838 E 43rd St - Multi-Family FOR SALE


Los Angeles, CA 90011- Vernon-Main
$1,150,000 USD
916-996-4421
838 E 43rd St, Los Angeles, CA for Sale
$1,150,000 USD
Multi-Family - FOR SALE
1/23

838 E 43rd St
Los Angeles, CA 90011
Vernon-Main


HIGHLIGHTS

  • 8-unit value-add multifamily investment
  • Well-diversified unit mix of two 2-bedroom units, five 1-bedroom units, and one studio

OVERVIEW

838 E 43rd Street is an 8-unit value-add multifamily investment located in a core South Los Angeles rental submarket. The property was built in 1914 and consists of a well-diversified unit mix of two 2-bedroom units, five 1-bedroom units, and one studio, totaling approximately 5,686 square feet on a 7,808 square foot lot. The asset is subject to rent control. The property offers immediate income growth through a combination of deeply under-market rents and one vacant unit, allowing a new owner to begin capturing upside from day one through lease-up and natural turnover. In-place rents average approximately $1,267 per unit compared to projected market rents of roughly $2,020 per unit, representing meaningful rent-to-market gaps across the unit mix. This offering represents an opportunity to acquire a small-scale multifamily asset with clear value-add execution, strong yield expansion, and downside protection through a below-market basis.

FOR SALE DETAILS

PRICE

$1,150,000 USD

# OF UNITS

8

PRICE/UNIT

$143,750

CAP RATE

6.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

838 E 43rd St

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

5115-009-032

ASK ABOUT THIS PROPERTY

Taylor AvakianLyon Stahl Investment Real EstateMore Info
916-996-4421

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Taylor AvakianLyon Stahl Investment Real EstateMore Info
916-996-4421

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