$ 3,795,000
-
$3,795,000
Price -
0
Bed -
30
Bath -
14,088
SqFt
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About the Listing X81461 - C135509
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 6.31% CAP and 9.10 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 7.67% CAP and 8.03 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.
Listing Highlights
Status
Active
Days on Site
68
Property Type
Multi-Family
MLS ®
26637193
Year Built
1926
Total Square Footage
14,088
Lot/Acreage
N/A
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: 30 Full
- Appliances:
- Air Cond: Wall Unit(s),Ceiling Fan
- Heating: Wall
- Fireplaces:
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR2
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
210 W 43rd Pl Los Angeles, CA 90037
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