
Los Angeles, California 90011
This 4-unit Residential Income Asset presents a Strong Value Opportunity, listed at $785,000—positioned well below the $787,969 Fair Market Value by 0.38%. With two units fully remodeled and two occupied, this property offers immediate rental income and significant upside through lease-up. Featuring a Condition Rating of 3, the asset provides a stable foundation for Buy-and-Hold Investors and Value-Add Investors. Its proximity to USC and the DTLA Fashion District ensures consistent tenant demand, while the rare on-site parking adds a distinct competitive advantage.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 427 E 43rd Street Subject 0 bd · 0 ba · 2,100 sqft · $365 | $785,000* List Price | 0 | 0 | 2,100 | $365 | - |
A 661 E 43rd Place Sold 0 bd · 0 ba · 1,985 sqft · $327 · 0.2 mi | $650,000 | 0 | 0 | 1,985 | $327 | 0.2 mi |
B 725 E 40th Place Sold 0 bd · 0 ba · 2,135 sqft · $375 · 0.4 mi | $800,000 | 0 | 0 | 2,135 | $375 | 0.4 mi |
C 288 E 43rd Sold 0 bd · 0 ba · 1,740 sqft · $395 · 0.1 mi | $686,734 | 0 | 0 | 1,740 | $395 | 0.1 mi |
D 232 E 47th 2 Sold 0 bd · 0 ba · 2,755 sqft · $308 · 0.4 mi | $849,900 | 0 | 0 | 2,755 | $308 | 0.4 mi |
E 300 E 42nd Place Active 0 bd · 0 ba · 2,205 sqft · $294 · 0.2 mi | $649,000 List Price | 0 | 0 | 2,205 | $294 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1911, two of the four units have been fully remodeled (<5 years) with modern flooring, recessed lighting, and fresh paint. The property is well-maintained, functional, and move-in ready for new tenants, though the exterior and systems show signs of age consistent with a well-kept older asset.
With two units fully remodeled and vacant, investors can immediately establish market-rate rents to maximize cash flow and capitalize on the recent interior upgrades.
Situated less than two miles from both USC and the DTLA Fashion District, the property is ideally positioned to attract a steady pool of student and professional tenants.
The property features rare front and rear access with potential for one parking space per unit, providing a significant competitive advantage in a high-density urban neighborhood.
Built in 1911, the property may require ongoing maintenance or capital expenditures for aging infrastructure typical of historic Los Angeles multi-family assets.
Two units are currently occupied at fixed rates ($1,150 and $1,400), which may limit immediate total revenue growth due to local rent stabilization ordinances.
**OPEN HOUSE Sept 12 & 13th 1:00pm - 4:00pm*****Opportunity to acquire a 4-unit multifamily property at 427 E 43rd Street, Los Angeles, CA, offering investors the ability to acquire a well-located asset with immediate rental income, renovated units, and additional upside through lease-up and repositioning. The property consists of four (4) 1-bedroom / 1-bath units totaling approximately 2,100 SF on a 5,120 SF lot. Two units are currently occupied, generating $1,150 and $1,400 per month, while the remaining two units have been fully remodeled and are available for showing, providing an opportunity for a new owner to establish current market rents. The property features both front and rear access, allowing for convenient vehicle entry and parking within the property, with the potential for one vehicle per unit. One of the property's key advantages is its location. The property is just one street away from Gilbert Lindsay Recreation Center, providing convenient access to open recreational space, a soccer field, baseball field, and a designated area for pets. The property is also located less than 2 miles from Downtown Los Angeles' Fashion District and less than 2 miles from USC, placing residents near major employment, education, retail, dining, and entertainment destinations.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,100 | 2,090.331 |
| Lot Size | 5,120 | 5,852.908 |
| Price | $785.0K | $830.9K |
| Price per sq ft | $374 | $394 |
| Built year | 1911 | 1928 |
| HOA | $0 | $0 |
| Days on market | 63 | 87 |
Sep 7, 2026
$785,000
Initial Listing
Jun 25, 2002
$187,000
Public Record