Two-Unit Duplex with New
New
For Sale
$1,099,000
1040 W 45th St, Los Angeles, CA 90037
Two vacant residences provide a flexible arrangement for owner occupancy, rental use, or multigenerational living.
Property Size2,438 SF
Days on Market5
Property Features for 1040 W 45th St
General Information
Standard status
Active
Size
2,438 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
South Los Angeles
Additional Details
Multifamily Units
2
Building Details
Building Size
2,438 SF
Year Built
1911
Listing Agency:
Serhant California, Inc
Listed By:
Barbara Isabel · License #02057627
(213) 259-5283
Source:
Jademillsestates
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 28 at 4:13PM
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 Serhant California, Inc
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Investment Insights
Based on property information with market context.
This duplex pairs a remodeled front home with a newly built rear ADU. Each residence has 3 bedrooms and 2 bathrooms, for a combined total of 6 bedrooms and 4 bathrooms. The front home contains approximately 1,344 square feet, and the residences have separate addresses.
Both homes are vacant. On-site parking serves the property, and the two-residence layout supports occupancy of one home while leasing the other, or use of both as rentals.
Both homes are vacant. On-site parking serves the property, and the two-residence layout supports occupancy of one home while leasing the other, or use of both as rentals.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Newly constructed rear ADU paired with a remodeled front home
- Front residence offers approximately 1,344 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,733
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,660
$814.7K
Cap Rate 7%
$581,900
$581.9K
Cap Rate 9%
$452,589
$452.6K
Market Conditions
NOI Build-Up for 2,438 SF
Gross rent
$59.7K $24.48/SF
− Vacancy
−$1.5K −$0.61/SF
EGI
$58.2K $23.87/SF
− OpEx
−$17.5K −$7.16/SF
NOI
$40.7K $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%
$814,660
Cap Rate 7%
$581,900
Cap Rate 9%
$452,589
Alternative Uses
Best Use
Multifamily LT 5
$581.9K
$509.2K – $678.9K
NOI $40,733 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$517.2K
$452.6K – $603.4K
NOI $36,204 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$955.3K
$835.9K – $1.11M
NOI $66,871 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,360
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences provide a flexible arrangement for owner occupancy, rental use, or multigenerational living.
Where is this duplex located?
The property is located at 1040 W 45th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Newly constructed rear ADU paired with a remodeled front home; Front residence offers approximately 1,344 square feet
