1123 West 43rd Street

Los Angeles, CA 90037

$850,000
Last Sold Price
1
Beds
4
Baths
3,096 Sq. Ft.
$275 / Sq. Ft.
3,096
Sq. Ft.
$275
per Sq. Ft.

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.
  1. Listed by Abel Benitez • DRE #02173463 • Brokerage DRE #02021933 • GIG Real Estate Inc. • 213-595-8105
  2. 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 Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3096
Assessor Parcel Number
5020-021-018
Property Attached YN
true

Location

Listing Courtesy of GIG Real Estate Inc., Abel Benitez, DRE #02173463; GIG Real Estate Inc., Marc Schwartz, DRE #01515007

Sold By GIG Real Estate Inc., Abel Benitez, DRE #02173463

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LISTING UPDATED: 07/21/2023 04:57 AM

Property Details for 1123 West 43rd Street

StatusClosed
MLS #AR23035571
Days on Market96
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1935
Lot Size0.12 AC / 5,402 SF
CountyLos Angeles County

Location

Listing Courtesy of GIG Real Estate Inc., Abel Benitez, DRE #02173463; GIG Real Estate Inc., Marc Schwartz, DRE #01515007

Sold By GIG Real Estate Inc., Abel Benitez, DRE #02173463

Add your commute

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

30 year fixed, 7.25% Interest

Principal and Interest

$4,639

Property Taxes

$95

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1123 West 43rd Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Workmans Compensation Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: 2316
  • Tax Census Tract: 2316.03
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Biking
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 6800
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1123 West 43rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of GIG Real Estate Inc., Abel Benitez, DRE #02173463; GIG Real Estate Inc., Marc Schwartz, DRE #01515007

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, 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.