Great cash flow property with huge upside too. 11.8% cash on cash return with current rents. 8.3% cap rate. Many upgrades over the years including, Newer roof on both buildings, Copper water pipes, Vinyl windows, new external stairs to top unit in the back building. Possible conversion of garages currently used for storage to ADU to make 7 or 8 units, check with city for allowances. Located in a strong rental area in South Central Area with a great unit mix of five 3 Bdrm and 1 Bath units. Walkable score of 83. Property is separate metered for Gas and Electric and consists of two buildings, a 4-plex up front and duplex along with a 4 car garage in the back. Front 4 units have been converted to 3 bedrooms but third bedroom can easily be used as a living room as well, Buyer to verify permits for all changes and improvements. Market rents shown are for Section 8 approved 2 bedroom units. Garages currently used for storage.
Sold for $1,380,000
Listed by: Bell Realty Group • Richard Bell • Contact: 714-447-4900
Bought with: Re/Max All-Pro
$1,380,000
1162 E 43rd Pl, Los Angeles, CA 90011
12beds
6baths
5,729sqft
Multi Family
Built in 1954
-- sqft lot
$-- Zestimate®
$241/sqft
$4,160 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,160/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Richard Bell DRE #01344469 714-309-3549,
Bell Realty Group
Bought with:
Jaime Meza, DRE #01747438
Re/Max All-Pro
Source: CRMLS,MLS#: PW24235975
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: None
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 5,729
- Total interior livable area: 5,729 sqft
Property
Parking
- Total spaces: 4
- Parking features: None
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
- Spa features: None
- Fencing: Chain Link,Grapestake
Lot
- Size: 6,981 Square Feet
- Features: 6-10 Units/Acre
Details
- Parcel number: 5115034011
- Zoning: LAC2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Roof: Flat
Condition
- Termite Clearance
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Storm Drain(s), Street Lights, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $241/sqft
- Tax assessed value: $463,445
- Annual tax amount: $6,371
- Date on market: 11/18/2024
- Cumulative days on market: 168 days
- Listing terms: Cash,Cash to New Loan
- Total actual rent: 13666
- Tenant pays: Cable TV, Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2025 | Sold | $1,380,000+288.7%$241/sqft |
Source:  CRMLS #PW24235975 Report a problem | ||
| 3/24/2003 | Sold | $355,000+15.8%$62/sqft |
Source: Public Record Report a problem | ||
| 3/2/2000 | Sold | $306,613+9.5%$54/sqft |
Source: Public Record Report a problem | ||
| 4/6/1998 | Sold | $280,000+76.1%$49/sqft |
Source: Public Record Report a problem | ||
| 7/30/1997 | Sold | $159,000$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,371 +3.1% | $463,445 +2% |
| 2024 | $6,181 +1.8% | $454,359 +2% |
| 2023 | $6,073 +4.5% | $445,451 +2% |
| 2022 | $5,810 +1.8% | $436,718 +2% |
| 2021 | $5,708 -0.8% | $428,156 +1% |
| 2020 | $5,755 | $423,767 +2% |
| 2019 | $5,755 +5.2% | $415,459 +2% |
| 2018 | $5,468 | $407,314 +2% |
| 2017 | $5,468 +2.1% | $399,328 +2% |
| 2016 | $5,357 +3.6% | $391,499 +1.5% |
| 2015 | $5,173 +0.3% | $385,619 +2% |
| 2014 | $5,159 | $378,066 +5.3% |
| 2010 | -- | $359,043 -0.2% |
| 2009 | -- | $359,897 +2% |
| 2008 | -- | $352,841 +2% |
| 2007 | -- | $345,923 +2% |
| 2005 | -- | $339,141 +4% |
| 2004 | -- | $325,974 -3.6% |
| 2003 | -- | $338,000 +14% |
| 2002 | -- | $296,514 |
Find assessor info on the county website
Neighborhood: Central City
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Nearby schools
GreatSchools rating
- 3/10Sally Ride Elementary: A Smart AcademyGrades: K-5Distance: 0.2 mi
- 5/10George Washington Carver Middle SchoolGrades: 6-8Distance: 0.3 mi
- 4/10Thomas Jefferson Senior High SchoolGrades: 9-12Distance: 0.5 mi
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- 90011
- Central City
- 1162 E 43rd Pl
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