1162 E 43Rd Place
Los Angeles, CA 90011
Active for $1,525,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 6,981 sqft
| MLS | PW24235975 |
| Year Built | 1954 |
| Property Type | Mixed Use |
| County | Los Angeles |
| Status | Active |
| Active | $1,525,000 |
| Structure Size | N/A sqft |
| Lot Size | 6,981 sqft |
| Beds | N/A |
| Baths | N/A |
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 courtesy of: Richard Bell, Bell Realty Group 714 447-4900. *Based on information from the Association of REALTORS/Multiple Listing as of 12/27/2024 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.
Location
Contact a Local Realtor®
Rheka Lira
REALTOR®
Direct: 626.474.5662
Email: Email Me
DRE: 02219061
DRE #01873088
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