210 W 43rd PL, Los Angeles, CA 90037
210 W 43rd PL, Los Angeles, CA 90037
210 W 43rd PL, Los Angeles, CA 90037
210 W 43rd PL, Los Angeles, CA 90037
210 W 43rd PL, Los Angeles, CA 90037
210 W 43rd PL, Los Angeles, CA 90037
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Rosanna Lopez

Rosanna Lopez

+1(562) 986-0415
$ 3,600,000
Est. payment | /mo

30 Baths

14,088 SqFt

Save
$ 3,600,000
Est. payment | /mo
Save

30 Baths

14,088 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 14,088 sqft

Price per Sqft $255

MLS Listing ID 26637193

HOA Y/N No

Year Built 1926

Lot Size 6,346 Sqft

Property Description

Following its second price reduction, 210 W. 43rd Pl. is now offered at $3,600,000, or $120,000 per unit, positioning a 30-unit asset at a basis that now sits below several recent sales in the immediate area. At the current pricing, the property operates at a 6.81% CAP and 8.56 GRM on in-place rents, combining scale and day-one income in a way that is increasingly difficult to find at this level. The property consists of (30) studio units originally built in 1926. The configuration is straightforward, with a consistent unit mix that simplifies renovation planning and ongoing management. Several units have already been updated with tile flooring, improved cabinetry, gas stoves, wall-mounted A/C units, and ceiling fans, providing a clear path for continued interior upgrades across the remaining units. Two units are currently vacant, allowing a buyer to begin renovations and lease-up immediately and establish updated rent levels early in the hold period. The existing layouts provide practical living space with natural light, creating a repeatable framework for unit turns without requiring reconfiguration. Located in Historic South-Central, 210 W. 43rd Pl. sits within close proximity to USC, Exposition Park, the LA Memorial Coliseum, BMO Stadium, and The Shrine Auditorium. These long-standing institutional anchors continue to support consistent housing demand tied to education, healthcare, and event-driven employment. The property also benefits from direct access to Vermont Ave. and Western Ave., connecting residents to Downtown Los Angeles and surrounding employment corridors. At $120,000 per unit with a 6.81% CAP and 8.56 GRM on current rents, 210 W. 43rd Pl. offers 30 units of scale at a basis that now sits below recent comparable sales, with a clear path to improving operations through a consistent renovation approach.

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Max Berger Compass #02054048

NEARBY SCHOOLS & PROPERTIES

Rosanna Lopez

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 986-0415

rosannalopezrealty@gmail.com

3020 Old Ranch Parkway Suite 250, Seal Beach, CA, 90740, US

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210 W 43rd PL