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1123 43rd Street

Los Angeles, CA 90037

$850,000 Sale Price
Est. Payment: $ 0/mo
1
Bed
0
Bath
3,096 Sq. Ft.
$291 / Sq. Ft.
Sold

1123 43rd Street

Los Angeles, CA 90037

Sold
$850,000 Sale Price
$0/mo
1
Bed
0
Bath
3,096
Sq. Ft.
Proud to present 1123 W 43rd St, located at the heart of a culturally vibrant neighborhood of Southern Los Angeles. Built in 1935 this property consists of four TRUE-VALUE ADD units with 750 SF/each of living area on a sizeable 5,402 SF lot. An exceptional & unique true value-add investment opportunity located in the highly desirable opportunity zone on LAR-2 zoning with TOC Tier 3 density bonus. All while being just minutes away from USC and Exposition Park. The property is priced to sell at a high proforma CAP Rate and low price per unit compared to other properties. This offering consists of two easily maintained buildings after stabilization. Two large two-story duplexes with an efficient unit mix of four bedroom & one bath units. Each unit features about 750 sqft of living area & its own one-car garage which can also be utilized as storage units for additional income or future ADU potential. According to ownership the property has been vacant for over 10 years and has suffered plenty of deferred maintenance including fire damage at the end of 2022. The City of Los Angeles has red-tagged the building so the buyer must conduct their own due diligence. After the property has been rehabbed it offers tremendous upside potential at a low price per unit & high Proforma CAP Rate.
PROPERTY INFORMATION
MLS # AR23035571 Lot Size 5,402 Sq. Ft.
HOA Fees $0/Monthly Property Type Quadruplex
Price $ 900,000
Price Per SqFt: $ 291
DOM 823 Days
Address 1123 43rd Street Type Residential Income
City Los Angeles Sq.Ft. 3,096 Sq. Ft.
Postal Code 90037 Garage 4
County Los Angeles Year Built 1935
Bed / Bath 1 / 0 Parking 4
Built In 1935 Status Closed
Sold Date 2023-07-21
INTERIOR FEATURES
Has Laundry No
Laundry Information None
EXTERIOR FEATURES
Has Pool No
Pool None
WALKSCORE
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $960
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
07/21/2023 Sold $850,000
03/02/2023 Listed $900,000
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Topfind Realty

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Listing provided courtesy of Abel Benitez, GIG Real Estate Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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