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    1559 E 43Rd Street

    Los Angeles (City), CA 90011
    • $729,500
    • STATUS: Active
    • ON SITE: 110 days
    • ID#: 21678568
    UPDATED: 65 min ago
    $729,500
    • 0
      BEDS
    • 0.11
      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 California Regional Multiple Listing Service, Inc. as of 2021-05-09T20:31:48.88. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/113376756
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    1559 E 43Rd Street Los Angeles (City), CA 90011

    • Price: $729,500
    • Status: Active
    • Updated: 65 min ago
    • ID#: 21678568
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,005
    SQFT
    $364
    $/SQFT
    1910
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - 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

    Parking Features Assigned

    Interior Features

    Cooling Central Air Cooling YN Yes Heating None Heating YN No

    Property Features

    Gross Income 49032 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 34322 Senior Community YN No Special Listing Conditions Standard Total Actual Rent 49032 Vacancy Allowance Rate 0 Zoning Lar2

    Listing provided courtesy of Eliza Kerndian of Keller Williams Realty Westside


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-09T20:31:48.88. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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