PENDING
$40K PRICE DROP
821 W 43rd Place Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated payment $7,113/month
Total Views
2,243
3
Beds
2
Baths
2,448
Sq Ft
$465
Price per Sq Ft
Highlights
- Modern Architecture
- Central Air
- Front Yard
- Laundry Room
- Turnkey
- 1-Story Property
About This Home
Welcome to 821 W 43rd Place, a prime investment opportunity located in the heart of Los Angeles, just a stone's throw from USC and Exposition Park. This well-maintained 4-unit building offers the perfect mix of potential and convenience, with three units currently vacant and ready for new tenants. The property features a mix of spacious (2) two-bedroom, one-bathroom units and (2) one-bedroom, one-bathroom units, catering to a wide range of renters. Recent upgrades include brand-new water heaters, a fully renovated roof, upgraded sewer line, energy-efficient windows, smooth stucco exterior, and newer cooling systems. These improvements not only enhance the building’s aesthetic appeal but also ensure a low-maintenance investment for years to come. With these updates, this turnkey property is poised to command top-dollar rents, making it an excellent choice for an investor seeking immediate returns. Located within one mile of USC, Exposition Park, and upcoming events like the FIFA 2025 World Cup, the location offers the added bonus of high-demand rental potential for both long-term tenants and short-term stays during special events. Potential development opportunity with additional space in back for extra units, buyer to verify. This is your chance to acquire a well-positioned, fully-upgraded property in one of LA’s most vibrant and growing neighborhoods.
Listing Agent
RE/MAX One Brokerage Phone: 818-667-2151 License #01956671 Listed on: 05/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,028
Year Built
- Built in 1923
Lot Details
- 6,669 Sq Ft Lot
- Two or More Common Walls
- Front Yard
Parking
- 4 Open Parking Spaces
- 4 Car Garage
Home Design
- Modern Architecture
- Quadruplex
- Turnkey
- Shingle Roof
Interior Spaces
- 2,448 Sq Ft Home
- 1-Story Property
- Laminate Flooring
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Additional Features
- Urban Location
- Central Air
Listing and Financial Details
- Tax Lot 70
- Tax Tract Number 212
- Assessor Parcel Number 5019007010
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Operating Expense $57,600
- Net Operating Income $90,720
Map
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Home Values in the Area
Average Home Value in this Area
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 | $11,028 | $933,300 | $627,300 | $306,000 |
| 2024 | $11,028 | $879,761 | $615,833 | $263,928 |
| 2023 | $10,822 | $862,511 | $603,758 | $258,753 |
| 2022 | $10,331 | $845,600 | $591,920 | $253,680 |
| 2021 | $4,075 | $308,171 | $135,897 | $172,274 |
| 2020 | $4,111 | $305,012 | $134,504 | $170,508 |
| 2019 | $3,963 | $299,032 | $131,867 | $167,165 |
| 2018 | $3,817 | $293,170 | $129,282 | $163,888 |
| 2016 | $3,633 | $281,788 | $124,263 | $157,525 |
| 2015 | $5,818 | $277,556 | $122,397 | $155,159 |
| 2014 | $2,299 | $170,000 | $120,000 | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | Pending | -- | -- | -- |
| 07/09/2025 07/09/25 | Price Changed | $1,139,000 | -3.4% | $465 / Sq Ft |
| 05/21/2025 05/21/25 | For Sale | $1,179,000 | -- | $482 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | -- | |
| Grant Deed | -- | Lawyers Title Company | |
| Grant Deed | $170,000 | Provident Title Company | |
| Grant Deed | $170,000 | Provident Title | |
| Grant Deed | -- | Provident Title Company | |
| Quit Claim Deed | -- | First American Title Company | |
| Grant Deed | $175,000 | Lsi Title Company | |
| Trustee Deed | $207,495 | Accommodation | |
| Grant Deed | $494,500 | Ticor Title Co Glendale | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $679,000 | New Conventional | |
| Previous Owner | $50,000 | Construction | |
| Previous Owner | $30,000 | No Value Available | |
| Previous Owner | $214,795 | Stand Alone First | |
| Previous Owner | $469,680 | Purchase Money Mortgage | |
| Previous Owner | $208,500 | Unknown |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25112515
APN: 5019-007-010
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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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