1 of 28

Want to see this property?

1162 E 43rd Place

Los Angeles, CA 90011

– beds
– baths
– sqft
6,981 sqft lot
1954 build
– on site

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.

Listed By CRMLS_CA / Richard Bell / Bell Realty Group / 714-309-3549

Last checked: Checking… • Last updated Nov 19, 2024 •

MLS# PW24235975 —

The Building

Year Built:

1954
Year Built Source:

Assessor
New Construction:

No
Roof:

Flat
Entry Level:

1
Common Walls:

1 Common Wall
Building Area Total:

5729.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

6
Stories Total:

2
# of Separate Gas Meters:

6
# of Separate Water Meters:

1
# of Separate Electric Meters:

6

Interior

Levels:

One
Entry Location:

Front
Fireplace:

No
Fireplace:

None
Laundry:

None

Financial & Terms

Disclosures:

Rent Control, Seller Will Pay Sec. 1 Termite

Location

Directions:

E/ South Central Ave. & N/ E. Vernon Ave.
Latitude:

34.00456700
Longitude:

-118.25496000

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Property Condition:

Termite Clearance
Zoning:

LAC2
Lot Features:

6-10 Units/Acre
Lot Size Area:

6981.0000
Lot Size Acres:

0.1603
Lot Size SqFt:

6981.00
Lot Size Source:

Assessor
Fencing:

Chain Link, Grapestake
Fence:

Yes
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2282.20
Tax Year:

2023
Tax Tract:

1103
Tax Lot:

11
Tax Rate:

1.20

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5115034011

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Curbs, Sidewalks, Storm Drains, Street Lights
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

Yes
Assessments:

Buyer to Verify

Parking

Parking:

No
Parking:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price
11/18/24 Nov 18, 2024	Listed / Active	CRMLS_CA	$1,525,000
3/13/24 Mar 13, 2024	Price Changed	CRMLS_CA
2/25/24 Feb 25, 2024	Listed / Active	CRMLS_CA

Want a closer look?

Go see 1162 E 43rd Place

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Los Angeles, CA

Similar sold homes

This multifamily located in South LA, Los Angeles, CA 90011 is currently for sale for $1,525,000. 1162 E 43rd Place is a – square foot multifamily with – beds and – baths that has been on Estately for 3 days. 1162 E 43rd Place is in the South LA neighborhood of Los Angeles and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of Thomas Jefferson Senior High, Sally Ride Elementary School, Santee Education Complex, George Washington Carver Middle School, Nava College Preparatory Academy, and Dr Maya Angelou Community Senior High.

Listing Courtesy of: CRMLS_CA and Bell Realty Group. Based on information from California Regional Multiple Listing Service, Inc. as of 19:40 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.