210 W 43rd Pl - Apartments FOR SALE


Los Angeles, CA 90037- Vernon-Main
$3,795,000 USD
310-968-7005
210 W 43rd Pl, Los Angeles, CA for Sale
$3,795,000 USD
Apartments - FOR SALE
1/9
null | 6.32% Cap Rate

210 W 43rd Pl
Los Angeles, CA 90037
Vernon-Main


HIGHLIGHTS

  • 30-unit South LA multifamily offering priced at $126,500 per unit with a 6.69% CAP and 8.77 GRM on current rents.
  • Projected stabilization at an 7.67% market CAP and 8.03 market GRM based on renovated market rents.
  • 5 units delivered vacant, allowing immediate renovation and lease-up.
  • Secure, gated property with a traditional South LA apartment layout that supports efficient operations and management.
  • Several units already renovated with tile flooring, ample cabinetry, gas stoves, wall A/C units, and ceiling fans.
  • Located minutes from USC, Exposition Park, BMO Stadium, and major South LA employment and entertainment anchors.

OVERVIEW

Offered at $3,795,000, or $126,500 per unit, 210 W. 43rd Pl. is a 30-unit South LA value-add opportunity that now sits at a far more attractive entry point. The property operates at a 6.31% CAP and 9.10 GRM on current rents, with a basis of $269 per SF. At the revised pricing, the deal supports today’s income while still leaving meaningful room to grow. At projected market rents, the property is expected to stabilize at an 7.67% CAP and 8.03 GRM. Two units are currently vacant, allowing a buyer to begin renovations and lease-up immediately, establish updated rents early in the hold period, and improve overall performance without the need for tenant negotiations. Built in 1926, the property features a secure gated entry and a traditional courtyard layout comprised of (30) studio units. The configuration is straightforward and easy to manage, with a consistent unit mix that makes renovation planning clear and repeatable. Several units have already been updated with tile flooring, improved cabinetry, gas stoves, wall-mounted A/C units, and ceiling fans. Living areas feature practical layouts and natural light, providing a solid foundation for future interior upgrades. Located in Historic South-Central, 210 W. 43rd Pl. sits minutes from USC, Exposition Park, BMO Stadium, The Shrine Auditorium, and the LA Memorial Coliseum. These year-round education and entertainment anchors continue to support steady housing demand in the area. The property also benefits from access to Vermont Ave. and Western Ave., two major corridors that connect residents to surrounding neighborhoods and employment centers. Following the price adjustment, 210 W. 43rd Pl. stands as a 30-unit asset with real scale and notable upside, at a basis that better reflects today’s market.

FOR SALE DETAILS

PRICE

$3,795,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

30

PRICE/UNIT

$126,500

CAP RATE

6.32%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

30 Units @ $127K Per Unit & 9.10 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R2

APN/PARCEL ID

5111-010-012

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-968-7005

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Kenny StevensCompassMore Info
310-968-7005

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