1054 West 45th Street

Los Angeles, CA 90037

$1,150,000
Last Sold Price
10
Beds
5
Baths
3,617 Sq. Ft.
$318 / Sq. Ft.
3,617
Sq. Ft.
$318
per Sq. Ft.

Description

Cash cow property! $117,300 Gross Income. CAP Rate is 7.48! This FULLY REMODELED property is located close to USC. Property contains 2,081 sqft 2-story home (6 beds + 3 baths) & a 1,536 sqft 2-story Duplex (2 beds + 1 bath for each unit). All upgrades throughout the property have been done with permits & approved by Building & Safety Dept. The following have been done recently: interior framing, copper plumbing, abs lines, gas lines, insulation, dual-paned windows, drywall, recessed lighting, high-grade...Cash cow property! $117,300 Gross Income. CAP Rate is 7.48! This FULLY REMODELED property is located close to USC. Property contains 2,081 sqft 2-story home (6 beds + 3 baths) & a 1,536 sqft 2-story Duplex (2 beds + 1 bath for each unit). All upgrades throughout the property have been done with permits & approved by Building & Safety Dept. The following have been done recently: interior framing, copper plumbing, abs lines, gas lines, insulation, dual-paned windows, drywall, recessed lighting, high-grade wax-coating, laminate & tile flooring, paint, cabinets & counters, sinks, faucets, tankless water heaters, laundry washer/dryer hookups, 3-car Mesa garage doors, new electrical panels for house & garage. Note, plumbing on each unit have separate copper lines (making it very easy to put separate meters on each unit). Private parking for 12 cars (3 garage, 8 in driveway, 1 carport). TV & 16 camera security system wiring throughout. LOCATION is near USC, the Coliseum, Expo Park, Science Center, Natural History Museum, the Banc of Ca Stadium (home to the LAFC) as well as the $1 Billion George Lucas Museum of Narrative Art and much more. Previously rented to students at $1,000 per room. Front house is owner occupied and rear units have tenants (month-to-month contracts). Front house (6 beds, 3 baths) to be delivered vacant. Duplex (2 beds, 1 bath each) will be delivered occupied. Please do not Disturb the tenants & do not walk the property.
  1. Listed by Mark Velasco • DRE #01789768 • Sharpstone Realty, Inc.

Property Details for 1054 West 45th Street

Architectural Style
Contemporary, Craftsman, Mid Century Modern, Spanish
View
City Lights, Neighborhood
Parking Spaces Total
12
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Sharpstone Realty, Inc., Mark Velasco, DRE #01789768

Sold By CAL AMERICAN HOMES AND REALTY, GIOVANNI GALLARDO, DRE #01884714

Add your commute
LISTING UPDATED: 02/26/2021 03:21 AM

Property Details for 1054 West 45th Street

StatusClosed
MLS #DW20171388
Days on Market81
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.17 AC / 7,387 SF
CountyLos Angeles County

Location

Listing Courtesy of Sharpstone Realty, Inc., Mark Velasco, DRE #01789768

Sold By CAL AMERICAN HOMES AND REALTY, GIOVANNI GALLARDO, DRE #01884714

Add your commute

Building Information for 1054 West 45th Street

Stories-Residences-Year Built1925Building Size-Lot Size0.17 AC / 7,387 SF

Payment Calculator

$7,513 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$1,237

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1054 West 45th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $117,300
  • Gross Scheduled Income: $117,300
  • Gross Spendable Income: $111,435
  • Vacancy Allowance: 5865
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $111,435
  • Net Operating Income: $95,805
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Other Income Description: 0
  • Other Income 1: $0
  • Other Income 2: $0
  • Gross Multiplier: 11.53
  • Cap Rate: 7.48
  • Financing: Conventional
Expense Details
  • Operating Expense: $15,630
  • Operating Expense Percent: 7.13%
  • New Taxes Expense: $12,120
  • Gardener Expense: $600
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Licenses Expense: $0
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $1,200
  • Insurance Expense: $420
  • Maintenance Expense: $0
  • Maintenance Percent: .00%
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Other Expense: $0
  • Other Expense Description: 0
  • Trash Expense: $1,125
  • Water Sewer Expense: $1,125
  • Supplies Expense: $0
  • Total Expenses: $16,590
Tax / Assessment Info
  • Tax Block: 8
  • Tax Tract Number: 2322
  • Tax Census Tract: 2322.00
  • Tax Lot: 16
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Sidewalks, Urban
Property / Structure Info
Interior Features
  • Appliances: ENERGY STAR Qualified Water Heater, Gas Water Heater, Ice Maker, Microwave, Water Heater
  • Equipment: Ice Maker, Inside, Microwave, Room
  • Interior Features: Ceiling Fan(s), Granite Counters, Open Floorplan, Pantry, Partially Furnished, Recessed Lighting, Tandem, Wired for Data, Wired for Sound
  • Room Type: Attic, Kitchen, Laundry, Living Room, Main Floor Bedroom, Two Masters
  • Bedroom Features: Main Floor Bedroom
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Heating Type: Central, Wall Furnace
  • Flooring Type: Carpet, Laminate, Wood
Exterior Features
  • Security Features: Automatic Gate, Fire and Smoke Detection System, Smoke Detector(s), Wired for Alarm System
  • Security: Automatic Gate
  • Construction Materials: Drywall Walls
  • Exterior Features: Rain Gutters
  • Roof: Clay, Shingle
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Foundation Details: Raised
  • Other Structures: Second Garage Attached, Storage
  • Property Condition: Turnkey, Updated/Remodeled
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Corner Lot, Front Yard, Lot 6500-9999, Rectangular Lot, Near Public Transit, Patio Home, Paved
  • Number Of Units: 3
  • Improvements Amount: $119,000.00
  • Improvements Percent: 8.49%
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 3
  • Carport Spaces: 1
Property / Structure Info
  • Personal Property Amount: $.00
  • Personal Property Percent: .00%
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 6
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,825
  • Unit Type Total Rent: $1,825
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Carpet: 0
  • Number With Disposal: 3
  • Number With Drapes: 0
  • Number With Patio: 0
  • Number Wall AC: 0

Property History for 1054 West 45th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1054 West 45th Street

Taxable ValueLand$884,340Additions$312,120Total$1,196,460
Tax Record2023$14,845 ($1,237 / month)
Home Facts
Total Finished SqFt3,617 SqFtAbove Grade Finished SqFt3,617 SqFtLot Size7,387 SqFtStyleTriplexYear Built1925ZoningLAR1CountyLOS ANGELESAPN5017-031-016

Schools near 1054 West 45th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - K to 5
Public - 6 to 9
Public - 9 to 12
Rating
School
Distance
Dr. James Edward Jones Primary Center
PublicK to 2

Marguerite Poindexter Lamotte Elementary
PublicK to 5

Barack Obama Global Preparation Academy
Public6 to 9

Manual Arts Senior High School
Public9 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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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sharpstone Realty, Inc., Mark Velasco, DRE #01789768

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.