1123 West 43rd Street
1123 West 43rd Street
$850,000
1
4
3,096
3,096
$275
Closed 7/21/23
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...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.
- Listed by Abel Benitez • DRE #02173463 • Brokerage DRE #02021933 • GIG Real Estate Inc. • 213-595-8105
- Listed by Marc Schwartz • DRE #01515007 • Brokerage DRE #02021933 • GIG Real Estate Inc.
Property Details for 1123 West 43rd Street
Parking Spaces Total
4
Private PoolNo
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3096
Assessor Parcel Number5020-021-018
Property Attached YNtrue
Location
LISTING UPDATED: 07/21/2023 04:57 AM
Property Details for 1123 West 43rd Street
Status | Closed |
---|---|
MLS # | AR23035571 |
Days on Market | 96 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1935 |
Lot Size | 0.12 AC / 5,402 SF |
County | Los Angeles County |
Location
Building Information for 1123 West 43rd Street
Stories-Residences-Year Built1935Building Size-Lot Size0.12 AC / 5,402 SF
Payment Calculator
$4,734 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1123 West 43rd Street
Property History for 1123 West 43rd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1123 West 43rd Street
Taxable ValueLand$24,003Additions$28,950Total$52,953
Tax Record2023$1,137 ($95 / month)
Home Facts
Total Finished SqFt3,096 SqFtAbove Grade Finished SqFt3,096 SqFtLot Size5,402 SqFtStyleQuadraplexYear Built1935ZoningLAR2CountyLOS ANGELESAPN5020-021-018
Schools near 1123 West 43rd Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 4 | |||
Public - | 6 to 9 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
KIPP Vida Preparatory Academy CharterK to 4 | ||
Barack Obama Global Preparation Academy Public6 to 9 | ||
Manual Arts Senior High School Public9 to 12 | ||
USC Hybrid High College Prep Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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