210 W 43rd Pl - Apartments FOR SALE


Los Angeles, CA 90037- Vernon-Main
$3,600,000 USD
310-968-7005
210 W 43rd Pl, Los Angeles, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/9
null | 6.81% Cap Rate

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


HIGHLIGHTS

  • Offered at $120,000 per unit following a $200,000 price reduction, positioning the property below recent comparable sales in the immediate area.
  • Currently operating at a 6.81% CAP and 8.56 GRM on in-place rents, providing strong day-one income.
  • Consistent studio unit mix allows for a straightforward and repeatable renovation program.
  • Two vacant units provide immediate opportunity to renovate and establish updated rent levels.
  • Select units feature tile flooring, updated cabinetry, gas stoves, wall-mounted A/C units, and ceiling fans.
  • Located near USC, Exposition Park, BMO Stadium, The Shrine Auditorium, and the LA Memorial Coliseum.

OVERVIEW

Following its second price reduction, 210 W. 43rd Pl. is now offered at $3,600,000, or $120,000 per unit, positioning a 30-unit asset at a basis that now sits below several recent sales in the immediate area. At the current pricing, the property operates at a 6.81% CAP and 8.56 GRM on in-place rents, combining scale and day-one income in a way that is increasingly difficult to find at this level. The property consists of (30) studio units within a secure, gated courtyard layout originally built in 1926. The configuration is straightforward, with a consistent unit mix that simplifies renovation planning and ongoing management. Several units have already been updated with tile flooring, improved cabinetry, gas stoves, wall-mounted A/C units, and ceiling fans, providing a clear path for continued interior upgrades across the remaining units. Two units are currently vacant, allowing a buyer to begin renovations and lease-up immediately and establish updated rent levels early in the hold period. The existing layouts provide practical living space with natural light, creating a repeatable framework for unit turns without requiring reconfiguration. Located in Historic South-Central, 210 W. 43rd Pl. sits within close proximity to USC, Exposition Park, the LA Memorial Coliseum, BMO Stadium, and The Shrine Auditorium. These long-standing institutional anchors continue to support consistent housing demand tied to education, healthcare, and event-driven employment. The property also benefits from direct access to Vermont Ave. and Western Ave., connecting residents to Downtown Los Angeles and surrounding employment corridors. At $120,000 per unit with a 6.81% CAP and 8.56 GRM on current rents, 210 W. 43rd Pl. offers 30 units of scale at a basis that now sits below recent comparable sales, with a clear path to improving operations through a consistent renovation approach.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

30

PRICE/UNIT

$120,000

CAP RATE

6.81%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

30 Units @ $120K Per Unit & 8.56 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.