Property Details
About this Property
Great cash flow property with huge upside too. 7.5% cash on cash return with current rents and management fee included, 7.1% 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.
MLS Listing Information
MLS #
CRPW24235975
MLS Source
California Regional MLS
Days on Site
35
Interior Features
Laundry
None
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Flat
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 4 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1162 E 43rd Pl is a Residential Income in Los Angeles, CA 90011. This – square foot property sits on a 6,981 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,525,000 and was built in 1954. This address can also be written as 1162 E 43rd Pl, Los Angeles, CA 90011.
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This listing information is up-to-date as of December 19, 2024. For the most current information, please contact Richard Bell, (714) 447-4900
