1162 E 43rd Pl - Apartments FOR SALE


Los Angeles, CA 90011
$1,475,000 USD
714-309-3549
1162 E 43rd Pl, Los Angeles, CA for Sale
$1,475,000 USD
Apartments - FOR SALE
1/12
null | 8% Cap Rate

1162 E 43rd Pl
Los Angeles, CA 90011


HIGHLIGHTS

  • Large units, Newer roofs, mostly copper plumbing, Good central location

OVERVIEW

Great cash flow property with huge upside too. 9.9% cash on cash return when current vacancy is rented at market rents. Unit will be rent ready at Close of Escrow. 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. 8.0% Cap Rate on current rents. 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. 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. Drive by only.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$257 USD /SF

# OF UNITS

6

PRICE/UNIT

$245,833

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Units 1162 E 43rd Pl.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LAC2

APN/PARCEL ID

5115-034-011

ASK ABOUT THIS PROPERTY

Richard BellBell Realty GroupMore Info
714-309-3549

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Richard BellBell Realty GroupMore Info
714-309-3549

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.