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Listed by JOANNA CORONA • Real Brokerage Technologies
$785,000
Est. payment /mo
2,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $373
MLS Listing ID IV-26194679
Style Traditional
Year Built 1911
Lot Size 5,120 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
**OPEN HOUSE Sept 12 & 13th 1:00pm - 4:00pm*****Opportunity to acquire a 4-unit multifamily property at 427 E 43rd Street, Los Angeles, CA, offering investors the ability to acquire a well-located asset with immediate rental income, renovated units, and additional upside through lease-up and repositioning. The property consists of four (4) 1-bedroom / 1-bath units totaling approximately 2,100 SF on a 5,120 SF lot. Two units are currently occupied, generating $1,150 and $1,400 per month, while the remaining two units have been fully remodeled and are available for showing, providing an opportunity for a new owner to establish current market rents. The property features both front and rear access, allowing for convenient vehicle entry and parking within the property, with the potential for one vehicle per unit. One of the property's key advantages is its location. The property is just one street away from Gilbert Lindsay Recreation Center, providing convenient access to open recreational space, a soccer field, baseball field, and a designated area for pets. The property is also located less than 2 miles from Downtown Los Angeles' Fashion District and less than 2 miles from USC, placing residents near major employment, education, retail, dining, and entertainment destinations.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Laundry None
Exterior
Parking Features Paved
Pool None
Community Features Park
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900