1490 E 43rd St - Apartments FOR SALE


Los Angeles, CA 90011- Southeast Los Angeles
$825,000 USD
213-225-7223
1490 E 43rd St, Los Angeles, CA for Sale
$825,000 USD
Apartments - FOR SALE
1/16
null | 7.18% Cap Rate

1490 E 43rd St
Los Angeles, CA 90011
Southeast Los Angeles


OVERVIEW

We are pleased to present 1490 E 43rd St, a 4-unit multifamily property in Los Angeles, offered at a 9.67 GRM and 7.18% CAP on current rents with upside potential to achieve a 7.90 GRM and 9.42% CAP with proforma rent. The property consists of two separate duplexes offering a total of 2,136 rentable square feet with ALL units delivered FULLY OCCUPIED. Built in 1927, both structures are situated on a 5,003 square foot LAR2 zoned corner lot with alley access. The unit mix consists of two (2) two bedroom one-bathroom unit and two (2) one bedroom one-bathroom units with ALL units having been renovated. Located 0.4 Miles to the Vernon Station for the A Line, as well as a number of nearby bus stops, the property offers easy access to Downtown Los Angeles, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center, various employment opportunities and nearby tenant amenities. Contact the listing broker for additional information.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

4

PRICE/UNIT

$206,250

CAP RATE

7.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Units - 9.67 GRM - 7.18%

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,003 SF

ZONING

LAR2

APN/PARCEL ID

5116-008-001

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.