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210 43rd Place, Los Angeles, CA 90037
Priced at Only: $3,795,000
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Address: 210 43rd Place, Los Angeles, CA 90037
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  • MLS#: 26637193 ( )
  • Street Address: 210 43rd Place
  • Viewed: 1
  • Price: $3,795,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1926
  • Bldg sqft: 0
  • Days On Market: 45
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90037
  • Provided by: Compass
  • Contact: Max Max
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Offered at $3,795,000, or $126,500 per unit, 210 W. 43rd Pl. is a 30 unit South LA value add opportunity that now sits at a far more attractive entry point. The property operates at a 6.25% CAP and 9.15 GRM on current rents, with a basis of $269 per SF. At the revised pricing, the deal supports today's income while still leaving meaningful room to grow. At projected market rents, the property is expected to stabilize at an 6.75% CAP and 8.70 GRM. Two units are currently vacant, allowing a buyer to begin renovations and lease up immediately, establish updated rents early in the hold period, and improve overall performance without the need for tenant negotiations. Built in 1926, the property features a secure gated entry and a traditional courtyard layout comprised of (30) studio units. The configuration is straightforward and easy to manage, with a consistent unit mix that makes renovation planning clear and repeatable. Several units have already been updated with tile flooring, improved cabinetry, gas stoves, wall mounted A/C units, and ceiling fans. Living areas feature practical layouts and natural light, providing a solid foundation for future interior upgrades. Located in Historic South Central, 210 W. 43rd Pl. sits minutes from USC, Exposition Park, BMO Stadium, The Shrine Auditorium, and the LA Memorial Coliseum. These year round education and entertainment anchors continue to support steady housing demand in the area. The property also benefits from access to Vermont Ave. and Western Ave., two major corridors that connect residents to surrounding neighborhoods and employment centers. Following the price adjustment, 210 W. 43rd Pl. stands as a 30 unit asset with real scale and notable upside, at a basis that better reflects today's market.
Features
Appliances
  1. Refrigerator
Building Area Total
  1. 14088.00
Common Walls
  1. 1 Common Wall
Country
  1. US
Direction Faces
  1. North
Flooring
  1. Tile
Heating
  1. Wall Furnace
Interior Features
  1. Ceiling Fan(s)
Laundry Features
  1. None
Levels
  1. Multi/Split
Netoperatingincome
  1. 237361.00
Parcel Number
  1. 5111010012
Parking Features
  1. None
Security Features
  1. Card/Code Access
Sourcesystemkey
  1. 26637193:CLAW
Totalexpenses
  1. 166991.00
Year Built
  1. 1926
Zoning
  1. LAR2
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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