1037 W 43rd Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

1037 W 43rd Street, Los Angeles, California 90037 home-pic-0
ACTIVE$3,145,000
1037 W 43rd Street, Los Angeles, California 90037
0Bed
0Bath
8,250Sqft
6,320Lot
Year Built
2024
Close
-
List price
$3.15M
Original List price
$3.15M
Price/Sqft
$381
HOA
-
Days on market
-
Sold On
-
MLS number
MB25026681
Home ConditionExcellent
Features
Good View: Neighborhood
ViewNeighborhood

About this home

We found 2 Cons,3 Pros. Rank: price - $3.15M(50th), sqft - 8250(50th), beds - undefined(50th), baths - undefined(50th).

5 UNITS - NEWLY BUILT (2024)- STEP INTO IMMEDIATE CASH FLOW: 4 UNITS ARE NOW LEASED #1: $4,400, #2: $4,250 & #3: $4,200, #4: (2BDR) $2,700, & #5 will be delivered leased at $4,200! 1037 W. 43rd St is a 5-UNIT townhouse style apartment building located in the ultra-hot Los Angeles 90037 neighborhood adjacent to the BMO Stadium, LA Coliseum, Exposition Park, USC Village and the Coming Soon Lucas Museum. Completed in Fall 2024, this property is composed of 2-detached three-story structures with a combined 8,250 SQFT of rentable space sitting on a large lot with enough space for easy entry and exit access. Additional Sq ft of 1,084: (1) 2 car attached tandem garage & 1 car attached garage. The units at this property are significantly larger than other for-rent units typically found in the new construction market and are perfectly positioned for multi-generational families and work-from-home roommate environments. NON-RENT-CONTROLLED 4-units made up of 4 large bedrooms 4 bathrooms + 1 unit with 2 bedrooms and 2 bathrooms. In addition to the high return, buyers will enjoy other perks of the tastefully designed drought tolerant landscaping, fully equipped with stoves, refrigerators, over the range microwave, dishwasher, a 1-year builder’s warranty, little to no maintenance, separate meters for gas, water & electric, fully paid off solar panels, and extreme desirability amongst renters for years to come! Tour this property today and embark on a journey of Luxury, Style and Urban Living at its Finest in Los Angeles. All commuters will enjoy the close proximity to the interstate freeways 10, 110 & 105 connecting residents to employment hubs throughout Los Angeles and South Bay Cities. This is the perfect income producing property-you must add this to your portfolio: we welcome 1031 exchange, cash and financed buyers-call listing agent today! Current monthly income: $15,550!

Nearby schools

5/10
Menlo Avenue Elementary School
Public,K-50.2mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,K-50.3mi
/10
Dr. James Edward Jones Primary Center
Public,K-20.4mi
3/10
Normandie Avenue Elementary School
Public,K-50.4mi
5/10
West Vernon Avenue Elementary School
Public,K-50.7mi
3/10
Fifty-Second Street Elementary School
Public,K-50.7mi
2/10
Martin Luther King Jr. Elementary School
Public,K-50.9mi
2/10
Western Avenue Elementary School
Public,K-51.2mi
2/10
Main Street Elementary School
Public,K-51.4mi
3/10
Trinity Street Elementary School
Public,K-51.4mi
/10
Maple Primary Center
Public,K-11.4mi
2/10
Forty-Second Street Elementary School
Public,K-51.6mi
3/10
Angeles Mesa Elementary School
Public,K-51.8mi
2/10
Tom Bradley Global Awareness Magnet School
Public,K-51.8mi
3/10
Sixth Avenue Elementary School
Public,K-52.3mi
2/10
Barack Obama Global Preparation Academy
Public,6-81.0mi
3/10
William Jefferson Clinton Middle School
Public,6-81.3mi
2/10
John Muir Middle School
Public,6-81.3mi
3/10
Los Angeles Academy Middle
Public,6-82.0mi
2/10
Audubon Middle School
Public,6-82.1mi
1/10
Horace Mann Junior High School
Public,6-82.3mi
3/10
Manual Arts Senior High School
Public,9-120.2mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,9-121.4mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,9-122.2mi
5/10
Santee Education Complex
Public,9-122.4mi
3/10
Nava College Preparatory Academy
Public,9-122.4mi

Price History

Date
Event
Price
01/18/23
Sold
$1,110,000
05/28/21
Sold
$565,000
Condition Rating
Excellent

Newly built in 2024, the property features modern kitchens with stainless steel appliances, stylish bathrooms, and contemporary finishes throughout. The images confirm the new construction and high-quality condition.
Pros & Cons

Pros

New Construction: Built in 2024, the property offers modern construction and design, minimizing immediate maintenance concerns.
Income Potential: The property is already generating substantial income with 4 out of 5 units leased, providing immediate cash flow for the buyer.
Desirable Location: Located near BMO Stadium, LA Coliseum, Exposition Park, USC Village, and the Lucas Museum, the property benefits from high desirability and access to amenities.

Cons

Price Point: The list price of $3,145,000 may be a barrier to entry for some investors, requiring significant capital.
Limited Unit Variety: The property primarily consists of 4-bedroom units, which may limit its appeal to a broader range of potential tenants.

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