1162 E 43Rd Place, Los Angeles, CA 90011
-
Listed Price :
$1,525,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1954
Property Description
Great cash flow property with huge upside too. 7.5% cash on cash return with current rents and management fee included, 7.1% cap rate. Many upgrades over the years including, Newer roof on both buildings, Copper water pipes, Vinyl windows, new external stairs to top unit in the back building. Possible conversion of garages currently used for storage to ADU to make 7 or 8 units, check with city for allowances. Located in a strong rental area in South Central Area with a great unit mix of five 3 Bdrm and 1 Bath units. Walkable score of 83. 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. Market rents shown are for Section 8 approved 2 bedroom units. Garages currently used for storage.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
1162 E 43Rd Place |
| City |
Los Angeles |
| State |
CA |
| Zip |
90011 |
| County |
Los Angeles |
| Listing Agent |
Richard Bell DRE #01344469 |
| Courtesy Of |
Bell Realty Group |
| List Price |
$1,525,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
6,981 |
| Year Built |
1954 |
Listing information courtesy of: Richard Bell, Bell Realty Group. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 18th, 2024 at 11:30 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
