Seller's Agent in 2025
Richard Bell
Bell Realty Group
(714) 309-3549
1 in this area
21 Total Sales
1162 E 43rd Place Los Angeles, CA 90011
Central Alameda Neighborhood
12
Beds
6
Baths
5,729
Sq Ft
6,983
Sq Ft Lot
Highlights
- No HOA
- Chain Link Fence
- Wall Furnace
About This Home
As of June 2025Great cash flow property with huge upside too. 11.8% cash on cash return with current rents. 8.3% cap rate. Many upgrades over the years including, Newer roof on both buildings, Copper water pipes, Vinyl windows, new external stairs to top unit in the back building. Possible conversion of garages currently used for storage to ADU to make 7 or 8 units, check with city for allowances. Located in a strong rental area in South Central Area with a great unit mix of five 3 Bdrm and 1 Bath units. Walkable score of 83. Property is separate metered for Gas and Electric and consists of two buildings, a 4-plex up front and duplex along with a 4 car garage in the back. Front 4 units have been converted to 3 bedrooms but third bedroom can easily be used as a living room as well, Buyer to verify permits for all changes and improvements. Market rents shown are for Section 8 approved 2 bedroom units. Garages currently used for storage.
Last Agent to Sell the Property
Bell Realty Group Brokerage Phone: 714-309-3549 License #01344469 Listed on: 11/18/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 6,981 Sq Ft Lot
- 1 Common Wall
- Chain Link Fence
- Grapestake Fence
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
- Flat Roof Shape
Interior Spaces
- 5,729 Sq Ft Home
- 2-Story Property
- Termite Clearance
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 11
- Tax Tract Number 1103
- Assessor Parcel Number 5115034011
- $730 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 6 Units
Building Details
- 5 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $6,500
- Maintenance Expense $3,500
- Other Expense $4,002
- Water Sewer Expense $7,200
- New Taxes Expense $17,438
- Operating Expense $39,290
- Gross Income $160,368
- Net Operating Income $116,267
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 18, 2024
Closed on
Jun 2, 2025
Sold by
Chan Bob
Bought by
Trejo Macario and Trejo Nelly Guadalupe
Seller's Agent
Richard Bell
Bell Realty Group
Buyer's Agent
Jaime Meza
Beverly and Company, Inc.
List Price
$1,525,000
Sold Price
$1,380,000
Premium/Discount to List
-$145,000
-9.51%
Views
28
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
-$3,274
Avg. Annual Appreciation
-0.30%
Original Mortgage
$966,000
Outstanding Balance
$963,520
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$413,206
Purchase Details
Closed on
Mar 13, 2003
Sold by
Pagalunan Michael
Bought by
Chan Bob
Purchase Details
Closed on
Dec 13, 2002
Sold by
Hud
Bought by
Pagalunan Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,500
Interest Rate
5.82%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 12, 2002
Sold by
White Mountain Services Corp
Bought by
Hud
Purchase Details
Closed on
Feb 28, 2000
Sold by
Ruiz Enrique
Bought by
White Mountains Services Corp and Source One Mtg Services Corp
Purchase Details
Closed on
Dec 16, 1997
Sold by
Rodriguez Jacoba
Bought by
Ruiz Enrique
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,559
Interest Rate
7%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 12, 1997
Sold by
Gomez Arturo
Bought by
Ruiz Enrique and Lopez Felipe
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,559
Interest Rate
7%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 5, 1997
Sold by
Harris Oliver E
Bought by
Gomez Arturo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,500
Interest Rate
7.58%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 14, 1994
Sold by
Harris Gustella Granger
Bought by
Harris Oliver Edward
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,380,000 | Old Republic Title Company | |
| Grant Deed | -- | -- | |
| Grant Deed | $355,000 | First Southwestern Title Co | |
| Corporate Deed | -- | -- | |
| Trustee Deed | $306,613 | American Title | |
| Grant Deed | -- | Southland Title | |
| Grant Deed | $280,000 | Southland Title | |
| Grant Deed | $159,000 | Commonwealth Land Title Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $966,000 | New Conventional | |
| Previous Owner | $422,500 | Commercial | |
| Previous Owner | $268,559 | FHA | |
| Previous Owner | $132,500 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | Sold | $1,380,000 | -1.1% | $241 / Sq Ft |
| 03/18/2025 03/18/25 | Price Changed | $1,395,000 | -2.1% | $243 / Sq Ft |
| 02/19/2025 02/19/25 | Price Changed | $1,425,000 | -3.4% | $249 / Sq Ft |
| 01/15/2025 01/15/25 | Price Changed | $1,475,000 | -3.3% | $257 / Sq Ft |
| 11/18/2024 11/18/24 | For Sale | $1,525,000 | -- | $266 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| 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 | $6,181 | $463,445 | $152,063 | $311,382 |
| 2024 | $6,181 | $454,359 | $149,082 | $305,277 |
| 2023 | $6,073 | $445,451 | $146,159 | $299,292 |
| 2022 | $5,810 | $436,718 | $143,294 | $293,424 |
| 2021 | $5,708 | $428,156 | $140,485 | $287,671 |
| 2019 | $5,548 | $415,459 | $136,319 | $279,140 |
| 2018 | $5,468 | $407,314 | $133,647 | $273,667 |
| 2016 | $5,173 | $391,499 | $128,458 | $263,041 |
| 2015 | $5,104 | $385,619 | $126,529 | $259,090 |
| 2014 | $5,159 | $378,066 | $124,051 | $254,015 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Bell
-
Jaime Meza
Buyer's Agent in 2025
Jaime Meza
Beverly and Company, Inc.
(747) 253-3241
1 in this area
65 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24235975
APN: 5115-034-011
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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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