860 W 43rd Place, Los Angeles, California 90037, Los Angeles, 90037 - 3 bed, 1 bath
ACTIVE$800,000
860 W 43rd Place, Los Angeles, California 90037
3Beds
1Bath
1,276Sqft
5,002Lot
Year Built
1913
Close
-
List price
$800K
Original List price
$875K
Price/Sqft
$627
HOA
-
Days on market
-
Sold On
-
MLS number
MB24252592
Home ConditionPoor
Features
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 41% below the list price. We found 3 Cons,5 Pros. Rank: price - $800.0K(79th), sqft - 1276(36th), beds - 3(50th), baths - 1(24th).
DON'T MISS THIS OPPORTUNITY!! * * LAR3 ZONING * * House features 3 Bedrooms and 1 bath with Attic converted to a room. No Garage. House needs some TLC. Parking in the rear of house through alley access. Centrally located close to downtown LA, USC campus, metro and exposition park. Excellent property for investors or first time buyers!
Nearby schools
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.1mi
5/10
Menlo Avenue Elementary School
Public,•K-5•0.3mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.3mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.5mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.5mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.6mi
2/10
Main Street Elementary School
Public,•K-5•1.2mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.2mi
3/10
Trinity Street Elementary School
Public,•K-5•1.2mi
2/10
Western Avenue Elementary School
Public,•K-5•1.3mi
/10
Maple Primary Center
Public,•K-1•1.3mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.8mi
3/10
Angeles Mesa Elementary School
Public,•K-5•2.0mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.0mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.5mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.2mi
2/10
John Muir Middle School
Public,•6-8•1.2mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.3mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.7mi
1/10
Horace Mann Junior High School
Public,•6-8•2.3mi
2/10
Audubon Middle School
Public,•6-8•2.3mi
3/10
Manual Arts Senior High School
Public,•9-12•0.3mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.3mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.2mi
5/10
Santee Education Complex
Public,•9-12•2.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.3mi
Price History
Date
Event
Price
05/11/15
Sold
$280,000
09/18/06
Sold
$495,000
02/09/04
Sold
$217,000
Condition Rating
Poor
Built in 1913, this property is over 100 years old and explicitly stated to 'need some TLC' and 'significant renovation.' The images confirm a very outdated and worn kitchen with old appliances, cabinets, and flooring, and an equally dated bathroom with old fixtures and tiling. These major components are well past their expected lifespan and require substantial repairs and rehabilitation to be comfortable and functional by modern standards. While not explicitly stated as 'beyond repair,' the condition of key areas makes it uncomfortable to live in its current state, aligning with the 'poor' category.
Pros & Cons
Pros
Development Potential: The LAR3 zoning designation offers significant development potential, allowing for multi-unit construction or Accessory Dwelling Unit (ADU) additions, highly attractive to investors.
Prime Location: Strategically located near Downtown LA, USC campus, metro lines, and Exposition Park, providing excellent accessibility and urban convenience.
Broad Buyer Appeal: Explicitly positioned as an excellent opportunity for both investors seeking value-add projects and first-time buyers looking to customize their home.
Additional Living Space: The attic has been converted into an additional room, providing flexible extra living space beyond the primary bedroom count.
Off-Street Parking: Rear alley access provides valuable off-street parking, a significant advantage in a dense urban environment where parking can be scarce.
Cons
Renovation Required: The property 'needs some TLC,' indicating that significant renovation and capital investment will be necessary to modernize and improve its condition.
Price Discrepancy: The current list price of $800,000 is substantially higher than the estimated property value of $470,658, suggesting a potential overvaluation.
Limited Bathroom Facilities: With only one bathroom for three bedrooms, the property offers limited facilities, which may be inconvenient for larger households or future resale.