1162 East 43rd Place

Los Angeles, CA 90011

$1,525,000
Price
12
Beds
6
Baths
5,729 Sq. Ft.
$266 / Sq. Ft.
5,729
Sq. Ft.
$266
per Sq. Ft.

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...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.
  1. Listed by Richard Bell • DRE #01344469 • Brokerage DRE #01930317 • Bell Realty Group • 714-309-3549

Property Details for 1162 East 43rd Place

Parking Spaces Total
0
Private Pool
No
Cooling Type
None
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5729
Assessor Parcel Number
5115-034-011
LISTING UPDATED: 11/18/2024 07:29 AM

Property Details for 1162 East 43rd Place

StatusActive
MLS #PW24235975
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1954
Lot Size0.16 AC / 6,981 SF
CountyLos Angeles County

Building Information for 1162 East 43rd Place

Stories2Residences-Year Built1954Building Size-Lot Size0.16 AC / 6,981 SF

Property Information for 1162 East 43rd Place

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $161,928
  • Gross Scheduled Income: $161,928
  • Vacancy Allowance: 4858
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $157,070
  • Net Operating Income: $107,682
  • Number Of Rented Garages: 0
  • Laundry Income: $0
  • Gross Multiplier: 9.4
  • Cap Rate: 7.1
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $49,388
  • New Taxes Expense: $19,063
  • Fuel Expense: $0
  • Licenses Expense: $650
  • Electric Expense: $0
  • Insurance Expense: $6,500
  • Maintenance Expense: $4,000
  • Professional Management Expense: $8,096
  • Other Expense: $3,679
  • Other Expense Description: Misc
  • Trash Expense: $4,000
  • Water Sewer Expense: $3,400
  • Total Expenses: $49,388
Tax / Assessment Info
  • Tax Rate: 1.2
  • Tax Year: 2023
  • Tax Tract Number: 1103
  • Tax Census Tract: 2282.20
  • Tax Lot: 11
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Roof: Flat
  • Entry Location: Front
  • Fence: Yes
  • Fence: Chain Link, Grapestake
  • Fencing: Chain Link, Grapestake
  • Property Condition: Termite Clearance
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Green Info
  • Walk Score: 83
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: None
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,052
  • Unit Type Total Rent: $3,052
  • Unit Type Pro Forma: 3052
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,052
  • Unit Type Total Rent: $2,288
  • Unit Type Pro Forma: 3052
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,636
  • Unit Type Total Rent: $1,636
  • Unit Type Pro Forma: 3052
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,598
  • Unit Type Total Rent: $1,598
  • Unit Type Pro Forma: 3052
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,052
  • Unit Type Total Rent: $1,566
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,104
  • Unit Type Total Rent: $1,104
  • Unit Type Pro Forma: 2132
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number With Range: 6

Property History for 1162 East 43rd Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1162 East 43rd Place

Taxable ValueLand$149,082Additions$305,277Total$454,359
Tax Record2024$6,181 ($515 / month)
Home Facts
Total Finished SqFt5,729 SqFtAbove Grade Finished SqFt5,729 SqFtLot Size6,979 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningLAC2CountyLOS ANGELESAPN5115-034-011

Schools near 1162 East 43rd Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sally Ride Elementary: A Smart Academy
PublicK to 5

Synergy Kinetic Academy
Charter6 to 8

Nava College Preparatory Academy
Public9 to 12

Thomas Jefferson Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1162 East 43rd Place is a mixed use property for sale in Los Angeles, CA 90011. This property was listed for sale on November 18, 2024 by Bell Realty Group, it's currently listed at $1,525,000. It has been on the market for a total of 2 days and was last sold on March 24, 2003. This listing's school district is Los Angeles Unified School District. Nearby schools include Sally Ride Elementary: A Smart Academy, Synergy Kinetic Academy and Nava College Preparatory Academy. 1162 East 43rd Place is a 12-bed, 6-bath, 5,729 sqft mixed use property built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bell Realty Group, Richard Bell, DRE #01344469

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.