225 E 74th Street is a well-located triplex in the Florence neighborhood of Southeast Los Angeles, offering a rare combination of in-place cash flow and substantial, entitlementbacked upside. The property sits on a 5,188 SF lot (0.125 acre) zoned R2-1 with a Low Medium II Residential General Plan designation, and is currently improved with two structures totaling three units — a detached front bungalow (2BR/1BA, ±646 SF) and a duplex (±1,404 SF). Fully rented, the asset is operating at a 6.3% cap rate today, with a clear runway to grow income through market-rate turnover and ground-up unit additions.