Lupita 4 Homes
Address
1559 E 43Rd Street Los Angeles, CA
Price
$ 729,500
Property Attributes
  • MLS#21678568
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90011
  • Style
  • Price$ 729,500
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Eliza Kerndian with Keller Williams Realty Westside.
Data Source:
CRMLS
Property Description

This is an incredible opportunity to acquire solid income property with 50 % upside, consisting of one 3 Bed 1 Bath and 3 units 1 bedroom 1 bath, totaling 4 units in just east of Downtown LA. The units have long term tenants in place offering a new owner/investor to achieve more than 50 % upside potential in rent for returns in the future. There is tremendous value add opportunity as a savvy investor can achieve above market pro forma returns here. Low Expenses, ALL Tenants are paid up to date, Actual Yearly Gross $49,032, Cap rate 4.7 %, Close to Downtown Los Angeles near USC, Freeways, Parks & Recreation, and Restaurants & Shops.

Price History
1/19/2021 Listed $729,500

General Features

Cooling Central Air
Heating None
MLS Area C42 - Downtown L.A.
Parking Features Assigned
Property Type Residential Income
Total Actual Rent 49032
Total Units 4
Zoning LAR2

Interior Features

Air Conditioning Y/N Yes

Exterior Features

Lot Size Acres 0.11
Lot Size Area 5058
Lot Size Square Feet 5058
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90011

Price
AVG $1.06M
$730K
Visits
AVG 53
28
Year Built
AVG 1935
1910
Walkscore
AVG 78
72
Data Provided by Walkscore ® not using MLS data

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