1162 E 43rd Place

Los Angeles, CA 90011

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,729 Sqft
  • 6981
    Sqft(Lot)
$1,525,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47676419

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Flat
    • Fireplace: None

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1954
    • Building Area Total: 5,729
    • Roof: Flat

    Pool Features

    • None

    Laundry Features

    • None

    Fencing

    • Chain Link,Grapestake

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1603
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6981

  • Listing Price Information

    • Original List Price: 1,525,000
    • Listing Contract Date: 2024-11-18

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5115034011
    • Tax Year: 2023

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Cable TV,Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 699 - Not Defined
    • Postal Code Plus 4: 3551
    • Directions: E/ South Central Ave. & N/ E. Vernon Ave.
    • Zoning: LAC2
    • Source Property Type: Residential Income
    • Area: 699 - Not Defined
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 70
    • Common Walls: 1 Common Wall
    • Property Condition: Termite Clearance
    • Structure Type: Mixed Use
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 11/23/2024 @ 00:15

  • MLS: PW24235975
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,729 sqft, 6,981 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90011, this Los Angeles County Home are nearby neighborhoods.