1628 W 45th St

Los Angeles, CA 90062

$2,000,000
Price
4
Beds
16
Baths
9,810 Sq. Ft.
$204 / Sq. Ft.
9,810
Sq. Ft.
$204
per Sq. Ft.
Listed By Compass
Listed By Compass
a front view of a house with windows
a view of a house with a barbeque area
a hallway with dining area and chandelier
a view of gallery
a view of a street with an outdoor seating
a view of door lock
a bathroom with a sink a toilet and a shower

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...***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.

Property Details for 1628 West 45th Street

Zoning
LAR1
Cross Streets
Western Ave. and Vernon Ave.
Property Attached YN
true
Parcel Number
5016007022
Total Units
16.0
Living Area
9810
Source Living Area
Other
Area
Los Angeles Southwest (C34)
LISTING UPDATED: 11/27/2025 12:06 AM

Property Details for 1628 West 45th Street

StatusActive
MLS #25620917
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.13 AC / 5,613 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Max Berger, DRE #02054048
Add your commute

Building Information for 1628 West 45th Street

Stories2Residences-Year Built1927Building Size-Lot Size0.13 AC / 5,613 SF

Payment Calculator

$10,859 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,883

Property Taxes

$976

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1628 West 45th Street

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Open
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $227,495
  • Net Operating Income: $145,503.00
  • Gross Income: $233,328
  • Cap Rate: 7.28%
  • Gross Rent Multiplier: $8.57
  • Financial Info as Of: 11/25/2025
  • Total Annual Expense: 81991
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Paved: No
  • Lot Size Square Feet: 5613
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Other
  • Cooling Type: Other
  • Heating: Other
  • Heating Type: Other
  • Equipment: Other
  • Common Walls: Attached
  • Laundry: Community, Room
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-19-2025
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,330.00
  • Unit Actual Rent: $5,317.00
  • Unit Projected Rent: $7,580.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,131.00
  • Unit Actual Rent: $13,571.00
  • Unit Projected Rent: $17,940.00
  • Like Units: 12
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 1628 West 45th Street

DateEvent & SourcePriceAppreciation
Nov 19, 2025

Listed (Active)

CRMLS #25620917

$2,000,000—
Nov 19, 2025

Listed (Active)

CLAW #25620917

$2,000,000—
DateEvent & SourcePrice
11/19/2025

Listed (Active)

CRMLS #25620917

$2,000,000
11/19/2025

Listed (Active)

CLAW #25620917

$2,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1628 West 45th Street

Taxable ValueLand$353,664Additions$497,734Total$851,398
Tax Record2025$11,717 ($976 / month)
Home Facts
Total Finished SqFt9,810 SqFtAbove Grade Finished SqFt9,810 SqFtLot Size5,611 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningLAR1CountyLOS ANGELESAPN5016-007-022

Schools near 1628 West 45th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
KIPP Vida Preparatory Academy
Charter - K to 4
Barack Obama Global Preparation Academy
Public - 6 to 11
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public - 9 to 12
Academy of Media Arts
Charter - 9 to 12
Rating
School
Distance
KIPP Vida Preparatory Academy
CharterK to 4

Barack Obama Global Preparation Academy
Public6 to 11

Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public9 to 12

Academy of Media Arts
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1628 West 45th Street, Los Angeles, CA 90062

1628 West 45th Street is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on November 19, 2025 by Compass, it's currently listed at $2,000,000. This listing's school district is Los Angeles Unified School District. Nearby schools include KIPP Vida Preparatory Academy, Barack Obama Global Preparation Academy and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 1628 West 45th Street is a 4-bed, 16-bath, 9,810 sqft multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Max Berger, DRE #02054048

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.