1162 E 43Rd Place

Los Angeles, CA 90011

$1,525,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1954

calendar_month Built

Property 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.

Listing Information

List Price $1,525,000
Status Active
MLS PW24235975
HOA $0
Type Residential Income
Subtype Mixed Use
Year Built 1954
Lot Size 6,981
Structure Size N/A
DOM 16
Courtesy Of Bell Realty Group
Listing Agent Richard Bell DRE#01344469

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Richard Bell, Bell Realty Group 714 447-4900. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 5:14 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.