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$1,525,000

Beds
Unknown
sq ft
Unknown

1162 E 43rd Pl, Los Angeles, CA 90011

1162 E 43rd Pl

Los Angeles, CA 90011

  • 35 days on market
Great cash flow property with huge upside too. 7.5% cash on cash return with current rents and management fee included, 7.1% cap rate. Many upgrades over the years including, Newer roof on both buildings, Copper water pipes, Vinyl windows, new external stairs to top unit in the back building. Possible conversion of garages currently used for storage to ADU to make 7 or 8 units, check with city for allowances. Located in a strong rental area in South Central Area with a great unit mix of five 3 Bdrm and 1 Bath units. Walkable score of 83. Property is separate metered for Gas and Electric and consists of two buildings, a 4-plex up front and duplex along with a 4 car garage in the back. Front 4 units have been converted to 3 bedrooms but third bedroom can easily be used as a living room as well, Buyer to verify permits for all changes and improvements. Market rents shown are for Section 8 approved 2 bedroom units. Garages currently used for storage.

Details

Property type

Mixed Use

Lot size

6,981 sq ft

Price per sq ft

Unknown

Year built

1954

HOA

No

Price History

11/18/2024
CRMLS

CRMLS #PW24235975

Listed
$1,525,000
+12.96%
04/18/2024
CRMLS

CRMLS #PW23204915

Removed
$1,350,000
03/14/2024
CRMLS

CRMLS #PW23204915

Price change
$1,350,000
-2.53%

Schools & Community

Neighborhood: 

Central City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Greenpoint Mortgage Funding Inc

Loan start date

September 2007

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

6.68%

Loan type

Commercial, 30 year

Seller

Bob Chan

Lender

The Naomi A Weidner Living Trust

Loan start date

July 2003

Original loan amount

$69,500

Est. remaining balance

Not provided

Interest rate

5.34%

Loan type

Commercial

Seller

Bob Chan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 2:50 AM

Listing updated: 12/05/2024 at 3:11 AM

Listed by: Richard Bell, Bell Realty Group Phone #: (714) 309-3549

MLS: CRMLS #PW24235975

CRMLS logo

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