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    1559 E 43Rd St

    Los Angeles, CA 90011
    • $729,500
    • STATUS: Active
    • ON SITE: 36 days
    • MLS #: 21-678568
    UPDATED: 62 min ago
    $729,500
    • 6
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,005
      SQFT
    • $364
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    This is an incredible opportunity to acquire solid income property with 50 % upside, consisting of one 3 Bed 1 Bath and 3 units 1 bedroom 1 bath, totaling 4 units in just east of Downtown LA. The units have long term tenants in place offering a new owner/investor to achieve more than 50 % upside potential in rent for returns in the future. There is tremendous value add opportunity as a savvy investor can achieve above market pro forma returns here. Low Expenses, ALL Tenants are paid up to date, Actual Yearly Gross $49,032, Cap rate 4.7 %, Close to Downtown Los Angeles near USC, Freeways, Parks & Recreation, and Restaurants & Shops.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T11:42:33.69. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/113376243
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    1559 E 43Rd St Los Angeles, CA 90011

    • Price: $729,500
    • Status: Active
    • Updated: 62 min ago
    • MLS #: 21-678568
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,005
    SQFT
    $364
    $/SQFT
    1910
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    This is an incredible opportunity to acquire solid income property with 50 % upside, consisting of one 3 Bed 1 Bath and 3 units 1 bedroom 1 bath, totaling 4 units in just east of Downtown LA. The units have long term tenants in place offering a new owner/investor to achieve more than 50 % upside potential in rent for returns in the future. There is tremendous value add opportunity as a savvy investor can achieve above market pro forma returns here. Low Expenses, ALL Tenants are paid up to date, Actual Yearly Gross $49,032, Cap rate 4.7 %, Close to Downtown Los Angeles near USC, Freeways, Parks & Recreation, and Restaurants & Shops.
    Exterior Features

    Lot Size Area 5058 Other Structures None Parking Garage Assigned Total Parking 4

    Interior Features

    Baths Total 4.00 Cooling Central Equipment None Heating None

    Property Features

    Gross Income 49032 Gross Operating Income 49032 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 34322.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 14710 Type Of Units Multi Family Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar2

    Listing provided courtesy of Eliza Kerndian DRE#01398836 of Keller Williams Realty Westside.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T11:42:33.69. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211