1628 W 45th Street, Los Angeles, CA 90062

• 9,810 sqft

Property Description

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 6.97% CAP and 8.82 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. 35% rental upside, the building is projected to stabilize at a 10.80% market CAP and 6.52 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 enh

Listing Status:

Active

Date Added:

November 19, 2025 at 06:00AM

Listing Office:

Compass : 310-230-5478

Listing Agent:

Max Berger : 818-321-4972

MLS ID:

CL25620917

Interior

• Laundry: Common AreaLaundry Room

Exterior

• Parking: None

Location

• County: Los Angeles

Lot

• Zoning: LAR15016007022
• View: None

This listing courtesy of Max Berger, Compass