Optimized Triplex in LA's high-demand Florence neighborhood, offering a rare mix of strong day-1 cash flow and explosive, entitlement-backed development potential. Situated on a 5,513 SF LAR2 lot, the property features 2 distinct structures totaling 3 units: a detached front bungalow (2BR/1BA) and a rear duplex, operating at a strong 6% Cap Rate. What sets this asset apart is its stacked development profile: TOC Tier 2 status, an AB 2097 zone (eliminating minimum parking requirements), a Transit Priority Area, and an AB 2334 Very Low Vehicle Travel Area. Featuring eligibility flags for SB 9, ED 1, and the Citywide Adaptive Reuse Program, an incoming operator has multiple paths to add massive density. Use the expansive rear yard to build detached, non-RSO market-rate ADUs/JADUs to radically lift the rent roll. Perfect for value-add investors.
For sale
$775,000
223 E 74th St, Los Angeles, CA 90003
5beds
4baths
2,050sqft
Multi Family
Built in 1926
-- sqft lot
$772,300 Zestimate®
$378/sqft
$-- HOA
What's special
- 7 days |
- 196 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Armin Soleimani DRE # 01846872 310-666-2246,
Global Platinum Properties, Inc. 424-394-1030,
Julio Ruiz DRE # 01911261 818-524-0706,
Global Platinum Properties, Inc.
Source: CLAW,MLS#: 26858537
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Wall
Cooling
- Ceiling Fan(s)
Interior area
- Total structure area: 2,050
- Total interior livable area: 2,050 sqft
Property
Parking
- Parking features: Gated
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,514 Square Feet
Details
- Additional structures: None
- Parcel number: 6022010023
- Zoning: LAR2
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1926
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $378/sqft
- Tax assessed value: $546,600
- Annual tax amount: $6,946
- Date on market: 7/10/2026
Estimated market value
$772,300
$734,000 - $811,000
$2,803/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Listed for sale | $775,000+11.5%$378/sqft |
Source:  CLAW #26858537 Report a problem | ||
| 7/10/2026 | Listing removed | $695,000$339/sqft |
Source: CLAW #26856919 Report a problem | ||
| 7/7/2026 | Listed for sale | $695,000+41.8%$339/sqft |
Source: CLAW #26856919 Report a problem | ||
| 9/7/2018 | Sold | $490,000-7.5%$239/sqft |
Source: Public Record Report a problem | ||
| 4/19/2018 | Listed for sale | $530,000$259/sqft |
Source: RE/MAX TOP PRODUCERS #CV18090603 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,946 +1.5% | $546,600 +2% |
| 2024 | $6,845 +1.9% | $535,883 +2% |
| 2023 | $6,717 +4.7% | $525,376 +2% |
| 2022 | $6,413 +1.3% | $515,075 +2% |
| 2021 | $6,329 -0.9% | $504,977 +1% |
| 2020 | $6,388 | $499,800 +2% |
| 2019 | $6,388 +213.6% | $490,000 +235.7% |
| 2018 | $2,037 | $145,963 +2% |
| 2017 | $2,037 +2.1% | $143,102 +2% |
| 2016 | $1,995 +3.4% | $140,297 +1.5% |
| 2015 | $1,929 -0.1% | $138,191 +2% |
| 2014 | $1,931 | $135,485 +5% |
| 2009 | -- | $128,978 +4% |
| 2007 | -- | $123,971 +17.9% |
| 2006 | -- | $105,120 |
| 2005 | -- | $105,120 +4% |
| 2004 | -- | $101,039 +1.9% |
| 2003 | -- | $99,189 +2% |
| 2002 | -- | $97,245 +4% |
| 2000 | -- | $93,471 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Southeast Los Angeles
Nearby schools
GreatSchools rating
- 7/10Seventy-Fifth Street Elementary SchoolGrades: K-6Distance: 0.3 mi
- 3/10Mary Mcleod Bethune Middle SchoolGrades: 6-8Distance: 0.5 mi
- 4/10John C. Fremont Senior High SchoolGrades: 9-12Distance: 0.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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