$1,525,000
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1162 43rd Place Los Angeles, CA 90011
Mixed Use
Residence
Beds
Baths
...
Bed/Bath
5,729
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Great cash flow property with huge upside too. 6.4% cash on cash return with current rents and management fee included, 7.2% 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. Possib...le 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.
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MLS#
PW24235975
Property Type
Mixed Use
Year Built
1954
Square Feet
5,729
sq. ft
Lot Size
0.16
Stories
1.0
Sewer
Sewer Connected, Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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