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    1628 W 45Th St Los Angeles, CA 90062

    For Sale
    $2,000,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    9,810 SF
    Lot size:
    0.13 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 8 at 10:06 pm

    Property Features for 1628 W 45Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR1
    Rooms
    Bathroom 8, Bathroom 4, Bathroom 10, Bathroom 12, Bedroom 4, Bathroom 9, Bathroom 5, Bathroom 15, Laundry Room, Bathroom 16, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 7, Bathroom 13, Bathroom 11, Bathroom 6, Bathroom 2, Bedroom 2, Bathroom 14
    Bedrooms
    4
    Bathrooms
    16
    APN
    5016-007-022
    Size
    9,810 SF
    Lot size
    0.13 Acres

    Building Details

    Year built
    1927
    Floors in Building
    2
    Number of units
    16

    Compass

    Listing agent Max Berger (310) 230-5478 License #02054048

    Listing date Nov 27, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South LA Multifamily Investment

    Located in the Vermont Square neighborhood of South Los Angeles, 1628 West 45th Street presents a value-add multifamily opportunity. The property is offered at $125,000 per unit. The building is situated near Western and Vernon, at the convergence of several South LA corridors. The location offers convenience for residents, being 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 adjacent to Leimert Park. The property includes community laundry and separate utilities for electricity and gas. The property, with approximately 32% rental upside, is projected to stabilize at a 10.85% market CAP and 6.48 market GRM once renovated units are brought to full market rents. The property size is 9,810 square feet, situated on a lot of 0.13 acres. The zoning is LAR1. The building offers a compelling entry point relative to competing assets across South LA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.307801
    Latitude
    34.002543

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    FAQs

    What type of property is this?
    Apartment building - Value-add multifamily opportunity in South LA's Vermont Square neighborhood.
    Where is this apartment building located?
    The property is located at 1628 W 45Th St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Value-add opportunity with 3 vacant units and significant (approx. 32%) rental upside.; - Favorable pricing metrics: $125,000 per unit, $204 per foot, 7.28% CAP, and 8.75 GRM.; - Projected to stabilize at a 10.85% market CAP and 6.48 market GRM after renovations.
    (310) 230-5478
    Request Owner's contact information
    1628 W 45Th St Los Angeles, CA 90062
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    Los Angeles, CA 90062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1628 W 45Th St Los Angeles, CA 90062
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