7
See all 7 photos
$2,000,000
Est. payment /mo
4 Beds
16 Baths
9,810 SqFt
New
1628 W 45th ST Los Angeles, CA 90062
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,810 sqft
Price per Sqft $203
MLS Listing ID 25620917
Bedrooms 4
HOA Y/N No
Year Built 1927
Lot Size 5,614 Sqft
Property Description
Offered at $125,000 per unit, 1628 West 45th is a South LA value-add opportunity that immediately pencils for investors focused on yield, long-term upside, and a favorable basis. Priced at $204 per foot with current metrics of a 6.97% CAP and 8.82 GRM, the property offers a compelling entry point relative to competing assets across South LA. It is priced in line with recent sales comps and positioned to sell, supported by a motivated seller who is prepared to meet the market. With approx. 35% rental upside, the building is projected to stabilize at a 10.80% market CAP and 6.52 market GRM once renovated units are brought to full market rents. Located in the Vermont Square neighborhood near Western and Vernon, the property sits at the convergence of several South LA corridors that continue to attract both local and institutional investors. The location delivers meaningful convenience for residents, situated just 0.7 miles from both MLK Elementary School and Normandie Avenue Elementary School, 1.5 miles from Exposition Park, and 2 miles from the Baldwin Hills Crenshaw Mall. The site is also adjacent to Leimert Park, one of the most culturally significant and fastest evolving neighborhoods in South LA. This concentration of schools, parks, retail corridors, and cultural amenities enhances the long-term renter pool and strengthens the foundation for sustained rent growth. Property amenities include community laundry and separate utilities for electricity and gas. With favorable pricing metrics, meaningful rental upside, and proximity to key South LA anchors, 1628 W. 45th provides an accessible path to creating long-term yield within a neighborhood poised for continued growth.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR1
Interior
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features None
View Y/N No
View None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5016007022
Special Listing Condition Standard
Listed by Max Berger Compass
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