9
See all 9 photos
$3,950,000
Est. payment /mo
30 Baths
14,088 SqFt
New
210 W 43rd PL Los Angeles, CA 90037
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 14,088 sqft
Price per Sqft $280
MLS Listing ID 26637193
HOA Y/N No
Year Built 1926
Lot Size 6,346 Sqft
Property Description
Offered at $131,667 per unit, 210 W. 43rd Place is a 30-unit South LA multifamily offering with strong in-place yield, immediate vacancy-driven upside, and competitive entry pricing relative to recent sales. The property is currently operating at a 6.38% CAP and 9.13 GRM on existing rents, providing a stable income base with near-term upside. The asset offers approximately 17% rental upside compared to renovated units in the surrounding submarket. Based on projected market rents, the property is expected to stabilize at an 8.14% market CAP and 7.80 market GRM. Five units are delivered vacant, allowing a buyer to begin renovation and lease-up immediately without tenant displacement, accelerating the timeline to improved cash flow. The building features a secure, gated entry and a traditional South LA apartment layout that supports efficient management and tenant flow. The exterior presents a clean and functional street presence, while common areas are straightforward and well maintained. Several units have already been renovated and are in good condition, featuring tile flooring, ample cabinetry, gas stoves, wall-mounted A/C units, and ceiling fans. Unit layouts offer defined living areas with good natural light, and the overall configuration provides a consistent framework for continued upgrades across the remaining units. The vacant units offer flexibility to implement a renovation scope and establish market rents early in the hold period. Located in Historic South-Central, 210 W. 43rd Place benefits from proximity to several of Los Angeles' most consistent employment and entertainment anchors. The property sits minutes from the University of Southern California, Exposition Park, The Shrine Auditorium, BMO Stadium, and the LA Memorial Coliseum complex. These year-round destinations support steady housing demand tied to education, healthcare, and event-driven employment. The surrounding area also offers convenient access to major corridors along Vermont Ave and Western Ave. With favorable entry pricing, in-place income, immediate upside through existing vacancies, and proximity to durable South LA demand drivers, 210 W. 43rd Place presents a balanced value-add opportunity in a supply-constrained submarket.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR2
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Flooring Tile
Fireplace No
Appliance Refrigerator
Laundry None
Exterior
Parking Features None
Building
Faces North
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5111010012
Security Features Key Card Entry
Special Listing Condition Standard
Listed by Max Berger Compass
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