807 W 43RD Street

    Los Angeles (City), CA 90037
    • $1,850,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: 19499628
    UPDATED: 50 min ago
    $1,850,000
    • 24
      BEDS
    • 0.13
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 8,464
      SQFT
    • $219
      $/SQFT
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    We are pleased to announce the sale of 807 West 43rd Street, an eight-unit multifamily property in Los Angeles, California that features a unit mix consisting entirely of three bedroom apartments. The spacious floorplans average nearly 1,050 square feet each, helping an owner to draw higher-paying tenants who wish to live near the numerous schools, churches, and parks in the immediate area. The most recent vacancy has been thoroughly renovated, providing a blueprint for a new owner to follow that could help to recapture the approximately 33 percent in rent upside. Even without investing in interior renovations, the property provides an owner with strong cash flow, with an in-place CAP Rate of 5.85 percent.Located just one mile from USC campus, near the intersection of Hoover Street and Vernon Avenue, the two buildings occupy one parcel. The property does not appear on the LADBS Seismic Retrofit List (Buyer to verify), which may help to minimize a new owner's maintenance expense

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    Based on information from CARETS as of 2019-08-23T12:46:55.81. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.rosalietherealtor.com/homes/97921357

    807 W 43RD Street Los Angeles (City), CA 90037

    • Price: $1,850,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 19499628
    24
    Beds
    8
    Baths
    0
    ½ Baths
    0.13
    Acres
    8,464
    SQFT
    $219
    $/SQFT
    1925
    Built
    Neighborhood:
    Los Angeles Southwest (C34)
    County:
    Los Angeles
    Area:
    Los Angeles Southwest (C34)
    Property Description
    We are pleased to announce the sale of 807 West 43rd Street, an eight-unit multifamily property in Los Angeles, California that features a unit mix consisting entirely of three bedroom apartments. The spacious floorplans average nearly 1,050 square feet each, helping an owner to draw higher-paying tenants who wish to live near the numerous schools, churches, and parks in the immediate area. The most recent vacancy has been thoroughly renovated, providing a blueprint for a new owner to follow that could help to recapture the approximately 33 percent in rent upside. Even without investing in interior renovations, the property provides an owner with strong cash flow, with an in-place CAP Rate of 5.85 percent.Located just one mile from USC campus, near the intersection of Hoover Street and Vernon Avenue, the two buildings occupy one parcel. The property does not appear on the LADBS Seismic Retrofit List (Buyer to verify), which may help to minimize a new owner's maintenance expense
    Exterior Features

    Parking Spaces Total 0 Parking Type Other

    Interior Features

    Cooling Type Air ConditioningCeiling Fan(S) Heating Type Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Partially Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bed01 3

    Property Features

    Adjusted Gross Income 160131.00 Assessed Improvement Value 207729.00 Assessed Land Value 155796.00 Cap Rate 5.85 Country United States Of America Expense Total Annual 51932.00 Gross Operating Income 165084.00 Gross Rent Multiplier 11.21 Hoa YN N Legal Disclosures No Property Assessments Lot Size Source Public Records Net Operating Income 108199.00 Number Of Buildings 2 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 1719.00 Unit Projected Total Monthly Rent01 18400.00 Unit Total Monthly Rent01 13757.00 Unit Type01 8 Units Total In Complex 8 Zoning Lac2

    Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


    Based on information from CARETS as of 2019-08-23T12:46:55.81. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    The Agency
    331 N Foothill Rd, #100
    Beverly Hills CA, 90210