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

$975,000
  • 5 Beds
  • 4 Baths
  • 2,566 Sq.Ft.
For Sale
$975,000 Get Pre-Qualified

Map preview of 242 W 43Rd St, Los Angeles, CA 90037

Property Overview: 242 W 43Rd St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,566 living square feet and 6,349 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great Investment Opportunity. We are pleased to present this Classic California Craftsman Mansion style property located at 242-244 W. 43rd Street. A Multi - Family residential property comprising of three on a lot. (1) 3-/bdr, 2 bath, SFR, (1) Bedroom, 1 bath SFR, and (1) Bedroom Apartment, (1) bath. The front building is a 2-story structure housing with 3 bedrooms upstairs , living room, dining room, kitchen , 1/2 bath, laundry room downstairs. (1) SFR bedroom house in the back and (1) bedroom apartment with separate entrance on side of front house. Tenants are all long -term with current Section 8 contracts. Ample street parking and in driveway. Centrally located , nearby USC, DTLA, BMO stadium and other attractions.

Listed by Edna Briscoe | BRE #02118986 | Forward Real Estate
Last checked: 8 minutes ago | Last updated: September 6th, 2024 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
6,349
HOA Dues
$0/mo
Year built
1916
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24433179
City
Los Angeles
County
Los Angeles
Time on Site
20 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,675
  • Total Rent: $2,675
  • Pro Forma/Market Rent: $2,675
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,430
  • Total Rent: $1,430
  • Pro Forma/Market Rent: $1,430
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $62,640
  • Gross Operating Income: $69,060
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 242 W 43Rd St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Zoned
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Electric, Dining Room, Kitchen, Living Room, Bath
Room Information
  • Flooring: Tile
  • Basement
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two, One
  • Security Features: Fire Sprinkler System, Fire and Smoke Detection System, Carbon Monoxide Detector(s), Window Bars
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway, Street
Lot Information
  • Lot Features: Back Yard, Front Yard, Lawn
Property Information
  • Has View
  • Total # of Units: 3
  • Parcel Number: 5111013008
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of 110 Frwy. Located Between Main & Broadway
View more facts & features

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Sale History for 242 W 43Rd St

View property's historical transactions
  • August, 2024

  • Aug 29, 2024

    Date

    Active

    CRMLS: 24433179

    $975,000

    Price

Tax History for 242 W 43Rd St

Assessed Value (2020): $181,026
Year Land Value Improved Value Assessed Value
2020 $87,015 $94,011 $181,026

Home Value Compared to the Market

This property vs the competition

242 W 43Rd St is listed 18.75% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $379.97 per/sqft which puts the price per square foot 50.52% lower than the median price per square foot for the city of Los Angeles.

About 242 W 43Rd St

Detailed summary of property

242 W 43Rd St is a multi family located in Los Angeles, CA 90037 and is currently for sale. This multi family property offers 5 bedrooms, 4 bathrooms, roughly 2,566 living square feet, and sits on an approximately 6,349 square foot lot. 242 W 43Rd St was first listed on ArdentRealEstateGroup.com on August 30, 2024. The homeowner is currently asking $975,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 18.75% lower than the median priced home. Local competing homes currently for sale include 4355 S Avalon Blvd, 872 W 42nd Pl and 862 W 41st St. While the average home in Los Angeles, CA is selling in 106 days, 242 W 43Rd St has a days on market of 20 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 242 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 242 W 43Rd St

Public county record property details
Beds
4
Baths
3
Year built
1916
Sq. Ft.
2,566
Lot Size
6,347
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5111-013-008

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
$688,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
36
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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.