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402 E 43Rd Pl, Los Angeles, CA 90011
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402 E 43Rd Pl Los Angeles, CA 90011

$825,000 Sold Price as of 04/03/2024
  • 4 Beds
  • 3 Baths
  • 1,918 Sq.Ft.
Sold
$825,000 Sold Price as of 04/03/2024 Refinance Your Mortgage
Map preview of 402 E 43Rd Pl, Los Angeles, CA 90011

Property Overview: 402 E 43Rd Pl Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,918 living square feet and 4,999 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Back on the Market Buyer could not perform due to loss of work!! Beautifully updated Tri-plex!!! This is a must see, with Recently Updated Electrical, Plumbing, Roof, Bathrooms and Kitchens TOO MANY UPDATES TO LIST. Great opportunity to invest and just collect rent. All units are tenant occupied. Two of the three units are Section 8 tenants and are paying market rents. Third tenant has been paying on time for many years. Please drive by this one will not last and its at a 7% Cap Rate.

Listed by Edmar Costa | BRE #01474018 | Engel & Volkers Beverly Hills
Last checked: 3 minutes ago | Last updated: April 3rd, 2024 | Source CRMLS | DOM: 127

Home details

Lot Sq. Ft
4,999
HOA Dues
$0/mo
Year built
1907
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23314275
City
Los Angeles
County
Los Angeles
Time on Site
284 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $946
  • Total Rent: $946
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,320
  • Total Rent: $2,320
  • Pro Forma/Market Rent: $2,320
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,853
  • Total Rent: $2,853
  • Pro Forma/Market Rent: $2,853
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.1%
  • Gross Rent Multiplier: 11.3
  • Gross Scheduled Income: --
  • Net Operating Income: $57,655
  • Gross Operating Income: $72,832
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 402 E 43Rd Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Ceiling Fan(s)
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 3
  • Parcel Number: 5113015011
  • Year Built Source: Assessor
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of S. San Pedro & North of W. Vernon Av.e
View more facts & features

Local Los Angeles Agent

Sale History for 402 E 43Rd Pl

Last sold for $825,000 on April 3rd, 2024

  • April, 2024

  • Apr 3, 2024

    Date

    Sold

    CRMLS: 23314275

    $825,000

    Price

  • Sep 22, 2023

    Date

    Active

    CRMLS: 23314275

    $769,999

    Price

  • January, 2023

  • Jan 30, 2023

    Date

    Sold

    CRMLS: 22214697

    $470,000

    Price

  • Nov 4, 2022

    Date

    Active

    CRMLS: 22214697

    $530,000

    Price

  • Listing provided courtesy of CRMLS

    Fixer!!!Fixer with a lot of upside. Three units priced to move. A must see!!

  • September, 2022

  • Sep 23, 2022

    Date

    Canceled

    CRMLS: 22143739

    $650,000

    Price

  • Apr 5, 2022

    Date

    Active

    CRMLS: 22143739

    $739,000

    Price

  • Listing provided courtesy of CRMLS

    Cash Flowing Triplex with Prime Redevelopment Opportunity! Located South of Downtown Los Angeles and USC in a desirable rental area of South Park, this three-unit property offers value-add investors the opportunity to get nearly 80% rental upside. All three units are 1 Bed 1 Bath units and are all occupied. The property also sits on a C2 zoned lot, primed for redevelopment now or in the future with favorable zoning. Please call for any additional information.

  • September, 2009

  • Sep 17, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2004

  • Sep 29, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 402 E 43Rd Pl

Assessed Value (2020): $325,904
Year Land Value Improved Value Assessed Value
2020 $210,863 $115,041 $325,904

Home Value Compared to the Market

This property vs the competition

402 E 43Rd Pl sold on April 3, 2024 for 35.24% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $430.14 per/sqft which puts the price per square foot 45.62% lower than the current median sale per square foot for the city of Los Angeles.

About 402 E 43Rd Pl

Detailed summary of property

402 E 43Rd Pl is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 1,918 living square feet, and sits on an approximately 4,999 square foot lot. 402 E 43Rd Pl was first listed on ArdentRealEstateGroup.com on September 22, 2023. The homeowner sold the property for $825,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 35.24% lower than the current median priced home. Local homes that are currently for sale include 232 W 49th St, 4918 Wadsworth Ave and 116 W 52nd Pl. While the average home in Los Angeles, CA is selling in 100 days, 402 E 43Rd Pl has a days on market of 127 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 402 E 43Rd Pl Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 402 E 43Rd Pl

Public county record property details
Beds
3
Baths
3
Year built
1907
Sq. Ft.
1,918
Lot Size
4,998
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
44
APN
5113-015-011

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$640,000
Median List Price/Sq.Ft.
$486
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$485
Total Inventory
47
Median Sale to List Price %
111.69%
Avg Days on Market
8
Loan Type
Conventional (16.67%), FHA (33.33%), VA (0%), Cash (0%), Other (33.33%)

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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