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

$940,000 Sold Price as of 11/30/2021
  • 5 Beds
  • 5 Baths
  • 4,188 Sq.Ft.
Sold
$940,000 Sold Price as of 11/30/2021 Refinance Your Mortgage
Map preview of 239 W 43Rd St, Los Angeles, CA 90037

Property Overview: 239 W 43Rd St Los Angeles, CA has 5 bedrooms, 5 bathrooms, 4,188 living square feet and 6,352 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 239 43rd St is the perfect opportunity for an investor to own near Downtown and USC. Offered at $230 a sq ft, this value-add opportunity has at least 30% upside in gross monthly income. The subject property boasts amazing floor plans. The front building has four huge 1 bedroom units averaging over 900 sq ft, each with a dining room, living room(all being used as an additional bedroom), kitchen, den and bathroom. The two units on top even have their own private balcony. The back building is a very private 500 sq ft 1-bedroom/1-bath bungalow style unit with its own yard, living room, and kitchen. At such a low price per sq ft, this is the perfect investment to own near USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art’s District, the Reef, Banc of California Stadium, LA Live, as well as billions of dollars’ worth of developments currently in the works!

Listed by Stephen Takahashi | BRE #01944770 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 15 minutes ago | Last updated: October 24th, 2023 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
6,352
HOA Dues
$0/mo
Year built
1911
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB21194636
City
Los Angeles
County
Los Angeles
Time on Site
987 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,191
  • Total Rent: $1,191
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $817
  • Total Rent: $817
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,204
  • Total Rent: $1,204
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,212
  • Total Rent: $1,212
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,134
  • Total Rent: $1,134
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $66,696
  • Net Operating Income: $38,540
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $24,821
  • Electric: $1,000
  • Gas/Fuel: $1,000
  • New Taxes: $12,063
  • Trash: $1,000
  • Gardener: $1,200
  • Insurance: $2,223
  • Maintenance: $2,001
  • Professional Management: $3,335
  • Water/Sewer: $1,000

Property Details for 239 W 43Rd St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Westbound of interstate 110 & Northbound of E Vernon Ave
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains
View more facts & features

Local Los Angeles Agent

Sale History for 239 W 43Rd St

Last sold for $940,000 on November 30th, 2021

  • October, 2023

  • Oct 24, 2023

    Date

    Canceled

    CRMLS: PV23069058

    $945,000

    Price

  • Apr 24, 2023

    Date

    Active

    CRMLS: PV23069058

    $1,000,000

    Price

  • Listing provided courtesy of CRMLS

    239 W 43rd St presents an exceptional opportunity for savvy investors seeking a strategic location close to Downtown and USC. Priced below replacement cost, this property offers immense potential for value enhancement, projecting over 30% increase in gross monthly income. The property showcases well-designed floor plans that are truly remarkable. The front building comprises four expansive 1-bedroom units, averaging over 900 sq ft each. These units feature a dining room, a living room (currently repurposed as an extra bedroom), a kitchen, a den, and a bathroom. The two upper units enjoy the added feature of private balconies. The rear building takes the form of a secluded 500 sq ft 1-bedroom/1-bath bungalow-style unit, complete with its own yard, living room, and kitchen. With an attractively low price per square foot, this investment offers an ideal proposition for ownership within close proximity to USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art’s District, the Reef, Banc of California Stadium, LA Live, and a plethora of other substantial new developments worth billions of dollars.

  • December, 2021

  • Dec 3, 2021

    Date

    Sold

    CRMLS: SB21194636

    $940,000

    Price

  • Sep 14, 2021

    Date

    Pending

    CRMLS: SB21194636

    $965,000

    Price

  • Sep 13, 2021

    Date

    Active Under Contract

    CRMLS: SB21194636

    $965,000

    Price

  • Sep 13, 2021

    Date

    Pending

    CRMLS: SB21194636

    $965,000

    Price

  • Sep 7, 2021

    Date

    Active

    CRMLS: SB21194636

    $965,000

    Price

  • Sep 2, 2021

    Date

    Coming Soon

    CRMLS: SB21194636

    $965,000

    Price

  • August, 2021

  • Aug 7, 2021

    Date

    Withdrawn

    CRMLS: 21757328

    $965,000

    Price

  • Jul 6, 2021

    Date

    Active

    CRMLS: 21757328

    $965,000

    Price

  • Listing provided courtesy of CRMLS

    This property has major upside in an Great location. Priced at low PSF of $230, it represents rare value for USC area. It is a mile to LA Coliseum and the new Bank of California Stadium, 1.4 miles from USC campus. It has 4 huge 1BR/1BA units in front and a small charming 1BR/1BA cottage in rear. The front units have balconies or porches and the cottage has a small gated front yard. The units are separately metered for electric and gas and there is one tandem parking space in the front. The property has been professionally managed since 2018 and recent improvements have been made to sewer, electrical, and cottage roof

