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$ 724,995
Est. payment /mo
Active
358 E 73rd Street Los Angeles, CA 90003
3 Beds
1,846 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,846 sqft
Price per Sqft $392
MLS Listing ID CL26650397
Bedrooms 3
HOA Y/N No
Year Built 1937
Lot Size 6,716 Sqft
Acres 0.15
Property Sub-Type OTHER
Property Description
Value-add multifamily opportunity in Los Angeles, also known as 7301 Towne Ave. Situated on a large 6,714 sq ft corner lot, this R2-zoned property consists of a single-family residence plus a duplex (3 units total), offering both stable in-place income and multiple paths for upside. The property currently offers a strong cap rate, with clear opportunities to increase rents to market levels, renovate existing units, and add an ADU to further maximize income. The corner lot configuration and favorable zoning create long-term redevelopment and expansion potential, making this an ideal asset for investors seeking both cash flow and future value growth. Centrally located near schools, parks, public transportation, and major thoroughfares, this property combines strong fundamentals, flexible exit strategies, and long-term appreciation potential in a high-demand rental market.
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Cooling No Air Conditioning
Fireplace No
Building
New Construction No
Others
Tax ID 6022018001
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Listed by Maryna Pototska • Nest Seekers
NEARBY SCHOOLS & PROPERTIES