210 W 43rd Pl, Los Angeles, CA 90037
30-Unit Value-Add Multifamily Offering in Historic South-Central
210 W 43rd Pl is a 30-unit South Los Angeles multifamily property offering strong in-place yield, immediate vacancy-driven upside, and competitive entry pricing relative to recent sales in the surrounding submarket. Offered at $131,667 per unit, the property provides an accessible basis with durable income and a clear path to improved cash flow through renovation and lease-up.
The asset is currently operating at a 6.38% CAP rate and a 9.13 GRM on existing rents, providing a stable income base from day one. For investors targeting South LA multifamily opportunities with both current yield and near-term upside, 210 W 43rd Pl presents a balanced acquisition profile.
Immediate Upside Through Vacancies and Renovation Potential
210 W 43rd Pl offers approximately 17% rental upside compared to renovated units in the surrounding market. Based on projected market rents, the property is expected to stabilize at an 8.14% market CAP rate and a 7.80 market GRM.
Five units are delivered vacant, allowing a buyer to begin renovations and lease-up immediately without tenant displacement. This vacancy-driven upside accelerates the timeline to enhanced NOI and provides flexibility to establish market rents early in the hold period.
Several units at 210 W 43rd Pl have already been renovated and are in good condition, offering a clear template for continued upgrades across the remaining units.
Traditional South LA Apartment Layout With Secure Access
The building features a secure, gated entry and a traditional South LA apartment layout that supports efficient management and tenant flow. The exterior presents a clean and functional street presence, while common areas are straightforward and well maintained.
Renovated units include tile flooring, ample cabinetry, gas stoves, wall-mounted A/C units, and ceiling fans. Unit layouts offer defined living areas with good natural light, providing a consistent framework for future interior improvements across the balance of the property.
Historic South-Central Location Near Major Employment Anchors
Located in the Historic South-Central neighborhood, 210 W 43rd Pl benefits from proximity to some of Los Angeles’ most consistent employment, education, and entertainment drivers. The property sits minutes from the University of Southern California, Exposition Park, The Shrine Auditorium, BMO Stadium, and the LA Memorial Coliseum complex.
These year-round destinations support steady housing demand tied to education, healthcare, and event-driven employment. The surrounding area also offers convenient access to major north-south corridors along Vermont Avenue and Western Avenue, further reinforcing connectivity throughout South Los Angeles and into Downtown.
Conclusion: Vacancy-Driven Value-Add Opportunity in South Los Angeles
210 W 43rd Pl presents a compelling value-add opportunity combining favorable entry pricing, strong in-place income, and immediate upside through existing vacancies in a supply-constrained South LA submarket. The property’s scale, renovation progress, proximity to USC and Exposition Park, and clear path to increased NOI position 210 W 43rd Pl as an attractive acquisition for investors seeking yield, flexibility, and long-term growth in Historic South-Central.
Marketing Package:
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Property Location
Listed Price
$3,950,000
Information
Number of Units
Price per. Unit
Building Size
Price per Foot
Vacancies
Year Built
Unit Mix
Current CAP
Market CAP
8.14%
Current GRM
Market GRM
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