This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
1123 W 43rd Street, Los Angeles, CA 90037
$850,000
1123 W 43rd Street, Los Angeles, CA 90037View this property at 1123 W 43rd Street, Los Angeles, CA 90037
1123 W 43rd StreetLos AngelesCA90037
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Proud to present 1123 W 43rd St, located at the heart of a culturally vibrant neighborhood of Southern Los Angeles. Built in 1935 this property consists of four TRUE-VALUE ADD units with 750 SF/each of living area on a sizeable 5,402 SF lot. An exceptional & unique true value-add investment opportunity located in the highly desirable opportunity zone on LAR-2 zoning with TOC Tier 3 density bonus. All while being just minutes away from USC and Exposition Park. The property is priced to sell at a high proforma CAP Rate and low price per unit compared to other properties.
This offering consists of two easily maintained buildings after stabilization. Two large two-story duplexes with an efficient unit mix of four bedroom & one bath units. Each unit features about 750 sqft of living area & its own one-car garage which can also be utilized as storage units for additional income or future ADU potential.
According to ownership the property has been vacant for over 10 years and has suffered plenty of deferred maintenance including fire damage at the end of 2022. The City of Los Angeles has red-tagged the building so the buyer must conduct their own due diligence. After the property has been rehabbed it offers tremendous upside potential at a low price per unit & high Proforma CAP Rate.
Full Property Details
Full Property Details for 1123 W 43rd St
General
- Sold For: $850,000
- Status: Closed
- Type: Multi-Family
- MLS ID: AR23035571
- Added to Site: 443 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 4
Location
- Area: C34 - Los Angeles Southwest
- County: Los Angeles
- Development Name: C34 - Los Angeles Southwest
- Driving Directions: On the corner of Walton Ave & 43rd St
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Square Feet: 3,096
- Year Built: 1935
Unit Information
Unit 1
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.124
- Lot Size Source: Assessor
- Zoning: LAR2
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $274.55
- Price Per Unit: 225000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by GIG Real Estate Inc., Abel Benitez and GIG Real Estate Inc., Marc Schwartz
Sold by GIG Real Estate Inc., Abel Benitez
Get Pre-Approved Today
Schools
Schools serving 1123 W 43rd St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
4505 S Raymond Ave, Los Angeles, CA 90037 | K-5 | 0.3 mi | |
1700 W 46th St, Los Angeles, CA 90062 | 6-11 | 0.9 mi | |
4131 S Vermont Ave, Los Angeles, CA 90037 | 9-12 | 0.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1123 W 43rd St
Date
Details
Price
Change
Source
7/21/2023
Sold
$850,000
-5.56%
MLS
3/02/2023
Listed
$900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1123 W 43rd Street, Los Angeles, CA 90037 (MLS# AR23035571) is a Multi-Family property that was sold at $850,000 on July 21, 2023. Want to learn more about 1123 W 43rd Street? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.