  • July, 2021

  • Jul 6, 2021

    Date

    Canceled

    CRMLS: 21713538

    $995,000

    Price

  • Apr 1, 2021

    Date

    Active

    CRMLS: 21713538

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT UPSIDE!! This charming 5 unit Craftsman style building has great aesthetics and 35% rent upside in the shadows of USC. The 4 units in the front are Huge, over 900 SF each and are large enough to be converted to 2 BR's (buyer to do their own due diligence with city). They feature balconies on the upper floor and porches below. The rear cottage is a self contained, attractive bungalow that has had some updates including new roof, and paint. The building is professionally managed and has had several recent improvements including updated electrical and sewer line. Tenants pay gas, electric and trash so expenses can be kept low.

  • August, 2018

  • Aug 10, 2018

    Date

    Sold

    CRMLS: 18348452

    $775,000

    Price

  • Jul 7, 2018

    Date

    Pending

    CRMLS: 18348452

    $830,000

    Price

  • Jun 26, 2018

    Date

    Price Change

    CRMLS: 18348452

    $830,000

    Price

  • May 29, 2018

    Date

    Active

    CRMLS: 18348452

    $860,000

    Price

  • Listing provided courtesy of CRMLS

    5 Unit Craftsman treasure near USC. There are (4) 1000 SF units in front with hard wood floors, high ceilings and large balconies and porches. In addition, there is a charming cottage in the rear with private yard new roof and many updates. The electrical service has been recently updated, and tenants pay for gas, electricity and trash. Great location1 mile from USC, LA Coliseum, and the new Bank of California soccer stadium

  • August, 2018

  • Aug 10, 2018

    Date

    Sold (Public Records)

    Public Records

    $775,000

    Price

  • September, 2017

  • Sep 2, 2017

    Date

    Expired

    CRMLS: DW16124957

    $719,900

    Price

  • Jun 10, 2016

    Date

    Price Change

    CRMLS: DW16124957

    $719,900

    Price

  • Listing provided courtesy of CRMLS

    DONT MISS OUT ON THIS WEALTH BUILDING INVESTMENT OPPORTUNITY!!! This UPGRADED Multi-Family 5 UNIT has COPPER PLUMBING and EACH UNIT IS INDIVIDUALLY METERED FOR GAS AND ELECTRICITY. STRUCTURE #1 FEATURES: FOUR LARGE 1 BEDROOM / 1 BATH UNITS with convertible dens and porch or balcony; STRUCTURE #2 FEATURES: A remodeled gated 1 bedroom / 1 bath home with new roof and small yard. Centrally located this property is ideal for USC students as it is just a bike ride away to USC, minutes to L.A. Live, Stable Center, Fashion District, freeways and transportation. BUYER TO COOPERATE WITH 1031 EXCHANGE. This Property is subject to L.A. Housing Department Rent Stabilization Ordinance.

  • June, 2010

  • Jun 30, 2010

    Date

    Sold (Public Records)

    Public Records

    $375,000

    Price

Show More

Tax History for 239 W 43Rd St

Assessed Value (2020): $790,500
Year Land Value Improved Value Assessed Value
2020 $408,000 $382,500 $790,500

Home Value Compared to the Market

This property vs the competition

239 W 43Rd St sold on November 30, 2021 for 18.91% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $230.42 per/sqft which puts the price per square foot 69.48% lower than the current median sale per square foot for the city of Los Angeles.

About 239 W 43Rd St

Detailed summary of property

239 W 43Rd St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 5 bedrooms, 5 bathrooms, roughly 4,188 living square feet, and sits on an approximately 6,352 square foot lot. 239 W 43Rd St was first listed on ArdentRealEstateGroup.com on September 3, 2021. The homeowner sold the property for $940,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 18.91% lower than the current median priced home. Local homes that are currently for sale include 4701 Avalon Blvd, 862 W 41st St and 217 W 57th St. While the average home in Los Angeles, CA is selling in 94 days, 239 W 43Rd St has a days on market of 6 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 239 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 239 W 43Rd St

Public county record property details
Beds
5
Baths
5
Year built
1911
Sq. Ft.
4,188
Lot Size
6,351
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
5111-014-020

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.
$517
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
32
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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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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