1643 W 46th Street, Los Angeles, California 90062, Los Angeles, 90062 - 3 bed, 2 bath
ACTIVE$700,000
1643 W 46th Street, Los Angeles, California 90062
3Beds
2Baths
1,602Sqft
5,487Lot
Year Built
1910
Close
-
List price
$700K
Original List price
$800K
Price/Sqft
$437
HOA
-
Days on market
-
Sold On
-
MLS number
SB24241049
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $700.0K(41th), sqft - 1602(68th), beds - 3(50th), baths - 2(50th).
PRICE REDUCED TO SELL with NOT ONE but TWO rental units in rear with separate entrance. Home is LARGE with lots of character and personality. Boasts of original character with the ability modify as desired or leave its quaint appearance. Living room features very high beamed celings with fireplace, foyer, LARGE dining room area with chandeleir, LARGE kitchen w/eat-in breakfast area with lots of light and windows, overlooking backyard surrounded by fruit trees and peace. Some upgrages and separate laundry room. Minutes from DTLA, SOFI, USC, CRYPTO Arena & Convention Center. Great for multifamily and/or income from nearby college students. Come see this one while it lasts!
Nearby schools
3/10
Normandie Avenue Elementary School
Public,•K-5•0.6mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.9mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.1mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.1mi
2/10
John Muir Middle School
Public,•6-8•1.4mi
3/10
Manual Arts Senior High School
Public,•9-12•1.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.2mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.6mi
Price History
Date
Event
Price
10/08/25
Price Change
$700,000
11/26/24
Listing
$800,000
06/21/22
Sold
$700,000
Condition Rating
Fair
Built in 1910, the property retains much of its original character but shows significant age and wear. While some minor updates appear to have been done (likely 15-30 years ago, such as basic kitchen cabinets and bathroom vanities), the overall condition is dated. The hardwood floors are worn and scratched, requiring refinishing. The bathrooms feature very outdated styles (e.g., pink walls, older tiles) and basic fixtures. The kitchen is small, very basic, and equipped with older appliances, indicating a need for a complete renovation. Major components are functional but clearly outdated, aligning with the 'Fair' condition criteria for a property that requires minor updates or repairs to meet modern standards, rather than structural rehabilitation.
Pros & Cons
Pros
Income-Generating Potential: The property features two rental units in the rear with a separate entrance, offering significant income potential, especially for multi-family use or student rentals given its proximity to USC.
Prime Location: Strategically located minutes from major Los Angeles attractions including DTLA, SOFI Stadium, USC, Crypto Arena, and the Convention Center, enhancing its appeal for residents and renters.
Historic Charm & Spaciousness: Built in 1910, the home boasts original character, high beamed ceilings, a fireplace, and large living, dining, and kitchen areas, providing a unique and spacious living environment.
Motivated Seller & Price Reduction: The price has been significantly reduced from $800,000 to $700,000, indicating a motivated seller and a potential opportunity for buyers to acquire the property at a more competitive price.
Outdoor Amenities: The property includes a backyard surrounded by fruit trees, offering a peaceful outdoor retreat, along with a separate laundry room for convenience.
Cons
Age and Potential for Extensive Upgrades: As a 1910 build, despite its character, the property likely requires substantial investment for modernization, system updates, and ongoing maintenance beyond the 'some upgrades' mentioned.
Listing Price Above Estimated Value: The current listing price of $700,000 is 6% higher than the property's estimated value of $656,215.62, which may suggest it is currently overpriced relative to market estimations.
Low-Rated Local Schools: Several nearby public schools, including elementary, middle, and high schools, have low ratings (1-3 out of 10), which could be a significant deterrent for families with school-aged children.