Brad Hansen
ENRG Realty, Inc
(949) 570-5651
89 Total Sales
1 in Vermont Square
$603,000 Price
1123 W 43rd St Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated Value: $822,000 - $966,000
1
Bed
1
Bath
3,096
Sq Ft
$286/Sq Ft
Est. Value
About This Home
As of July 2023Proud to present 1123 W 43rd St, located at the heart of a culturally vibrant neighborhood of Southern Los Angeles. Built in 1935 this property consists of four TRUE-VALUE ADD units with 750 SF/each of living area on a sizeable 5,402 SF lot. An exceptional & unique true value-add investment opportunity located in the highly desirable opportunity zone on LAR-2 zoning with TOC Tier 3 density bonus. All while being just minutes away from USC and Exposition Park. The property is priced to sell at a high proforma CAP Rate and low price per unit compared to other properties.
This offering consists of two easily maintained buildings after stabilization. Two large two-story duplexes with an efficient unit mix of four bedroom & one bath units. Each unit features about 750 sqft of living area & its own one-car garage which can also be utilized as storage units for additional income or future ADU potential.
According to ownership the property has been vacant for over 10 years and has suffered plenty of deferred maintenance including fire damage at the end of 2022. The City of Los Angeles has red-tagged the building so the buyer must conduct their own due diligence. After the property has been rehabbed it offers tremendous upside potential at a low price per unit & high Proforma CAP Rate.
Last Agent to Sell the Property
Abel Benitez
GIG Real Estate Inc. License #02173463 Listed on: 03/02/2023
Last Buyer's Agent
Abel Benitez
GIG Real Estate Inc. License #02173463 Listed on: 03/02/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1935
Lot Details
- 5,402 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- 3,096 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 9 / A
- Tax Tract Number 2316
- Assessor Parcel Number 5020021018
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Recreation
- Bike Trail
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 2, 2023
Closed on
Jun 13, 2023
Sold by
Bought by
Seller's Agent
Abel Benitez
GIG Real Estate Inc.
Buyer's Agent
Abel Benitez
GIG Real Estate Inc.
List Price
$900,000
Sold Price
$850,000
Premium/Discount to List
-$50,000
-5.56%
Views
71
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,000
Avg. Annual Appreciation
1.39%
Original Mortgage
$927,500
Interest Rate
6.71%
Mortgage Type
Construction
Purchase Details
Closed on
Jul 21, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 20, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 17, 2005
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Vermont Square, CA
-
Brad Hansen
-
Vania Rincon
Vania Rincon
EstateX inc.
(855) 926-9843
47 Total Sales
2 in Vermont Square
$1M - $1.3M Price Range
-
Gabriel Diaz
Gabriel Diaz
Pak Home Realty
(213) 463-6037
17 Total Sales
2 in Vermont Square
$775,000 Price Range
-
Michael Nguyen
Michael Nguyen
Real Broker
(213) 568-6741
5 Total Sales
1 in Vermont Square
$700,000 Price
-
Brooke Dianich
Brooke Dianich
Keller Williams Luxury
(424) 842-2611
39 Total Sales
1 in Vermont Square
$683,539 Price
-
Amalia Ochoa
Amalia Ochoa
The Proud Crowd Inc.
(424) 348-7667
31 Total Sales
1 in Vermont Square
$898,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $850,000 | Old Republic Title Company | ||
| -- | Stewart Title Of Ca Inc | ||
| $288,000 | Stewart Title Of Ca Inc | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,100,000 | ||
| Closed | $927,500 | ||
| Previous Owner | $285,000 | ||
| Previous Owner | $285,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/21/2023 07/21/23 | Sold | $850,000 | -5.6% | $275 / Sq Ft |
| 03/02/2023 03/02/23 | For Sale | $900,000 | -- | $291 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,836 | $867,000 | $510,000 | $357,000 |
| 2024 | $10,695 | $850,000 | $500,000 | $350,000 |
| 2023 | $1,137 | $52,953 | $24,003 | $28,950 |
| 2022 | $1,104 | $546,820 | $382,774 | $164,046 |
| 2021 | $6,773 | $536,099 | $375,269 | $160,830 |
| 2019 | $6,578 | $520,200 | $364,140 | $156,060 |
| 2018 | $6,488 | $510,000 | $357,000 | $153,000 |
| 2016 | $897 | $46,545 | $21,099 | $25,446 |
| 2015 | $888 | $45,847 | $20,783 | $25,064 |
| 2014 | $922 | $44,950 | $20,376 | $24,574 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2023
Abel Benitez
GIG Real Estate Inc.
-
Marc Schwartz
M
Seller Co-Listing Agent in 2023
Marc Schwartz
GIG Real Estate Inc.
(626) 594-4901
2 in this area
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR23035571
APN: 5020-021-018
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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