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722 W 43rd Pl, Los Angeles, CA 90037
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722 W 43rd Pl Los Angeles, CA 90037

$735,000 Sold Price as of 06/29/2020
  • 7 Beds
  • 4 Baths
  • 2,860 Sq.Ft.
Sold
$735,000 Sold Price as of 06/29/2020 Refinance Your Mortgage
Map preview of 722 W 43rd Pl, Los Angeles, CA 90037

Property Overview: 722 W 43rd Pl Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,860 living square feet and 6,008 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Money generating quadruplex just south of USC and the Coliseum. 7% cap rate!!!!! Property has a front house that's 3 bedrooms and one bath and three other units in the rear building, which includes a 2 bedroom unit and two 1 bedroom apartments. There's a 2 car garage and parking for three more cars. The property has had several improvements in the past couple years such as new gas lines, new water lines, 2 new electric garage door openers, new windows, a couple bathrooms were fixed up, a couple new heaters, and 3 new electrical panels. The property grosses $5,600 in monthly rent.

Listed by Michael Berdelis | BRE #01234589 | 24 Hour Real Estate
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
6,008
HOA Dues
$0/mo
Year built
1910
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
DW20069861
City
Los Angeles
County
Los Angeles
Time on Site
1222 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: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,545
  • Total Rent: $1,545
  • Pro Forma/Market Rent: $1,545
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,455
  • Total Rent: $1,455
  • Pro Forma/Market Rent: $1,455
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.04%
  • Gross Rent Multiplier: 10.85
  • Gross Scheduled Income: $67,200
  • Net Operating Income: $51,326
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $15,874
  • Gas/Fuel: $1,200
  • New Taxes: $9,111
  • Trash: $1,500
  • Gardener: $800
  • Insurance: $1,173
  • Water/Sewer: $2,000

Virtual Tour

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Property Details for 722 W 43rd Pl

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
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 Garage Spaces: 2
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Front Yard, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5019009026
  • 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: N. of Vermont, E. of Figueroa
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 722 W 43rd Pl

Last sold on August 14th, 2020

  • August, 2020

  • Aug 14, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2020

  • Jun 29, 2020

    Date

    Sold

    CRMLS: DW20069861

    $735,000

    Price

  • Apr 21, 2020

    Date

    Pending

    CRMLS: DW20069861

    $728,888

    Price

  • Apr 15, 2020

    Date

    Hold

    CRMLS: DW20069861

    $728,888

    Price

  • Apr 9, 2020

    Date

    Active

    CRMLS: DW20069861

    $728,888

    Price

  • June, 2020

  • Jun 25, 2020

    Date

    Sold (Public Records)

    Public Records

    $735,000

    Price

Show More

Tax History for 722 W 43rd Pl

Assessed Value (2020): $60,016
Year Land Value Improved Value Assessed Value
2020 $35,976 $24,040 $60,016

Home Value Compared to the Market

This property vs the competition

722 W 43rd Pl sold on June 29, 2020 for 38.75% 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 $254.86 per/sqft which puts the price per square foot 66.24% lower than the current median sale per square foot for the city of Los Angeles.

About 722 W 43rd Pl

Detailed summary of property

722 W 43rd Pl is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 2,860 living square feet, and sits on an approximately 6,008 square foot lot. 722 W 43rd Pl was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $735,000. 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 38.75% lower than the current median priced home. Local homes that are currently for sale include 1507 W 51St St, 1507 W 51St St and 1452 W 53rd St. While the average home in Los Angeles, CA is selling in 92 days, 722 W 43rd Pl has a days on market of 4 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 722 W 43rd Pl 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 722 W 43rd Pl

Public county record property details
Beds
4
Baths
4
Year built
1910
Sq. Ft.
2,860
Lot Size
6,007
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
58,59
APN
5019-009-026

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%)

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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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