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807 43rd Street
Los Angeles, CA 90037
Sold
We are pleased to announce the sale of 807 West 43rd Street, an eight-unit multifamily property in Los Angeles, California that features a unit mix consisting entirely of three bedroom apartments. The spacious floorplans average nearly 1,050 square feet each, helping an owner to draw higher-paying tenants who wish to live near the numerous schools, churches, and parks in the immediate area. The most recent vacancy has been thoroughly renovated, providing a blueprint for a new owner to follow that could help to recapture the approximately 33 percent in rent upside. Even without investing in interior renovations, the property provides an owner with strong cash flow, with an in-place CAP Rate of 5.85 percent.Located just one mile from USC campus, near the intersection of Hoover Street and Vernon Avenue, the two buildings occupy one parcel. The property does not appear on the LADBS Seismic Retrofit List (Buyer to verify), which may help to minimize a new owner's maintenance expense
PROPERTY INFORMATION
| MLS # | 19499628 | Lot Size | 5,500 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,850,000
Price Per SqFt: $ 219 |
DOM | 2091 Days |
| Address | 807 43rd Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 8,464 Sq. Ft. |
| Postal Code | 90037 | Garage | N/A |
| County | Los Angeles | Year Built | 1925 |
| Bed / Bath | 24 / 0 | Parking | N/A |
| Built In | 1925 | Status | Closed |
| Sold Date | 2019-11-07 |
INTERIOR FEATURES
| InteriorFeatures Information | Ceiling Fan(s) |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,973
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 11/07/2019 | Sold | $1,815,000 |
| 08/13/2019 | Sold | $1,850,000 |
| 08/12/2019 | Sold | $1,850,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Roderick 'Rick' Raymundo, Marcus & Millichap. 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.
