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612 E 43rd St, Los Angeles, CA 90011
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612 E 43rd St Los Angeles, CA 90011

$726,375 Sold Price as of 05/19/2023
  • 5 Beds
  • 2 Baths
  • 2,469 Sq.Ft.
Sold
$726,375 Sold Price as of 05/19/2023 Refinance Your Mortgage
Map preview of 612 E 43rd St, Los Angeles, CA 90011

Property Overview: 612 E 43rd St Los Angeles, CA has 5 bedrooms, 2 bathrooms, 2,469 living square feet and 5,760 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Opportunity to own a Duplex in Downtown LA. This C2-Commercially zoned lot is positioned within 10 minutes of University of Southern California campus and is also a short drive to other LA attractions like So-Fi stadium, LAFC-HQ and more. The 5,760 sqft lot consists of (1) front 3/1, (1) upper 1/1 and (1) rear 2/1 unit for a total of 2,469 sqft of living space and driveway with a total of 6 car parking available. Overall, this property presents an incredible opportunity for investors and developers alike. Act quickly before the potential in this property becomes someone else’s gain.

Listed by David Caskey | BRE #01198999 | eXp Realty of California Inc
Co-listed by Dean Alessi | BRE #02204679 | eXp Realty of California Inc
Last checked: 10 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
5,760
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Duplex
Status
Sold
MLS#
SB23033735
City
Los Angeles
County
Los Angeles
Time on Site
475 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,612
  • Total Rent: $1,612
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,435
  • Total Rent: $1,435
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.28%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $36,564
  • Net Operating Income: $31,064
  • Gross Operating Income: $36,564
Annual Expense Breakdown
  • Total Operating Expense: $8,500
  • Electric: $1,050
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,100
  • Water/Sewer: $1,700

Property Details for 612 E 43rd St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Individual Room, Washer Hookup
Room Information
  • Kitchen, Laundry, Living Room, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range, Microwave, Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Smoke Detector(s)
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: 6
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Front Yard, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5115010003
  • Year Built Source: Assessor
  • Foundation Details: Raised
  • Property is not 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: Off of Vernon and Avalon
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 612 E 43rd St

Last sold for $726,375 on May 19th, 2023

  • May, 2023

  • May 19, 2023

    Date

    Sold

    CRMLS: SB23033735

    $726,375

    Price

  • Mar 13, 2023

    Date

    Active

    CRMLS: SB23033735

    $725,000

    Price

  • January, 2023

  • Jan 1, 2023

    Date

    Expired

    CRMLS: 22142157

    $850,000

    Price

  • Apr 1, 2022

    Date

    Active

    CRMLS: 22142157

    $850,000

    Price

  • Listing provided courtesy of CRMLS

    We are proud to present this C2-Zoned, Tri-plex in-between South Park & Central Alameda located just minutes away from USC, SoFi Stadium, DTLA, the Fashion District, LAFC Soccer Stadium-The Fields, USC Village-Trader Joe's and many of LA's best attractions. This 2,469 square foot two story tri-plex was built in 1912 and has a unit mix consisting of (1) 3 bed 1 bath unit, (1) 2 bed 1 bath unit and (1) 1 bed 1 bath unit. The building is sitting on a 5,760 square foot lot with a total of 6 parking spaces in the driveway, situated on this very large lot poised for future additions such as ADU's, or Commercial/mixed use redevelopment and allowing for building up to 3 stories. All tenants are on month-to-month leases, with 1 unit being delivered vacant upon closing, providing owner users or investors incredible upside in rents and a potential to generate a 6.7% pro-forma cap rate.

  • March, 2020

  • Mar 4, 2020

    Date

    Sold

    CRMLS: DW19270694

    $593,000

    Price

  • Jan 20, 2020

    Date

    Pending

    CRMLS: DW19270694

    $584,000

    Price

  • Dec 21, 2019

    Date

    Active

    CRMLS: DW19270694

    $584,000

    Price

  • Dec 9, 2019

    Date

    Hold

    CRMLS: DW19270694

    $584,000

    Price

  • Dec 8, 2019

    Date

    Active

    CRMLS: DW19270694

    $584,000

    Price

  • Dec 1, 2019

    Date

    Hold

    CRMLS: DW19270694

    $584,000

    Price

  • Nov 23, 2019

    Date

    Active

    CRMLS: DW19270694

    $584,000

    Price

  • Listing provided courtesy of CRMLS

    Duplex in Los Angeles.

  • March, 2020

  • Mar 4, 2020

    Date

    Sold (Public Records)

    Public Records

    $593,000

    Price

  • February, 2013

  • Feb 21, 2013

    Date

    Sold (Public Records)

    Public Records

    $320,000

    Price

Show More

Tax History for 612 E 43rd St

Assessed Value (2020): $360,307
Year Land Value Improved Value Assessed Value
2020 $213,932 $146,375 $360,307

Home Value Compared to the Market

This property vs the competition

612 E 43rd St sold on May 19, 2023 for 35.84% 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 $293.64 per/sqft which puts the price per square foot 61.06% lower than the current median sale per square foot for the city of Los Angeles.

About 612 E 43rd St

Detailed summary of property

612 E 43rd St is a duplex that recently sold in Los Angeles, CA 90011. This duplex offered 5 bedrooms, 2 bathrooms, roughly 2,469 living square feet, and sits on an approximately 5,760 square foot lot. 612 E 43rd St was first listed on ArdentRealEstateGroup.com on March 13, 2023. The homeowner sold the property for $726,375. 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 35.84% lower than the current median priced home. Local homes that are currently for sale include 5123 S San Pedro, 210 W 47th St and 227 W 47th St. While the average home in Los Angeles, CA is selling in 99 days, 612 E 43rd St has a days on market of 34 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 612 E 43rd St 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 612 E 43rd St

Public county record property details
Beds
7
Baths
2
Year built
1912
Sq. Ft.
2,469
Lot Size
5,759
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5115-010-003

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
$555,000
Median Sold Price/Sq.Ft.
$484
Total Inventory
47
Median Sale to List Price %
100%
Avg Days on Market
12
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (25%)

Thinking of Selling?

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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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