601 West 74th Street

Los Angeles, CA 90044

$850,000
Price
5
Beds
3
Baths
1,983 Sq. Ft.
$429 / Sq. Ft.
1,983
Sq. Ft.
$429
per Sq. Ft.

Description

Great investment opportunity. This Triplex is being run as a 30+ day rental on Airbnb. Front house is a 3 bedroom. Converted into two separate units without permit. Back building is made of side by side adjoining 1/1 units. There is a Shed at the end of the driveway the houses the laundry machines. Long driveway which accommodates several car parking. A large back yard which is adjacent to alley can potentially be used as parking. large front yard.Great investment opportunity. This Triplex is being run as a 30+ day rental on Airbnb. Front house is a 3 bedroom. Converted into two separate units without permit. Back building is made of side by side adjoining 1/1 units. There is a Shed at the end of the driveway the houses the laundry machines. Long driveway which accommodates several car parking. A large back yard which is adjacent to alley can potentially be used as parking. large front yard.
  1. Listed by Shamim Khorsand Mashhadi • DRE #02042990 • Brokerage DRE #01050989 • RE/MAX ESTATE PROPERTIES

Property Details for 601 West 74th Street

Zoning
LAR3
Parcel Number
6020025022
Total Units
4.0
Living Area
1983
Source Living Area
Vendor Enhanced
Area
Metropolitan Southwest (C36)
Vacancy Rate
0
Lot Size Area
7007

Location

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Shamim Khorsand Mashhadi, DRE #02042990
Add your commute
LISTING UPDATED: 05/13/2024 01:13 PM

Property Details for 601 West 74th Street

StatusActive
MLS #24-388113
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.16 AC / 7,007 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Shamim Khorsand Mashhadi, DRE #02042990
Add your commute

Building Information for 601 West 74th Street

Stories-Residences-Year Built1920Building Size-Lot Size0.16 AC / 7,007 SF

Payment Calculator

$5,431 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,639

Property Taxes

$792

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 601 West 74th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 1/1,3/1
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $74,368
  • Net Operating Income: $43,141.00
  • Gross Income: $74,368
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $11.00
  • Owner Pays: Electricity, Gas, Water, Gardener, Other
  • Total Annual Expense: 31227
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1609
  • Lot Size Square Feet: 7007
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 0
  • Open Other Spaces Total: 3
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Washer, Range/Oven, Refrigerator, Dryer
  • Common Walls: Attached
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 05-06-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $143,820.00
  • Assessed Improvement Percent: 19.03
  • Assessed Land Value: $612,000.00
  • Assessed Land Percent: 80.97
  • Assessed Total Value: $755,820.00

Property History for 601 West 74th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 601 West 74th Street

Taxable ValueLand$612,000Additions$143,820Total$755,820
Tax Record2023$9,505 ($792 / month)
Home Facts
Total Finished SqFt1,983 SqFtAbove Grade Finished SqFt1,983 SqFtLot Size7,005 SqFtStyleTriplexYear Built1920ZoningLAR3CountyLOS ANGELESAPN6020-025-022

Schools near 601 West 74th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Mary Mcleod Bethune Middle School
Public7 to 8

KIPP Empower Academy
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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601 West 74th Street is a multi-family home for sale in Los Angeles, CA 90044. This property was listed for sale on April 26, 2024 by RE/MAX ESTATE PROPERTIES, it's currently listed at $850,000. It has been on the market for a total of 38 days and was last sold on October 29, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Gerald A. Lawson Academy Of The Arts, Mathematics And Science, Mary Mcleod Bethune Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 601 West 74th Street is a 5-bed, 3-bath, 1,983 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Shamim Khorsand Mashhadi, DRE #02042990

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.