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1628 W 45th St, Los Angeles, CA 90062

For Sale

$2,000,000

4 beds • 2 baths • 9,810 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $203.87
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

***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.
MLS# 25620917

Courtesy Of Compass

(310) 230-5478

Property Features

  • Age
    Over 50 Years Old
  • Lot Size
    0.13 Acres
  • Rooms
    Laundry Room

Map and Directions

Directions to 1628 W 45th St, Los Angeles, CA 90062

Home seller CENTURY 21 A Better Service Realty

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CENTURY 21 A Better Service Realty

(562) 806-1000
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.