1162 E 43rd Place, Los Angeles, CA 90011 - Berkshire Hathaway HomeServices California Properties
Phone949-212-2023
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1162 E 43rd Place, Los Angeles, CA 90011

$1,395,000 Approx. USD 0 beds, 0 baths

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Listing Agent


Richard Bell | richard@bellrealtyca.com
Lic#: 01344469
Broker: Courtesy of Bell Realty Group

Agent Remarks

Great cash flow property with huge upside too. 11.8% cash on cash return with current rents. 8.3% 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 Details

Property type: Apartment (Multi-Family)
Status: Active Under Contract
MLS# PW24235975
List price is $1,395,000 Reduced by $30,000 on 3/18/2025
Price: $1,395,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1954
2 stories
0.16 acres
Lot size: 0.1603
County: Los Angeles
Zoning: LAC2
Parking description: None
Lot description: SixToTenUnitsAcre
Heating/cooling: None
Heating description: Wall Furnace
MLS area: 699 - Not Defined

Last Updated: 5/6/2025

 Days On Market (DOM): 169

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 34.004567, -118.254960.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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