242-244 West 43rd Street

Los Angeles, CA 90037

$950,000
Price
5
Beds
4
Baths
2,566 Sq. Ft.
$370 / Sq. Ft.
2,566
Sq. Ft.
$370
per Sq. Ft.

Description

Great Investment Opportunity. We are pleased to present this Classic California Craftsman Mansion style property located at 242-244 W. 43rd Street. A Multi - Family residential property comprising of three on a lot. A Multi - Family residential property comprising of three on a lot (1) 3-/bdr, 2 bath, SFR, (1) Bedroom, 1 bath SFR, and (1) Bedroom Apartment, (1) bath. The front building is a 2-story structure housing with 3 bedrooms upstairs , living room, dining room, kitchen , 1/2 bath, laundry...Great Investment Opportunity. We are pleased to present this Classic California Craftsman Mansion style property located at 242-244 W. 43rd Street. A Multi - Family residential property comprising of three on a lot. A Multi - Family residential property comprising of three on a lot (1) 3-/bdr, 2 bath, SFR, (1) Bedroom, 1 bath SFR, and (1) Bedroom Apartment, (1) bath. The front building is a 2-story structure housing with 3 bedrooms upstairs , living room, dining room, kitchen , 1/2 bath, laundry room downstairs. (1) SFR bedroom house in the back and (1) bedroom apartment with separate entrance on side of front house. Tenants are all long -term with current Section 8 contracts. Ample street parking and in driveway. Centrally located , nearby USC, DTLA, BMO stadium and other attractions.
  1. Listed by Edna Briscoe • DRE #02118986 • Brokerage DRE #01807958 • Forward Real Estate

Property Details for 242-244 West 43rd Street

Water Front
None
Zoning
LAR2
Style
Traditional
Parcel Number
5111013008
Total Units
3.0
Living Area
2566
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
LISTING UPDATED: 10/29/2024 06:57 PM

Property Details for 242-244 West 43rd Street

StatusActive
MLS #24-433179
Days on Market87
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1916
Lot Size0.15 AC / 6,349 SF
CountyLos Angeles County

Building Information for 242-244 West 43rd Street

Stories2Residences-Year Built1916Building Size-Lot Size0.15 AC / 6,349 SF

Property Information for 242-244 West 43rd Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Triplex
  • View: Yes
  • View Description: Walk Street
  • Security Features: Fire Sprinklers, Fire and Smoke Detection System, Carbon Monoxide Detector(s), Window Bars
  • Direction Faces: North
  • Property Condition: Repair Cosmetic
  • Water: Meter on Property, On Site, Water District
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Central Water Heater, Water Heater Unit
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan, Exchange Up, New, Cash, FHA, Conventional, VA
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $69,060
  • Net Operating Income: $62,640.00
  • Gross Income: $69,060
  • Gross Rent Multiplier: $.00
  • Actual Annual Gross Rent: $69,060.00
  • Actual Gross Annual Income: $69,060
  • Actual Rent Total: $5,755.00
  • Financial Info as Of: 08/16/2024
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 6420.00
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.1458
  • Lot Size Square Feet: 6349
  • Lot Features: Back Yard, Front Yard, Lawn
  • Lot Description: Back Yard, Front Yard, Lawn, Street Paved, Sidewalks, Single Lot, Street Lighting
Parking Details
Parking Details
  • Parking Garage: Driveway, On street
  • Total Parking: 0
  • Open Other Spaces Total: 4
  • Carport Spaces Total: 0
  • Parking Features: Driveway, Street
Interior Features
Interior Features
  • Room Type: Basement
  • Rooms: Basement
  • Levels: Two, One
  • Fireplace Features: Electric, Dining Room, Kitchen, Living Room, Bath
  • Fireplace Rooms: Electric, Dining, Kitchen, Living Room, Bath
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Zoned
  • Heating Type: Zoned
  • Flooring: Linoleum, Ceramic Tile, Tile
  • Equipment: None
  • Common Walls: Attached
  • Laundry: In Unit, Inside
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: None
  • Patio Features: Porch - Front, Covered Porch
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Foundation Details: None
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-29-2024
  • Listing Terms: Cash, Cash To New Loan, Conventional, Exchange Up, FHA, VA Loan, Freddie Mac, Fannie Mae
  • Rent Control: Yes
  • Rent Control: 3
  • Garage Rental Rate: 0
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,675.00
  • Unit Actual Rent: $2,675.00
  • Unit Projected Rent: $2,675.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,430.00
  • Unit Actual Rent: $1,430.00
  • Unit Projected Rent: $1,430.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Carpet: 0
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $98,820.00
  • Assessed Improvement Percent: 51.93
  • Assessed Land Value: $91,467.00
  • Assessed Land Percent: 48.07
  • Assessed Total Value: $190,287.00

Property History for 242-244 West 43rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 242-244 West 43rd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
West Vernon Avenue Elementary School
PublicK to 5

William Jefferson Clinton Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
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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242-244 West 43rd Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on August 29, 2024 by Forward Real Estate, it's currently listed at $950,000. This listing's school district is Los Angeles Unified School District. Nearby schools include West Vernon Avenue Elementary School, William Jefferson Clinton Middle School and Thomas Jefferson Senior High School. 242-244 West 43rd Street is a 5-bed, 4-bath, 2,566 sqft multi-family home built in 1916.

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 Forward Real Estate, Edna Briscoe, DRE #02118986

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.