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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 1,475,000

Est. payment -/mo

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Price Dropped by $50K

1162 E 43rd PL Los Angeles, CA 90011

6,982 Sqft Lot

UPDATED:

01/16/2025 12:23 AM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24235975

Construction Status Termite Clearance

HOA Y/N No

Year Built 1954

Tax Year 2023

Lot Size 6,982 Sqft

Property Description

Great cash flow property with huge upside too. 9.9% cash on cash return with current rents. 8.0% 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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LAC2

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features None

Fence Chain Link, Grapestake

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Flat

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Termite Clearance

Others

Senior Community No

Tax ID 5115034011

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Richard Bell • Bell Realty Group • 714-309-3549

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

1162 E 43rd PL Los Angeles, CA 90011

Key Details

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Exterior

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1162 E 43rd PL