CA > Los Angeles
Los Angeles, CA 90062,1628 W 45th ST
Los Angeles, CA 90062,1628 W 45th ST
Los Angeles, CA 90062,1628 W 45th ST
7
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$2,000,000
Est. payment /mo
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4 Beds
16 Baths
9,810 SqFt
New

1628 W 45th ST Los Angeles, CA 90062

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

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

CRMLS – RECore
Listed by Max Berger Compass

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Patrick Fossati

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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