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1162 E 43rd Place
Los Angeles CA 90011 US

$1,350,000

Active Listing ID PW23204915
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12 bed
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6.00 Bath (6 Full Bath)
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Lot: 6,981.00 Square Feet
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Other

$1,350,000

Active Listing ID PW23204915
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1162 E 43rd Place Great cash flow property with huge upside too. Many upgrades over the years including, Newer roof on the front building, Copper water pipes, Vinyl windows, new external stairs to top unit in the back building. 6% Cap Rate on current rents with a rent increase due Feb. 1st 2024. Cap rate of 10% on market rents. Located in a strong rental area in South Central Area with a great unit mix of five 2 Bdrm and 1 Bath units. Property is separate metered for Gas and Electric and consists of two buildings, a 4-plex up front and duplex along with a 4 car garage in the back. Front 4 units have been converted to 3 bedrooms but third bedroom can easily be used as a living room as well, Buyer to verify permits for all changes and improvements.

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Property Features

  • Facts
  • Lot Size: 6,981.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 6
  • Cooling System: None
  • Exterior Finish: Fence, Community Features Included: Curbs, Sidewalks, Storm Drains, Street Lights, 6-10 Units/Acre
  • Roof Type: Flat

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1350000
  • unparsedaddress: 1162 E 43rd Place
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90011
  • bathroomsfull: 6
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.160261707988981
  • lotsizeunits: Square Feet
  • lotsizearea: 6981
  • livingarea: 5729
  • livingareaunits: Square Feet
  • latitude: 34.004567
  • longitude: -118.25496
  • listagentfullname: Richard Bell
  • listagentemail: richard@bellrealtyca.com
  • listagentkey: 3yd-MRMLSCA-PBELLRIC
  • listagentmlsid: PBELLRIC
  • listagentpreferredphone: 7143093549
  • listagentofficephone: 7143093549
  • listofficekey: 3yd-MRMLSCA-PB16938
  • listagentstatelicense: 01344469
  • listofficemlsid: PB16938
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1954
  • listingcontractdate: 2023-11-09
  • listagenturl: http://www.BellRealtyCA.com
  • countyorparish: Los Angeles
  • parcelnumber: 5115034011
  • cooling: None
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 4
  • parkingfeatures: Garage
  • roof: Flat
  • waterfrontyn: False
  • exteriorfeatures: Fence, Community Features Included: Curbs, Sidewalks, Storm Drains, Street Lights, 6-10 Units/Acre
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.25496, 34.004567
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Listing Changed: 4/1/2024 5:44:06 PM GMT
Source Updated Date: 4/27/2024 6:43:39 AM GMT

Courtesy of: Richard Bell, Bell Realty Group, richard@bellrealtyca.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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