1009 E 43rd Street, Los Angeles, California 90011, Los Angeles, 90011 - 2 bed, 1 bath
ACTIVE$549,000$1,014/sqft
Est. Value: $450,155
-18%
AboveEstimate
1009 E 43rd Street, Los Angeles, California 90011
2Beds
1Bath
1,014Sqft
5,163Lot
Price Vs. Estimate
The estimated value ($450,155.03) is $98,844.97 (18%) lower than the list price ($549,000). This property may be overpriced.
Key pros and cons
Top Pros:
Development Opportunity: Explicitly marketed as a 'Great opportunity for developers or flippers,' indicating high potential for value addition and return on investment after renovation.
Top Cons:
Extensive Renovation Required: Described as a 'Total fixer,' implying significant and costly renovations are needed across all systems and aesthetics, requiring substantial capital and effort.
Compared to the nearby listings
Price:$549.0K vs avg $562.5K ($-13,500)41%
Size:1,014 sqft vs avg 1,138.5 sqft31%
Price/sqft:$541 vs avg $52356%
More Insights
Built in 1912 (114 years old).
Condition: The property, built in 1912, is explicitly described as a 'Total fixer' and is marketed towards 'developers or flippers,' indicating its value is primarily in the land. The images reveal severe neglect, including extremely dirty and damaged carpets, stained walls, and an outdated wall heater. There are no visible signs of recent renovations, and the overall condition suggests it is unlivable and requires substantial rehabilitation, likely a complete gut or demolition, aligning with the 'tear-down' criteria.
Year Built
1912
Close
-
List price
$549K
Original List price
$549K
Price/Sqft
$541
HOA
-
Days on market
-
Sold On
-
MLS number
25581915
Home ConditionTear down
Features
View-
About this home
Great opportunity for developers or flippers. House is now vacant. Total fixer. Cash or hard money loan only.
J
Jason Lee
Listing Agent
Nearby schools
2/10
Harmony Elementary School
Public,•K-5•0.2mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.2mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.3mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.6mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.6mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.7mi
3/10
Trinity Street Elementary School
Public,•K-5•0.8mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.8mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.9mi
/10
Maple Primary Center
Public,•K-1•1.0mi
5/10
Dolores Huerta Elementary School
Public,•K-5•1.1mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.2mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.3mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.6mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.8mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.8mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.0mi
4/10
Norwood Street Elementary School
Public,•K-5•2.3mi
2/10
John W. Mack Elementary School
Public,•K-5•2.5mi
3/10
George Washington Carver Middle School
Public,•6-8•0.3mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.9mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.3mi
4/10
John Adams Middle School
Public,•6-8•1.4mi
2/10
John Muir Middle School
Public,•6-8•2.3mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•3.0mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.5mi
5/10
Santee Education Complex
Public,•9-12•1.6mi
3/10
Manual Arts Senior High School
Public,•9-12•1.9mi
4/10
West Adams Preparatory High School
Public,•9-12•3.0mi
Price History
Date
Event
Price
06/24/94
Sold
$139,000
05/12/94
Sold
$80,000
03/14/25
Sold
$435,000
Condition Rating
Tear down
The property, built in 1912, is explicitly described as a 'Total fixer' and is marketed towards 'developers or flippers,' indicating its value is primarily in the land. The images reveal severe neglect, including extremely dirty and damaged carpets, stained walls, and an outdated wall heater. There are no visible signs of recent renovations, and the overall condition suggests it is unlivable and requires substantial rehabilitation, likely a complete gut or demolition, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
Development Opportunity: Explicitly marketed as a 'Great opportunity for developers or flippers,' indicating high potential for value addition and return on investment after renovation.
Prime Location: Located in Los Angeles, specifically in the C42 - Downtown L.A. area, which generally benefits from strong market demand and potential for appreciation.
Generous Lot Size: The 5,163 sqft lot provides ample space for potential expansion, additional dwelling units (ADU), or significant landscaping improvements, enhancing future value.
Vacant Property: The house is now vacant, which streamlines the renovation process by eliminating the need for tenant relocation and allowing immediate access for work.
Historic Foundation: Built in 1912, the property offers a historic foundation that, once renovated, could appeal to buyers seeking character homes or provide a solid base for modern transformation.
Cons
Extensive Renovation Required: Described as a 'Total fixer,' implying significant and costly renovations are needed across all systems and aesthetics, requiring substantial capital and effort.
Limited Financing Options: The requirement for 'Cash or hard money loan only' severely restricts the potential buyer pool, making it less accessible to conventional mortgage buyers.
Age-Related Issues: Being built in 1912, the property likely has outdated infrastructure (plumbing, electrical, HVAC) and potential for hazardous materials (e.g., lead paint, asbestos), increasing renovation complexity and cost.