838 E 43rd St, Los Angeles, CA 90011

Property Overview

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838 E 43rd St is a value-add 8-unit multifamily property offering immediate rent growth and strong cash flow expansion through stabilization in a core South Los Angeles rental submarket. The business plan is driven by straightforward lease-up + mark-to-market execution, positioning the asset as an accessible income play with meaningful upside.

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Key Property Details

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• Location: Location: 838 E 43rd St, Los Angeles, CA 90011
• ‍Lot Size: 7,808 square feet
• ‍Total Building Area: 5,686 square feet
• ‍Units: 8
• ‍Unit Mix: (2) - 2+1, (5) - 1+1, (1) - Studio
• ‍Zoning: LA D2
• ‍Year Built : 1914
• ‍Rent Control: Yes
  

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Investment Highlights

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• Immediate rent upside through lease-up + natural turnover: The property includes one vacant unit and multiple apartments leased below prevailing market levels, allowing a new owner to begin capturing upside immediately through stabilization—without needing aggressive assumptions.
• Cash flow expansion driven primarily by achievable rent growth: Under conservative underwriting, the investment thesis is based on revenue growth as rents move toward market—rather than relying on complex repositioning or speculative renovations.
• Diversified unit mix supports durable renter demand: The mix of two-bedrooms, one-bedrooms, and a studio appeals to a broad tenant base and supports stable occupancy while offering multiple paths to grow income across the rent roll.
• Simple execution plan with clear operational levers: Current expense levels are underwritten conservatively and normalize favorably upon stabilization, creating a clean runway for NOI expansion through straightforward ownership and management.
• Attractive entry basis provides downside protection: Offered at $143,750/unit, the property is positioned meaningfully below nearby comparable sales, supporting both near-term upside and future exit flexibility.
• Clear exit strategy to local private buyers and 1031 demand: Once stabilized, the asset is well-positioned for sale to local private investors and 1031 exchange buyers seeking stabilized yield in South Los Angeles.

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Neighborhood and Accessibility

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Located in South Los Angeles, 838 E 43rd St sits within a high-demand rental corridor where housing affordability and tenant demand support long-term occupancy. The property’s unit mix and stabilization profile align well with the area’s renter base, making it a compelling fit for investors targeting durable collections and scalable cash flow growth.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl