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1159 E 43rd Pl, Los Angeles, CA 90011

Sale Price: $455,000
Apr 4, 20241,440 sqft3 beds1 baths
Listed by: Frank Shamoo
License #: 01899250
Phone #: 949-295-6491
Innovate Realty, Inc.
Source:
CRMLS Logo
MLS #: OC24064291

Property Description

LOT VALUE with APPROVED PLANS - Property scrapped - RTI and SB8 Cert APPROVED!! Don't miss out on this exceptional investment opportunity! This lot is being sold with approved plans to build an approximately 2,805 sq ft duplex with an ADU, garages/parking, and potential for a 4th unit ADU. The multi-family building offers three units with incredible income potential. The first floor features two separate units: a 2-bedroom, 1-bathroom unit spanning 787 sq ft and a 1-bedroom, 1-bathroom unit spanning 547 sq ft, both with in-unit washer and dryer. Located in a prime area, this property is a fantastic investment opportunity for seasoned investors and first-time buyers. With multiple income streams from the three units, you can enjoy the potential for significant rental income. Schedule a showing today to explore this property’s immense potential for your investment goals.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$9,696

TurboHome Estimated Value

$548,200

$381 sqft

High Valuation
$575,610
$400/sqft
Normal Valuation
$548,200
$381/sqft
Low Valuation
$520,790
$362/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$381/sqft$548,200

Neighborhood: Central City

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Comparative Value

$450K

$480K

$515K

$625K

1159 E 43rd Pl, Los Angeles, CA 90011

List Price: $450,000

Subject Property

1159 E 43rd Pl, Los Angeles, CA 90011

Sale Price: $455,000

Selected Comparable

3815 Paloma St, Los Angeles, CA 90011

Sale Price: $480,000

Selected Comparable

1515 E Martin Luther King Jr Blvd, Los Angeles, CA 90011

Sale Price: $515,000

Selected Comparable

1253 E Martin Luther King Jr Blvd, Los Angeles, CA 90011

Sale Price: $520,000

Selected Comparable

1712 E 41st Pl, Los Angeles, CA 90058

Sale Price: $625,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1159 E 43rd Pl, Los Angeles, CA 90011

1159 E 43rd Pl, Los Angeles, CA 90011

List: $450,000

Listed: 4/4/2024

Area:1,440 sqft
Price/sqft:$313
Beds:3
Baths:1
Year Built:
Lot Size:4,844

Comparable Properties

COMPARABLE
Choose comps
1159 E 43rd Pl, Los Angeles, CA 90011

1159 E 43rd Pl, Los Angeles, CA 90011

Sale: $455,000

10/16/20240.00 mi

Area:1,440 sqft
Price/sqft:$316
Beds:3
Baths:1
Year Built:
Weight:24.1%
3815 Paloma St, Los Angeles, CA 90011

3815 Paloma St, Los Angeles, CA 90011

Sale: $480,000

7/14/20250.60 mi

Area:1,236 sqft
Price/sqft:$388
Beds:3
Baths:2
Year Built:
Weight:19.9%
1712 E 41st Pl, Los Angeles, CA 90058

1712 E 41st Pl, Los Angeles, CA 90058

Sale: $625,000

12/30/20240.72 mi

Area:1,380 sqft
Price/sqft:$453
Beds:3
Baths:
Year Built:
Weight:19.1%
1253 E Martin Luther King Jr Blvd, Los Angeles, CA 90011

1253 E Martin Luther King Jr Blvd, Los Angeles, CA 90011

Sale: $520,000

7/28/20250.46 mi

Area:1,454 sqft
Price/sqft:$358
Beds:4
Baths:2
Year Built:
Weight:18.5%
1515 E Martin Luther King Jr Blvd, Los Angeles, CA 90011

1515 E Martin Luther King Jr Blvd, Los Angeles, CA 90011

Sale: $515,000

6/6/20250.56 mi

Area:1,244 sqft
Price/sqft:$414
Beds:4
Baths:1
Year Built:
Weight:18.4%

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