1162 E 43rd Pl - Apartments FOR SALE


Los Angeles, CA 90011- Southeast Los Angeles
$1,425,000 USD
714-309-3549
1162 E 43rd Pl, Los Angeles, CA for Sale
$1,425,000 USD
Apartments - FOR SALE
1/12
null | 8.13% Cap Rate

1162 E 43rd Pl
Los Angeles, CA 90011
Southeast Los Angeles


HIGHLIGHTS

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

OVERVIEW

Great cash flow property with huge upside too. 10.4% cash on cash return on current rents and 25% down. 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

$1,425,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

6

PRICE/UNIT

$237,500

CAP RATE

8.13%

% 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.