Homes for sale - 1628 W 45th St, Los Angeles, CA 90062

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Sharlotte Blake

sharlotteblake@me.com +1(323) 219-1101

$2,000,000

Est. payment - /mo

4 Beds

16 Baths

9,810 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,810 sqft

Price per Sqft $203

MLS Listing ID 25620917

Bedrooms 4

Year Built 1927

Lot Size 5,613 Sqft

Property Sub-Type Multi-Family

Property Description

***Now with 3 vacant units*** 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 7.28% CAP and 8.75 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. 32% rental upside, the building is projected to stabilize at a 10.85% market CAP and 6.48 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 Los Angeles Southwest

Zoning LAR1

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Laundry Community, Room

Exterior

Parking Features None

View Y/N No

View None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

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Sharlotte Blake

+1(323) 219-1101

Broker Associate | License ID: 02035876

Broker Associate License ID: 02035876

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Los Angeles, CA

1628 W 45th St Los Angeles, CA 90062

Sharlotte Blake

Key Details

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Exterior

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Others

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1628 W 45th St