1162 E 43rd Pl - Apartments FOR SALE


Los Angeles, CA 90011
$1,525,000 USD
714-447-4900
1162 E 43rd Pl, Los Angeles, CA for Sale
$1,525,000 USD
Apartments - FOR SALE
1/18
null | 7.06% Cap Rate

1162 E 43rd Pl
Los Angeles, CA 90011


OVERVIEW

Great cash flow property with huge upside too. 7.5% cash on cash return when current two vacancies rented at market rents. Units 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. 7.1% 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

$1,525,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

6

PRICE/UNIT

$254,167

CAP RATE

7.06%

% 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

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,979 SF

ZONING

LAC2

APN/PARCEL ID

5115-034-011

ASK ABOUT THIS PROPERTY

Richard BellBell Realty GroupMore Info
714-447-4900

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Richard BellBell Realty GroupMore Info
714-447-4900

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