1159 East 43rd Place

Los Angeles, CA 90011

$580,000
Price
4,844 / 0.11
Lot Size / Acres

Description

LOT VALUE with APPROVED PLANS - Property scrapped - RTI and SB8 Cert APPROVED! Don't miss out on this exceptional investment opportunity! This lot is being sold with approved plans to build an approximately 2,805 sq ft of total living space duplex with an ADU + garages/parking and a potential for 4th and 5th unit ADU. Spanning two floors, this spacious multi-family building offers three units with incredible income potential. The first floor features two separate units: a 2-bedroom, 1-bathroom unit...LOT VALUE with APPROVED PLANS - Property scrapped - RTI and SB8 Cert APPROVED! Don't miss out on this exceptional investment opportunity! This lot is being sold with approved plans to build an approximately 2,805 sq ft of total living space duplex with an ADU + garages/parking and a potential for 4th and 5th unit ADU. Spanning two floors, this spacious multi-family building offers three units with incredible income potential. The first floor features two separate units: a 2-bedroom, 1-bathroom unit spanning 787 sq ft and a 1-bedroom, 1-bathroom unit spanning 547 sq ft. These units provide comfortable and functional living spaces with an in-unit washer and dryer. Potential 4th/5th unit on the second floor presents 3 bedrooms and 2.5 bathrooms, offering 1,266 sq ft of space or split into 2 spaces making it a 5th unit. This unit provides additional room and luxurious amenities, making it an appealing choice for tenants seeking more space and upscale living. Located in a prime area, this property is a fantastic investment opportunity for seasoned investors and first-time buyers seeking a unique living arrangement. With multiple income streams from the three units, you can enjoy the potential for significant rental income. Don't delay! Take advantage of this opportunity to add a lucrative multi-family property. Schedule a showing today to explore this property’s immense potential for your investment goals. Don't miss out on this chance
  1. Listed by Frank Shamoo • DRE #01899250 • Brokerage DRE #02215206 • Innovate Realty, Inc. • 949-295-6491
  2. Listed by Suzanne Abolhosseini • DRE #02047620 • Brokerage DRE #02215206 • Innovate Realty, Inc.

Property Details for 1159 East 43rd Place

View
Neighborhood
Lot Size Source
Assessor
Assessor Parcel Number
5115-033-024
New Construction
No
Pool
No
View
Yes
Association
No
Association Fee
$.00

Location

Listing Courtesy of Innovate Realty, Inc., Frank Shamoo, DRE #01899250; Innovate Realty, Inc., Suzanne Abolhosseini, DRE #02047620
Add your commute
LISTING UPDATED: 04/26/2024 04:41 AM

Property Details for 1159 East 43rd Place

StatusActive
MLS #OC24064291
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.11 AC
CountyLos Angeles County

Location

Listing Courtesy of Innovate Realty, Inc., Frank Shamoo, DRE #01899250; Innovate Realty, Inc., Suzanne Abolhosseini, DRE #02047620
Add your commute

Building Information for 1159 East 43rd Place

Lot Size0.11 AC

Payment Calculator

$3,699 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,165

Property Taxes

$534

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1159 East 43rd Place

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Census Tract: 2282.20
  • Tax Lot: 6
Community / Development
Community / Development
  • Assessments: Unknown
  • Community Features: Gutters
Property / Structure Info
Distance To
  • Distance To Water: 1
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Land Lease Type: Fee
  • Water Well: No
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Carport Spaces: 0

Property History for 1159 East 43rd Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1159 East 43rd Place

Taxable ValueLand$408,200Additions$102,000Total$510,200
Tax Record2023$6,412 ($534 / month)
Home Facts
Beds3Total Finished SqFt1,440 SqFtAbove Grade Finished SqFt1,440 SqFtStories1Lot Size4,844 SqFtStyleSingle Family ResidenceYear Built1911ZoningLAR2CountyLOS ANGELESAPN5115-033-024

Schools near 1159 East 43rd Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sally Ride Elementary: A Smart Academy
PublicK to 5

Synergy Kinetic Academy
Charter6 to 8

Nava College Preparatory Academy
Public9 to 12

Thomas Jefferson Senior High School
Public9 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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1159 East 43rd Place is a 0.11 ac of land for sale in Los Angeles, CA 90011. This property was listed for sale on April 3, 2024 by Innovate Realty, Inc., it's currently listed at $580,000. It has been on the market for a total of 26 days and was last sold on July 5, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Sally Ride Elementary: A Smart Academy, Synergy Kinetic Academy and Nava College Preparatory Academy. 1159 East 43rd Place is a 0-bed, 0-bath, 0.11 ac of land on a 4,844 sq. ft. / 0.11 acres lot.

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 Innovate Realty, Inc., Frank Shamoo, DRE #01899250; Innovate Realty, Inc., Suzanne Abolhosseini, DRE #02047620

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.