807 W 43rd Street

    Los Angeles (City), CA 90037
    • $1,850,000
    • STATUS: Active
    • ON SITE: 9 days
    • MLS #: 19499628
    UPDATED: 41 min ago
    $1,850,000
    • 24
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,464
      SQFT
    • $219
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    We are pleased to announce the sale of 807 West 43rd Street, an eight-unit multifamily property in Los Angeles, California that features a unit mix consisting entirely of three bedroom apartments. The spacious floorplans average nearly 1,050 square feet each, helping an owner to draw higher-paying tenants who wish to live near the numerous schools, churches, and parks in the immediate area. The most recent vacancy has been thoroughly renovated, providing a blueprint for a new owner to follow that could help to recapture the approximately 33 percent in rent upside. Even without investing in interior renovations, the property provides an owner with strong cash flow, with an in-place CAP Rate of 5.85 percent.Located just one mile from USC campus, near the intersection of Hoover Street and Vernon Avenue, the two buildings occupy one parcel. The property does not appear on the LADBS Seismic Retrofit List (Buyer to verify), which may help to minimize a new owner's maintenance expense

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    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The John Jay Group - Bennion Deville Homes. Based on information from the California Desert Association of Realtors as of 2019-08-23T17:42:52.167. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.searchdesertrealestate.com/homes/97921904

    807 W 43rd Street Los Angeles (City), CA 90037

    • Price: $1,850,000
    • Status: Active
    • Updated: 41 min ago
    • MLS #: 19499628
    24
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    8,464
    SQFT
    $219
    $/SQFT
    1925
    Built
    Neighborhood:
    Los Angeles SW
    County:
    Los Angeles
    Area:
    Los Angeles SW
    Property Description
    We are pleased to announce the sale of 807 West 43rd Street, an eight-unit multifamily property in Los Angeles, California that features a unit mix consisting entirely of three bedroom apartments. The spacious floorplans average nearly 1,050 square feet each, helping an owner to draw higher-paying tenants who wish to live near the numerous schools, churches, and parks in the immediate area. The most recent vacancy has been thoroughly renovated, providing a blueprint for a new owner to follow that could help to recapture the approximately 33 percent in rent upside. Even without investing in interior renovations, the property provides an owner with strong cash flow, with an in-place CAP Rate of 5.85 percent.Located just one mile from USC campus, near the intersection of Hoover Street and Vernon Avenue, the two buildings occupy one parcel. The property does not appear on the LADBS Seismic Retrofit List (Buyer to verify), which may help to minimize a new owner's maintenance expense
    Exterior Features

    Carport Or Covered Spaces 0 Pool No Total Other Spaces 0 Total Parking Spaces 0

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 8.00 Cooling Type Air ConditioningCeiling Fan(S) Entry Level 0 Heating Type Other

    Property Features

    Act Total Rent 0.00 Adj Gross Income 160131.00 Annual Gross Rent 0.00 Annual Land Lease Amount 0.00 Green Year Certified 0 Gross Annual Income 0.00 Gross Operating Inc 165084.00 Gross Schedule Inc 0.00 Lot Size Source (Assessor) Monthly Gross Income 0.00 Net Operating Inc 108199.00 Number Of Buildings 2 Operating Expenses 0.00 Property Subtype Residential Income Realtor Association Palm Springs Assocation Of Realtors Sale Type Standard Sale Square Footage Source Assessor Tax Rate 0.00 Total Annual Op Exp 51932.00 Total Taxes 0.00

    Listing information © 2019 California Desert Association of Realtors.
    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap.
    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The John Jay Group - Bennion Deville Homes. Based on information from the California Desert Association of Realtors as of 2019-08-23T17:42:52.167. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
    The John Jay Group - Bennion Deville Homes
    74996 Highway 111
    Indian Wells CA, 92210