239 W 43rd St, Los Angeles, CA 90037

239 W 43rd St, Los Angeles, CA 90037

Los Angeles, CA

Property Description

239 W 43rd St presents an exceptional opportunity for savvy investors seeking a strategic location close to Downtown and USC. Priced below replacement cost, this property offers immense potential for value enhancement, projecting over 30% increase in gross monthly income. The property showcases well-designed floor plans that are truly remarkable. The front building comprises four expansive 1-bedroom units, averaging over 900 sq ft each. These units feature a dining room, a living room (currently repurposed as an extra bedroom), a kitchen, a den, and a bathroom. The two upper units enjoy the added feature of private balconies. The rear building takes the form of a secluded 500 sq ft 1-bedroom/1-bath bungalow-style unit, complete with its own yard, living room, and kitchen. With an attractively low price per square foot, this investment offers an ideal proposition for ownership within close proximity to USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art’s District, the Reef, Banc of California Stadium, LA Live, and a plethora of other substantial new developments worth billions of dollars.

Property Features

  • Sale Price: $945,000
  • Area Size: 4,188 Sq. Ft.
  • Land Area: 6,352 Sq. Ft.
  • Year Built: 1911
  • Listing Date: 4/25/2023
  • Units: 5
  • Current GRM: 14.17
  • Current Cap Rate: 3.85%
  • Price Per Unit: $189,000
  • Market GRM: 7.50
  • Market Cap Rate: 9.36%
  • Current NOI: $36,406

Lyon Stahl Investment Real Estate

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