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$3,075,000
1037 W 43rd Street, Los Angeles, California 90037
0Bed
0Bath
8,250Sqft
6,320Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High & Immediate Rental Income: The property boasts an impressive $19,650 in monthly rental income with all five units currently leased, offering immediate and substantial cash flow for investors.
Top Cons:
High Barrier to Entry: The list price of $3.075 million represents a substantial capital outlay, potentially limiting the buyer pool to only high-net-worth investors.

Compared to the nearby listings

Price:$3.08M vs avg $1.87M (+$1,205,000)50%
Size:8,250 sqft vs avg 4,864.5 sqft50%
Price/sqft:$373 vs avg $41150%

More Insights

Built in 2024 (1 years old).
Condition: This property was completed in Fall 2024, making it brand new construction. All units are fully equipped with new, modern stainless steel appliances, and feature contemporary finishes in kitchens and bathrooms. The property includes a builder's warranty, fully paid-off solar panels, and is designed for minimal maintenance, indicating all components are new and meet current quality standards with no deferred maintenance.
Year Built
2024
Close
-
List price
$3.08M
Original List price
$3.08M
Price/Sqft
$373
HOA
-
Days on market
-
Sold On
-
MLS number
MB25072810
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

STEP INTO IMMEDIATE CASH FLOW $19,650 MONTHLY RENTAL INCOME: 5 UNITS ARE NOW LEASED #1: $4,400, #2: $4,250 & #3: $4,200, #4: (2BDR) $2,700, & #5 (4BDR) $4,100 - 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 rent roll: $19,650!

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

This property was completed in Fall 2024, making it brand new construction. All units are fully equipped with new, modern stainless steel appliances, and feature contemporary finishes in kitchens and bathrooms. The property includes a builder's warranty, fully paid-off solar panels, and is designed for minimal maintenance, indicating all components are new and meet current quality standards with no deferred maintenance.
Pros & Cons

Pros

High & Immediate Rental Income: The property boasts an impressive $19,650 in monthly rental income with all five units currently leased, offering immediate and substantial cash flow for investors.
New Construction & Low Operating Costs: Completed in Fall 2024, this new build includes a 1-year builder's warranty, separate utility meters, drought-tolerant landscaping, and fully paid-off solar panels, ensuring minimal maintenance and utility expenses for the owner.
Non-Rent-Controlled Status: As a non-rent-controlled property in Los Angeles, it provides significant investment flexibility and potential for future rent growth, maximizing long-term returns.
Strategic & High-Demand Location: Situated in an 'ultra-hot' Los Angeles neighborhood, adjacent to major attractions like USC Village, BMO Stadium, and the upcoming Lucas Museum, with excellent freeway access, ensuring strong tenant demand and appreciation potential.
Spacious & Versatile Units: The units are significantly larger than typical new construction, fully equipped with appliances, and designed to accommodate diverse tenant needs such as multi-generational families and work-from-home roommate environments.

Cons

High Barrier to Entry: The list price of $3.075 million represents a substantial capital outlay, potentially limiting the buyer pool to only high-net-worth investors.
Mixed School Performance: Several nearby public schools have lower ratings (2-3 out of 5), which could be a concern for prospective tenants or buyers with school-aged children prioritizing top-tier education.
Limited Specific Luxury Features: While new and modern, the description lacks detailed highlights of unique high-end finishes or luxury amenities (e.g., private patios/balconies for all units, smart home technology, premium common areas) that might differentiate it further in a competitive market, despite the general claim of 'Luxury, Style'.

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