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1123 43rd Street
Los Angeles, CA 90037
Sold
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 | 843 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
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $960
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/21/2023 | Sold | $850,000 |
| 03/02/2023 | Listed | $900,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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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.
