1162 E 43rd Place, Los Angeles CA 90011

$1,425,000

1162 E 43rd Place, Los Angeles, CA 90011

bedrooms

bathrooms

square feet

5,729

Acreage

0.1602617079889807

Open Houses

year built

1954

Full Baths

Half Baths

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Great cash flow property with huge upside too. 10.4% cash on cash return with current rents. 8.1% 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.

Location
Subdivision	-
County	Los Angeles
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: PW24235975

Listing agent: Richard Bell #01344469

Listing broker: Bell Realty Group (714) 447-4900

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, February 19 2025 at 9:18 p.m. EST

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