6 Units 1162 E 43rd Pl. | 1162 E 43rd Pl
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6 Units 1162 E 43rd Pl. 1162 E 43rd Pl
6 Unit Apartment Building $2,142,137 CAD ($357,023 CAD/Unit) 7.06% Cap Rate Los Angeles, CA 90011
Executive Summary
Great cash flow property with huge upside too. 7.5% cash on cash return when current two vacancies rented at market rents. Units will be rent ready at Close of Escrow. 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. 7.1% Cap Rate on current rents. 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. 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. Drive by only.
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Property Facts
| Price | $2,142,137 CAD | Apartment Style | Low Rise |
| Price Per Unit | $357,023 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.06% | Building Size | 5,729 SF |
| Gross Rent Multiplier | 9.4 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment |
| Price | $2,142,137 CAD |
| Price Per Unit | $357,023 CAD |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| Gross Rent Multiplier | 9.4 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 5,729 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,551 CAD | - |
| 2+1 | 4 | $13,117 CAD | - |
| 3+1 | 1 | $4,287 CAD | - |
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Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 5115-034-011 | Improvements Assessment | $420,924 CAD |
| Land Assessment | $205,558 CAD | Total Assessment | $626,482 CAD |
PROPERTY TAXES
Parcel Number
5115-034-011
Land Assessment
$205,558 CAD
Improvements Assessment
$420,924 CAD
Total Assessment
$626,482 CAD
zoning
| Zoning Code | LAC2 (Five or More Units of Apartments) |
| LAC2 (Five or More Units of Apartments) |
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Richard Bell -
Bell Realty Group
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6 Units 1162 E 43rd Pl. | 1162 E 43rd Pl
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