427 E 43rd StreetLos Angeles, CA 90011

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.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Style

Traditional

Year built

1911

Stories

1

Building area

2,100 Sq Ft

Lot size

0.12 acres

Garage spaces

4

Parking spaces

4

Days on market

63

MLS^® Listing#

IV26194679

Property Features

Pool

None

Parking

Paved

Laundry

None

Community

Park

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

5113010009

Directions

From the nearest main road, head east on E 43rd St and continue to 427 E 43rd St.