Vacant Two-Unit
For Sale
$600,000
Pending
1017 W 46th, Los Angeles, CA 90037
Includes one livable residence and a second unit requiring substantial renovation.
Property Size2,160 SF
Days on Market79
Property Features for 1017 W 46th
General Information
Standard status
Pending
Size
2,160 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Vermont Square
Building Details
Building Size
2,160 SF
Year Built
1921
Listing Agency:
Kidder Mathews of California
Listed By:
Everett Wong · License #01991247
(310) 439-5790
Source:
Benbelack
Added: Aug 12
Changed: Oct 26
Last Checked: Oct 28 at 5:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews of California
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Investment Insights
Based on property information with market context.
This 2,160-square-foot duplex contains two 2-bedroom, 1-bathroom residences, with average unit sizes exceeding 1,000 square feet. Both units will be delivered vacant. One residence is described as livable and near move-in ready, while the other requires substantial renovation. A detached garage is located at the rear of the property.
The property occupies a 7,387-square-foot lot at 1017 W 46th in Los Angeles, near Vermont Avenue and 46th Street, with access to major South Los Angeles thoroughfares. The site may also offer potential for additional ADU development, subject to buyer verification. Built in 1921, the property provides a two-unit residential configuration with distinct existing conditions across the residences.
The property occupies a 7,387-square-foot lot at 1017 W 46th in Los Angeles, near Vermont Avenue and 46th Street, with access to major South Los Angeles thoroughfares. The site may also offer potential for additional ADU development, subject to buyer verification. Built in 1921, the property provides a two-unit residential configuration with distinct existing conditions across the residences.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units totaling 2,160 SF
- Both units delivered vacant
- Average unit size exceeds 1,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,088
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,760
$721.8K
Cap Rate 7%
$515,543
$515.5K
Cap Rate 9%
$400,978
$401.0K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$52.9K $24.48/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$51.6K $23.87/SF
− OpEx
−$15.5K −$7.16/SF
NOI
$36.1K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,760
Cap Rate 7%
$515,543
Cap Rate 9%
$400,978
Alternative Uses
Best Use
Multifamily LT 5
$515.5K
$451.1K – $601.5K
NOI $36,088 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$458.2K
$401.0K – $534.6K
NOI $32,076 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$846.4K
$740.6K – $987.4K
NOI $59,246 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,333
Businesses Nearby
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Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Includes one livable residence and a second unit requiring substantial renovation.
Where is this duplex located?
The property is located at 1017 W 46th Los Angeles, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units totaling 2,160 SF; Both units delivered vacant; Average unit size exceeds 1,000 SF
