1162 East 43rd Place
$1,525,000
12
6
5,729
5,729
$266
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.
- 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 PoolNo
Cooling TypeNone
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area5729
Assessor Parcel Number5115-034-011
LISTING UPDATED: 11/18/2024 07:29 AM
Property Details for 1162 East 43rd Place
Status | Active |
---|---|
MLS # | PW24235975 |
Days on Market | 2 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1954 |
Lot Size | 0.16 AC / 6,981 SF |
County | Los 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
Property History for 1162 East 43rd Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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