807 W 43RD Street

    Los Angeles (City), CA 90037
    • $1,865,000
    • STATUS: Active
    • ON SITE: 62 days
    • ID#: 18384796
    UPDATED: 15 min ago
    $1,865,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,464
      SQFT
    • $220
      $/SQFT
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Two evictions in process with one tenant scheduled to move out 11/31/2018. Further, most tenants are open to a cash for keys arrangement. 807 W 43rd Street is located in the heart of South Los Angeles south of the new Bank of California Stadium at Exposition Park. This unique offering consists of two 1920's apartment buildings in an LAC2 zone. The property consists of 8 ++G++G+- 1,050 square feet three bedroom/1 bathroom units on a ++G++G+- 5,500 square foot lot and an ++G++G+- 8,464 square foot building. 807 W 43rd Street offers an investor the opportunity to increase rental income by ++G++G+- 45% upon any given vacancy. Additionally, by carrying out complete interior renovations, an investor will be able to significantly increase value and improve rental income.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T13:31:10.623. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/87388501

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

    • Price: $1,865,000
    • Status: Active
    • Updated: 15 min ago
    • ID#: 18384796
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    8,464
    SQFT
    $220
    $/SQFT
    1925
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Two evictions in process with one tenant scheduled to move out 11/31/2018. Further, most tenants are open to a cash for keys arrangement. 807 W 43rd Street is located in the heart of South Los Angeles south of the new Bank of California Stadium at Exposition Park. This unique offering consists of two 1920's apartment buildings in an LAC2 zone. The property consists of 8 ++G++G+- 1,050 square feet three bedroom/1 bathroom units on a ++G++G+- 5,500 square foot lot and an ++G++G+- 8,464 square foot building. 807 W 43rd Street offers an investor the opportunity to increase rental income by ++G++G+- 45% upon any given vacancy. Additionally, by carrying out complete interior renovations, an investor will be able to significantly increase value and improve rental income.
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Appliances None Appliances YN No Cooling None Cooling YN No Laundry Features None

    Property Features

    Gross Multiplier 12.77 Gross Operating Income 146004.00 Improvements Amount 207729 Land Value 155796 Laundry YN No Net Operating Income 90302.00 Special Listing Conditions Standard Total Expenses 50592.00 Zoning Lac2

    Listing provided courtesy of Manny Nunez of Cb Richard Ellis, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T13:31:10.623. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    4010 Barranca Pkwy Suite 100
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