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Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 1,525,000

Est. payment -/mo

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Active

1162 E 43rd PL Los Angeles, CA 90011

5,729 SqFt

UPDATED:

01/07/2025 09:53 PM

Key Details

Property Type Commercial

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 5,729 sqft

Price per Sqft $266

MLS Listing ID PW24235975

Construction Status Termite Clearance

HOA Y/N No

Year Built 1954

Tax Year 2023

Lot Size 6,982 Sqft

Acres 0.1603

Property Description

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. 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

Laundry None

Exterior

Parking Features None

Fence Chain Link, Grapestake

Pool None

Community Features Curbs, Sidewalks, Storm Drains, Street Lights

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

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Termite Clearance

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

Confidential INFO

TERMS Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE See Remarks

SHOW INSTRUCTIONS Drive by only. Please make offers subject to inspection.

Listed by Bell Realty Group

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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