1123 W 43rd Street
Los Angeles, CA 90037
- – beds
- – baths
- – sqft
- 5,402 sqft lot
- 1935 build
- – on site
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Proud to present 1123 W 43rd St, located at the heart of a culturally vibrant neighborhood of Southern Los Angeles. Built in 1935 this property consists of four TRUE-VALUE ADD units with 750 SF/each of living area on a sizeable 5,402 SF lot. An exceptional & unique true value-add investment opportunity located in the highly desirable opportunity zone on LAR-2 zoning with TOC Tier 3 density bonus. All while being just minutes away from USC and Exposition Park. The property is priced to sell at a high proforma CAP Rate and low price per unit compared to other properties. This offering consists of two easily maintained buildings after stabilization. Two large two-story duplexes with an efficient unit mix of four bedroom & one bath units. Each unit features about 750 sqft of living area & its own one-car garage which can also be utilized as storage units for additional income or future ADU potential. According to ownership the property has been vacant for over 10 years and has suffered plenty of deferred maintenance including fire damage at the end of 2022. The City of Los Angeles has red-tagged the building so the buyer must conduct their own due diligence. After the property has been rehabbed it offers tremendous upside potential at a low price per unit & high Proforma CAP Rate.
Last checked:
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Last updated Feb 7, 2025
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MLS# AR23035571 —
The Building
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Year Built:1935
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:3096.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:2
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:4
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# of Separate Water Meters:1
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# of Separate Electric Meters:4
Interior
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Laundry:None
Location
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Directions:On the corner of Walton Ave & 43rd St
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Latitude:34.00563400
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Longitude:-118.29448600
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LAR2
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Lot Features:0-1 Unit/Acre
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Lot Size Area:5402.0000
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Lot Size Acres:0.1240
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Lot Size SqFt:5402.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:A
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Tax Census Tract:2316.03
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Tax Tract:2316
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Tax Lot:9
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5020021018
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Neighborhood:Vermont Square
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Features:Biking
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:4.00
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Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/5/23
Jun 5, 2023
|
BRIDGE | $900,000 | ||
|
3/2/23
Mar 2, 2023
|
Listed / Active | CRMLS_CA | $900,000 |
