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886-894 E 43rd Pl
Los Angeles, CA 90011
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Part of a Portfolio! Can be sold individually or as a portfolio. 886-894 E 43rd Pl offers investors excellent in-place cash flow on day one.
- Two adjacent lots measuring 13,494 square feet that is zoned LARD2
- Great unit mix consisting of (3) 2 Bed / 1 Bath, (3) 3 Bed / 1 Bath and (1) 4 bed / 1 Bath units spread out over 6,508 square feet
- Strategically located in an area that has seen growth and is located in close proximity to the major business hubs of Los Angeles
Executive Summary
Part of a Portfolio! Can be sold individually or as a portfolio. 886-894 E 43rd Pl offers investors excellent in-place cash flow on day one with the benefit of additional upside in rents. The subject property offers an investor a great unit mix consisting of (3) 2 Bed / 1 Bath, (3) 3 Bed / 1 Bath and (1) 4 Bed / 1 Bath units. The offering consists of 2 separate buildings on 2 adjacent parcels totaling 13,494 square feet of land that is zoned LARD2. The total square footage of the buildings is 6,508 square feet with one building being built in 1925 and the other built in 1960. The utilities for both buildings are separately metered. There is surface parking located including car port parking in the rear for two cars. All units are subject to LA city rent control.
Property Facts
| Price Per Unit | $287,984 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.05% | Lot Size | 0.31 AC |
| Gross Rent Multiplier | 8.13 | Building Size | 6,508 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LARD2 | ||
| Price Per Unit | $287,984 CAD |
| Sale Type | Investment |
| Cap Rate | 8.05% |
| Gross Rent Multiplier | 8.13 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 6,508 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
| Zoning | LARD2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 3+1 | 3 | - | - |
| 4+1 | 1 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $521,909 CAD | |
| Land Assessment | $1,151,275 CAD | Total Assessment | $1,673,184 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,151,275 CAD
Improvements Assessment
$521,909 CAD
Total Assessment
$1,673,184 CAD
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