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1123 W 43Rd St, Los Angeles, CA 90037
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1123 W 43Rd St Los Angeles, CA 90037

$850,000 Sold Price as of 07/21/2023
  • 4 Beds
  • 4 Baths
  • 3,096 Sq.Ft.
Sold
$850,000 Sold Price as of 07/21/2023 Refinance Your Mortgage
Map preview of 1123 W 43Rd St, Los Angeles, CA 90037

Property Overview: 1123 W 43Rd St Los Angeles, CA has 4 bedrooms, 4 bathrooms, 3,096 living square feet and 5,402 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Proud to present 1123 W 43rd St, located at the heart of a culturally vibrant neighborhood of Southern Los Angeles. Built in 1935 this property consists of four TRUE-VALUE ADD units with 750 SF/each of living area on a sizeable 5,402 SF lot. An exceptional & unique true value-add investment opportunity located in the highly desirable opportunity zone on LAR-2 zoning with TOC Tier 3 density bonus. All while being just minutes away from USC and Exposition Park. The property is priced to sell at a high proforma CAP Rate and low price per unit compared to other properties. This offering consists of two easily maintained buildings after stabilization. Two large two-story duplexes with an efficient unit mix of four bedroom & one bath units. Each unit features about 750 sqft of living area & its own one-car garage which can also be utilized as storage units for additional income or future ADU potential. According to ownership the property has been vacant for over 10 years and has suffered plenty of deferred maintenance including fire damage at the end of 2022. The City of Los Angeles has red-tagged the building so the buyer must conduct their own due diligence. After the property has been rehabbed it offers tremendous upside potential at a low price per unit & high Proforma CAP Rate.

Listed by Abel Benitez | BRE #02173463 | GIG Real Estate Inc.
Co-listed by Marc Schwartz | BRE #01515007 | GIG Real Estate Inc.
Last checked: 13 minutes ago | Last updated: July 21st, 2023 | Source CRMLS | DOM: 96

Home details

Lot Sq. Ft
5,402
HOA Dues
$0/mo
Year built
1935
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
AR23035571
City
Los Angeles
County
Los Angeles
Time on Site
481 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $6,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Workman's Comp: $0
  • Water/Sewer: $0

Property Details for 1123 W 43Rd St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5020021018
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: On the corner of Walton Ave & 43rd St
Neighborhood Information
  • Community Features: Biking
View more facts & features

Local Los Angeles Agent

Sale History for 1123 W 43Rd St

Last sold for $850,000 on July 21st, 2023

  • July, 2023

  • Jul 21, 2023

    Date

    Sold

    CRMLS: AR23035571

    $850,000

    Price

  • Mar 2, 2023

    Date

    Active

    CRMLS: AR23035571

    $900,000

    Price

  • September, 2016

  • Sep 6, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1123 W 43Rd St

Assessed Value (2020): $530,603
Year Land Value Improved Value Assessed Value
2020 $371,422 $159,181 $530,603

Home Value Compared to the Market

This property vs the competition

1123 W 43Rd St sold on July 21, 2023 for 20.35% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $290.7 per/sqft which puts the price per square foot 61.45% lower than the current median sale per square foot for the city of Los Angeles.

About 1123 W 43Rd St

Detailed summary of property

1123 W 43Rd St is a fourplex that recently sold in Los Angeles, CA 90037. This fourplex offered 4 bedrooms, 4 bathrooms, roughly 3,096 living square feet, and sits on an approximately 5,402 square foot lot. 1123 W 43Rd St was first listed on ArdentRealEstateGroup.com on March 3, 2023. The homeowner sold the property for $850,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 20.35% lower than the current median priced home. Local homes that are currently for sale include 227 W 47th St, 228 W 47th Pl and 210 W 47th St. While the average home in Los Angeles, CA is selling in 98 days, 1123 W 43Rd St has a days on market of 96 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 1123 W 43Rd St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1123 W 43Rd St

Public county record property details
Beds
4
Baths
4
Year built
1935
Sq. Ft.
3,096
Lot Size
5,402
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5020-021-018

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$491
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$543
Total Inventory
29
Median Sale to List Price %
100%
Avg Days on Market
41
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (25%), Other (25%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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