807 W 43Rd St Los Angeles, CA 90037

$1,815,000 Sold Price as of 11/05/2019

-- Beds
8 Baths
8,464 Sq.Ft.

Off Market

$1,815,000 Sold Price as of 11/05/2019 Refinance Your Mortgage

Map preview of 807 W 43Rd St, Los Angeles, CA 90037

Property Overview: 807 W 43Rd St Los Angeles, CA has -- bedrooms, 8 bathrooms, 8,464 living square feet and 5,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

807 W 43Rd St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $249,800 for the down payment and will need roughly $24,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 807 W 43Rd St

Last sold for $1,815,000 on November 7th, 2019

November, 2019
Nov 8, 2019

Date

Sold

CRMLS: 19499628

$1,815,000

Price
Nov 8, 2019

Date

Active Under Contract

CRMLS: 19499628

$1,850,000

Price
Aug 14, 2019

Date

Active

CRMLS: 19499628

$1,850,000

Price
Listing provided courtesy of CRMLS

We are pleased to announce the sale of 807 West 43rd Street, an eight-unit multifamily property in Los Angeles, California that features a unit mix consisting entirely of three bedroom apartments. The spacious floorplans average nearly 1,050 square feet each, helping an owner to draw higher-paying tenants who wish to live near the numerous schools, churches, and parks in the immediate area. The most recent vacancy has been thoroughly renovated, providing a blueprint for a new owner to follow that could help to recapture the approximately 33 percent in rent upside. Even without investing in interior renovations, the property provides an owner with strong cash flow, with an in-place CAP Rate of 5.85 percent.Located just one mile from USC campus, near the intersection of Hoover Street and Vernon Avenue, the two buildings occupy one parcel. The property does not appear on the LADBS Seismic Retrofit List (Buyer to verify), which may help to minimize a new owner's maintenance expense

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November, 2019
Nov 5, 2019

Date

Sold (Public Records)

Public Records

$1,815,000

Price
September, 2019
Sep 12, 2019

Date

Expired

CRMLS: 18384796

$1,765,000

Price
Mar 7, 2019

Date

Withdrawn

CRMLS: 18384796

$1,765,000

Price
Feb 22, 2019

Date

Active Under Contract

CRMLS: 18384796

$1,765,000

Price
Jan 28, 2019

Date

Price Change

CRMLS: 18384796

$1,765,000

Price
Oct 29, 2018

Date

Price Change

CRMLS: 18384796

$1,865,000

Price
Sep 11, 2018

Date

Active

CRMLS: 18384796

$1,975,000

Price
Listing provided courtesy of CRMLS

807 W 43rd Street is located in the heart of South Los Angeles south of the new Bank of California Stadium at Exposition Park. This unique offering consists of two 1920's apartment buildings in an LAC2 zone. The property consists of 8 Ã‚Â± 1,050 square feet three bedroom/1 bathroom units on a Ã‚Â± 5,500 square foot lot and an Ã‚Â± 8,464 square foot building. 807 W 43rd Street offers an investor the opportunity to increase rental income by Ã‚Â± 45% upon any given vacancy. Unit 813 1/2 is going through a complete renovation and unit 807 1/2 is going through an eviction.

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September, 2018
Sep 5, 2018

Date

Canceled

CRMLS: 18377486

$1,600,000

Price
Aug 27, 2018

Date

Hold

CRMLS: 18377486

$1,600,000

Price
Aug 20, 2018

Date

Active

CRMLS: 18377486

$1,600,000

Price
Listing provided courtesy of CRMLS

807 W 43rd Street is located in the heart of South Los Angeles south of the new Bank of California Stadium at Exposition Park. This unique offering consists of two 1920's apartment buildings in an LAC2 zone. An astute purchaser will seek to add value with the renovation and modernization of the asset while securing a foothold against inflation in a low vacancy apartment market. South Los Angeles area rent growth and absorption continues to exceed expectations which is a testament to the location's strong fundamentals. The building is separately-metered for gas and electricity, keeping landlord expenses low and separating exposure to ever-increasing future energy costs. Moving forward, as South Los Angeles increases in attractiveness and density, 807 W 43rd Street's unrivaled upside should only multiply.The property consists of 8 Ã‚Â± 1,050 square feet three bedroom/1 bathroom units on a Ã‚Â± 5,500 square foot lot and an Ã‚Â± 8,464 square foot building.

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May, 2008
May 15, 2008

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 807 W 43Rd St

Assessed Value (2020): $1,815,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,615,000	$200,000	$1,815,000

About 807 W 43Rd St

Detailed summary of property

807 W 43Rd St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90037 and last sold on November 5, 2019 for $1,815,000. This property has -- bedrooms, 8 bathrooms, roughly 8,464 living square feet, and sits on an approximately 5,500 square foot lot. Homes 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 52.52% higher than the current median priced home. 807 W 43Rd St was last sold on November 5, 2019 for $1,815,000. Local nearby listings include 1147 W 39th Pl, 1330 W 46th St and 1233 W 51st Pl. The average home in Los Angeles, CA is selling in 94 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. If you are the homeowner and looking to sell the home at 807 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 807 W 43Rd St

Public county record property details

Beds: --
Baths: 8
Year built: 1925
Sq. Ft.: 8,464
Lot Size: 5,500
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 35
APN: 5019-006-006

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

Median Sale to List Price %

106.72%

Avg Days on Market

Loan Type

Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

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