456 E 43rd Place, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$950,000
456 E 43rd Place, Los Angeles, California 90011
0Bed
0Bath
2,640Sqft
5,000Lot
Year Built
1905
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25239911
Home ConditionGood
Features
View-
About this home
One VACANT 2 bedroom and 1 bath & One vacant 1 bedroom and 1 bath while the other TWO 1 bedroom and 1 bath are each rented out for $2200 each with section 8 tenants in place. All units have been FULLY REMODELED and they are all in a FANTASTIC CONDITION. FOUR PARKING spots are available in the back and possible to built an ADU. This is a PERFECT PROPERTY for an FHA buyer (and buyer pays 3% concession towards buyer's closing costs) and live in one of the vacant units and have your mortgage paid for and still have a positive cash flow. Or for any investor who wants to rent them all out and have $9,500+ Plus in rental income.
Nearby schools
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.4mi
2/10
Harmony Elementary School
Public,•K-5•0.4mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.5mi
3/10
Trinity Street Elementary School
Public,•K-5•0.5mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.6mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.6mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.8mi
/10
Maple Primary Center
Public,•K-1•0.8mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.8mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•1.0mi
5/10
Dolores Huerta Elementary School
Public,•K-5•1.1mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.3mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.3mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.4mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.5mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.6mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.8mi
2/10
John W. Mack Elementary School
Public,•K-5•2.2mi
4/10
Norwood Street Elementary School
Public,•K-5•2.2mi
3/10
George Washington Carver Middle School
Public,•6-8•0.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.1mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.3mi
4/10
John Adams Middle School
Public,•6-8•1.3mi
2/10
John Muir Middle School
Public,•6-8•1.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.5mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.9mi
3/10
Manual Arts Senior High School
Public,•9-12•1.5mi
5/10
Santee Education Complex
Public,•9-12•1.7mi
4/10
West Adams Preparatory High School
Public,•9-12•2.8mi
Price History
Date
Event
Price
10/15/25
Listing
$950,000
03/17/25
Sold
$731,000
12/16/11
Sold
$178,000
06/06/05
Sold
$525,000
04/30/04
Sold
$415,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,640 | 2,022 | 92% |
| Lot Size | 5,000 | 5,364 | 25% |
| Price | $950K | $710K | 88% |
| Price per square foot | $360 | $348.5 | 58% |
| Built year | 1905 | 9610962 | 13% |
| HOA | |||
| Days on market | 21 | 167 | 4% |
Condition Rating
Good
Despite being built in 1905, the property has been 'fully remodeled' as stated in the description, which is supported by the images. The kitchens feature new white cabinets, laminate countertops, and new-looking laminate flooring, though appliances are basic (older white refrigerator). Bathrooms are also updated with new vanities, tiled showers, and clean fixtures. All units appear freshly painted with consistent, new-looking flooring throughout. While the finishes are functional and clean, they are not high-end or luxurious, preventing an 'Excellent' rating. The property is move-in ready and well-maintained, fitting the criteria for a 'Good' condition score.
Pros & Cons
Pros
Strong Income Potential: This quadruplex offers significant rental income potential, with two units already rented at $2200 each (Section 8) and two vacant units (2-bed/1-bath and 1-bed/1-bath) ready for immediate occupancy or new tenants, projecting $9,500+ in total monthly income.
Fully Remodeled Units: All four units have been fully remodeled and are in fantastic condition, minimizing immediate capital expenditures for a new owner and enhancing tenant appeal.
ADU Potential & Ample Parking: The property includes four dedicated parking spots, a valuable amenity in Los Angeles, and offers the potential to build an Accessory Dwelling Unit (ADU) for future income generation and increased property value.
FHA Buyer Opportunity: Explicitly marketed as ideal for FHA buyers, allowing an owner-occupant to live in one of the vacant units, potentially covering their mortgage with rental income from the other units, and includes a 3% concession towards buyer's closing costs.
Stable Tenancy (Section 8): Two units are currently occupied by Section 8 tenants, which typically ensures reliable and consistent rental payments, contributing to stable cash flow.
Cons
Age of Property: Built in 1905, despite recent remodels, the property's age may present underlying structural or system challenges (e.g., plumbing, electrical) that could require future maintenance or upgrades.
Section 8 Tenant Management: While providing stable income, managing Section 8 tenancies can involve specific regulations, inspections, and potentially different tenant dynamics compared to market-rate rentals.
Vacancy Risk for Unoccupied Units: Two units are currently vacant, meaning the projected full rental income is not immediately realized. The buyer will need to actively market and secure new tenants to achieve the advertised cash flow, incurring potential vacancy costs.