1242 E 43rd, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This Triplex Residential Income Asset represents a Strong Value Opportunity, listed at $599,999—positioned well below the $560,075 Fair Market Value by -7%. Featuring a Condition Rating of 5, the property requires cosmetic TLC to maximize its rental potential. Its strategic location near DTLA and USC ensures consistent demand for its three registered units. This property is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on the high-density rental market in South Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1242 E 43rd Subject | $599,999* List Price | 0 | 0 | 2,297 | $244 | - |
A 4322 Honduras Street Sold | $465,000 | 0 | 0 | 2,290 | $203 | 0.5 mi |
B 1138 E 45th Street Sold | $575,000 | 5 | 4 | 2,460 | $234 | 0.2 mi |
C 1134 E 45th Street Sold | $575,000 | 4 | 4 | 2,037 | $282 | 0.2 mi |
D 1241 E 43rd Sold | $555,000 | 0 | 0 | 2,362 | $235 | 0.1 mi |
E 1580 E 47th Active | $525,000 List Price | 0 | 0 | 2,297 | $229 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930 with no record of recent major renovations; the listing explicitly identifies the property as a 'value-add' opportunity needing 'TLC' and cosmetic updates, indicating dated kitchens, bathrooms, and likely aging systems.
The property is fully tenant-occupied and configured as three separate rental units, all registered with the Los Angeles Housing Department, providing immediate cash flow for investors.
Ideally situated near Downtown Los Angeles, USC, and major stadiums with easy access to four major freeways, ensuring consistently high rental demand and long-term desirability.
The property presents a significant opportunity to increase equity and maximize returns through cosmetic updates and TLC, allowing an owner to capture future rental upside.
The property requires cosmetic updates and general repairs, which will necessitate an immediate capital investment to bring the units to modern market standards.
While registered as three units, the property is legally a duplex, requiring buyers to perform extensive due diligence regarding permits and governmental compliance.
Welcome to 1242 E. 43rd Place, Los Angeles—an outstanding investment opportunity with excellent income potential. This property is legally a duplex (2-unit property) and is currently configured as three separate rental units. All three units are registered with the Los Angeles Housing Department, offering added value for investors seeking a cash-flowing asset. The property is fully tenant-occupied, providing immediate rental income from day one. While it could benefit from some TLC and cosmetic updates, it presents a fantastic value-add opportunity to increase equity and maximize long-term returns. Ideally located in South Los Angeles, this property offers convenient access to Downtown Los Angeles (DTLA), USC, BMO Stadium, Exposition Park, The Coliseum, Crypto.com Arena, major freeways including the 110, 10, 105, and 710, public transportation, Metro lines, shopping, restaurants, schools, parks, and employment centers. The central location continues to attract strong rental demand, making this an ideal addition to any investment portfolio. Whether you’re a seasoned investor or looking to expand your real estate holdings, 1242 E. 43rd Place offers exceptional upside in one of Los Angeles’ most active rental markets. Buyers are encouraged to verify all permits, unit configuration, registration status, and property details with the appropriate governmental agencies.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,297 | 2,250 |
| Lot Size | 5,402 | 5,864 |
| Price | $600.0K | $826.7K |
| Price per sq ft | $261 | $395 |
| Built year | 1930 | 1925 |
| HOA | $0 | $0 |
| Days on market | 1 | 83 |
Jul 22, 2026
$599,999
Initial Listing
Sep 29, 2016
$360,000
Public Record
Nov 16, 2009
$200,000
Public Record
Feb 28, 2006
$465,000
Public Record
Sep 24, 2004
$260,000
Public Record