402 East 43rd Place

Los Angeles, CA 90011

$825,000
Last Sold Price
4
Beds
3
Baths
1,918 Sq. Ft.
$430 / Sq. Ft.
1,918
Sq. Ft.
$430
per Sq. Ft.

Description

Back on the Market Buyer could not perform due to loss of work! Beautifully updated Tri-plex! This is a must see, with Recently Updated Electrical, Plumbing, Roof, Bathrooms and Kitchens TOO MANY UPDATES TO LIST. Great opportunity to invest and just collect rent. All units are tenant occupied. Two of the three units are Section 8 tenants and are paying market rents. Third tenant has been paying on time for many years. Please drive by this one will not last and its at a 7% Cap Rate.Back on the Market Buyer could not perform due to loss of work! Beautifully updated Tri-plex! This is a must see, with Recently Updated Electrical, Plumbing, Roof, Bathrooms and Kitchens TOO MANY UPDATES TO LIST. Great opportunity to invest and just collect rent. All units are tenant occupied. Two of the three units are Section 8 tenants and are paying market rents. Third tenant has been paying on time for many years. Please drive by this one will not last and its at a 7% Cap Rate.
  1. Listed by Edmar Costa • DRE #01474018 • Brokerage DRE #01095341 • Engel & Volkers Beverly Hills

Property Details for 402 East 43rd Place

Water Front
None
Zoning
LAC2
Style
California Bungalow
Parcel Number
5113015011
Total Units
3.0
Living Area
1918
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)

Location

Listing Courtesy of Engel & Volkers Beverly Hills, Edmar Costa, DRE #01474018

Sold By Century 21 Allstars, Jose Leiva, DRE #01219706

Add your commute
LISTING UPDATED: 04/03/2024 08:40 AM

Property Details for 402 East 43rd Place

StatusSold
MLS #23-314275
Days on Market127
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1907
Lot Size0.11 AC / 4,999 SF
CountyLos Angeles County

Location

Listing Courtesy of Engel & Volkers Beverly Hills, Edmar Costa, DRE #01474018

Sold By Century 21 Allstars, Jose Leiva, DRE #01219706

Add your commute

Building Information for 402 East 43rd Place

Stories-Residences-Year Built1907Building Size-Lot Size0.11 AC / 4,999 SF

Payment Calculator

$4,876 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,502

Property Taxes

$374

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 402 East 43rd Place

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Tri-plex
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Direction Faces: North
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit
Contract Info
Contract Info
  • Financing: Cash To New Loan, FHA, Cash
  • Disclosures: Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $72,832
  • Net Operating Income: $57,655.00
  • Gross Income: $72,832
  • Cap Rate: 7.10%
  • Gross Rent Multiplier: $11.30
  • Actual Annual Gross Rent: $72,832.00
  • Actual Rent Total: $6,119.00
  • Vacancy Allow Percent: 100.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 15177
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1148
  • Lot Size Square Feet: 4999
  • Lot Features: Front Yard
  • Lot Description: Front Yard
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 2
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood Laminate
  • Equipment: Ceiling Fan, Hood Fan, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Room Kitchen Features: Remodeled Kitchen
  • Kitchen Features: Counter Top, Quartz Counters, Remodeled
  • Cooking Appliances: Gas
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition
  • Sprinklers: None
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-22-2023
  • Listing Terms: Cash To New Loan, Cash, FHA, VA Loan, Standard Sale, Conventional
  • Rent Control: Yes
  • Tenant Pays: Electricity, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,853.00
  • Unit Actual Rent: $2,853.00
  • Unit Projected Rent: $2,853.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $946.00
  • Unit Actual Rent: $946.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,320.00
  • Unit Actual Rent: $2,320.00
  • Unit Projected Rent: $2,320.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $118,309.00
  • Assessed Improvement Percent: 35.25
  • Assessed Land Value: $217,307.00
  • Assessed Land Percent: 64.75
  • Assessed Total Value: $335,616.00

Property History for 402 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 402 East 43rd Place

Taxable ValueLand$221,653Additions$120,915Total$342,568
Tax Record2023$4,483 ($374 / month)
Home Facts
Total Finished SqFt1,918 SqFtAbove Grade Finished SqFt1,918 SqFtLot Size4,999 SqFtStyleTriplexYear Built1907ZoningLAC2CountyLOS ANGELESAPN5113-015-011

Schools near 402 East 43rd Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Harmony Elementary School
PublicK to 5

Accelerated School
CharterK to 8

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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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 Engel & Volkers Beverly Hills, Edmar Costa, DRE #01474018

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.