821 W 43rd Place Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated payment $7,519/month
Total Views
853
3
Beds
2
Baths
2,448
Sq Ft
$482
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.
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 |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|
| 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 the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25112515
APN: 5019-007-010
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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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