1040 W 45th Street, Los Angeles, California 90037, Los Angeles, 90037 - 3 bed, 1 bath
1040 W 45th Street
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 1040 W 45th Street, Los Angeles, California 90037 reveals a Fairly Priced Property with a current list price of $625,000 aligned with the estimated $609,572 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1040 W 45th Street Subject | $625,000* List Price | 3 | 1 | 1,344 | $454 | - |
A 4239 South Raymond Avenue Sold | $565,000 | 2 | 1 | 1,218 | $464 | 0.4 mi |
B 4242 Kenwood Avenue Sold | $592,500 | 2 | 1 | 1,244 | $476 | 0.4 mi |
C 1311 W 49th Street Sold | $500,000 | 3 | 1 | 1,215 | $412 | 0.4 mi |
D 1159 W 52nd Street Sold | $583,000 | 4 | 3 | 1,257 | $464 | 0.5 mi |
E 933 W 57th Sold | $585,000 | 3 | 2 | 1,152 | $508 | 0.8 mi |
F 1021 W 53rd St Sold | $725,000 | 4 | 2 | 1,649 | $440 | 0.6 mi |
G 1225 W 52nd Street Pending | $605,000 List Price | 3 | 1 | 1,317 | $459 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1911, this property shows significant deferred maintenance and aging infrastructure. The kitchen is highly outdated with worn walls, mismatched appliances, and a lack of modern cabinetry. The interior features old carpeting and dated fixtures, while the exterior and yard are unkempt with peeling paint and dirt landscaping, indicating a need for substantial rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Craftsman Charm
Built in 1911, this Craftsman-style home offers timeless architectural character and a unique aesthetic that is highly sought after in the Los Angeles market.
- Expansive Lot Size
The property sits on a generous 6,650 sqft lot, providing an 'extra-large' yard that offers significant potential for landscaping, outdoor entertaining, or the addition of an ADU.
- Value-Add Potential
Identified as needing some TLC, this property presents an excellent opportunity for investors or primary buyers to build sweat equity through strategic renovations.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-07-08. The sold price is $401,000.00.
- Required Renovations
The property is explicitly noted as needing 'TLC,' indicating that immediate capital investment will be required to address deferred maintenance and cosmetic updates.
- Limited Bathroom Count
With three bedrooms and only one bathroom, the home's configuration may be restrictive for modern families and could impact overall marketability.
About 1040 W 45th Street
Craftsman style home in Los Angeles looking for a new ower. This home offers 2 bedrooms 1 bathroom and an extra-large yard. The home is in need of some TLC, but considering the age is in great shape.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1911
- Lot Size
- 6,650 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Dr. James Edward Jones Primary Center
Grades K-2 • 0.1 mi
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.2 mi
Normandie Avenue Elementary School
Grades K-5 • 0.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 1,344 | 1,344 | 50% |
| Lot Size | 6,650 | 5,721 | 79% |
| Price | $625.0K | $650.0K | 34% |
| Price per sq ft | $465 | $464 | 52% |
| Built year | 1911 | 1911 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 204 | 186 | 59% |
Pricing History
Listed for Sale
Aug 14, 2025
$625,000
Initial Listing
Sold
Jul 8, 2025
$401,000
Public Record