Description
Welcome to 1242 E. 43rd Place, Los Angelesan 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.
Details
| MLS # | TR26153841 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 56 |
| Listing Provided By | Samuel G. Castorena Jr | Samuel Castorena |
Features
| SQ Feet | 2,297 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 2 |
| Acreage | 0.12 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Electricity Available, Sewer Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $599,999 low | high Med: $770,000 sqft: 2,297 low | high Med: 1 $ / sqft: $261 low | high Med: $770,000 On site: 56 low | high Med: 7 | |
Market Activity 90011
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $599,999 low | high Med: $770,000 sqft: 2,297 low | high Med: 1 $ / sqft: $261 low | high Med: $770,000 On site: 56 low | high Med: 7 | |
