632 E 45th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$698,000
632 E 45th Street, Los Angeles, California 90011
0Bed
0Bath
2,322Sqft
6,131Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Generation: The property is explicitly an 'income producing property' currently generating two incomes, providing immediate cash flow for an investor.
Top Cons:
Property Age and Potential for Outdated Systems: Built in 1964, the property is 60 years old, suggesting that major systems (plumbing, electrical, HVAC) and finishes may be original or outdated, potentially requiring significant capital expenditures for upgrades.
Compared to the nearby listings
Price:$698.0K vs avg $672.0K (+$26,000)54%
Size:2,322 sqft vs avg 2,042 sqft81%
Price/sqft:$301 vs avg $34127%
More Insights
Built in 1964 (61 years old).
Condition: Built in 1964, this property is 60 years old and shows significant signs of age and deferred maintenance. The kitchen is severely outdated with a 1970s/80s checkerboard backsplash, old cabinets, and an old stove, indicating it hasn't been significantly renovated in 30-50+ years. While one bathroom appears to have had a partial, budget-friendly update, other areas, like the vacant room shown, are in a neglected state, requiring substantial rehabilitation. The overall condition suggests the property is functional but very uncomfortable and requires major investment to bring it to modern living standards.
Year Built
1964
Close
-
List price
$698K
Original List price
$698K
Price/Sqft
$301
HOA
-
Days on market
-
Sold On
-
MLS number
CV25198250
Home ConditionPoor
Features
Patio
View-
About this home
Unique investment opportunity! Located just miles away from Downtown Los Angeles, this income producing property generates two incomes with clear potential for third. The front main unit includes 3 bedrooms downstairs & 2 of the bedrooms upstairs, totalling 1510 Sq Ft. What makes this unit special is the second floor was at one point being used as a third unit, separate from the downstairs unit—it also includes its own entrance and is currently vacant. The rear second unit is a 2 bedroom 1 bath measuring 812 Sq. Ft.
Nearby schools
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.3mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.4mi
2/10
Harmony Elementary School
Public,•K-5•0.5mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.6mi
2/10
Aurora Elementary School
Public,•K-5•0.7mi
2/10
Main Street Elementary School
Public,•K-5•0.7mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.9mi
5/10
Estrella Elementary School
Public,•K-5•1.0mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.4mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.4mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.6mi
3/10
George Washington Carver Middle School
Public,•6-8•0.2mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.7mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.3mi
2/10
John Muir Middle School
Public,•6-8•1.9mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.9mi
3/10
Manual Arts Senior High School
Public,•9-12•1.6mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.8mi
5/10
Santee Education Complex
Public,•9-12•1.8mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.2mi
Price History
Date
Event
Price
02/19/21
Sold
$580,000
Condition Rating
Poor
Built in 1964, this property is 60 years old and shows significant signs of age and deferred maintenance. The kitchen is severely outdated with a 1970s/80s checkerboard backsplash, old cabinets, and an old stove, indicating it hasn't been significantly renovated in 30-50+ years. While one bathroom appears to have had a partial, budget-friendly update, other areas, like the vacant room shown, are in a neglected state, requiring substantial rehabilitation. The overall condition suggests the property is functional but very uncomfortable and requires major investment to bring it to modern living standards.
Pros & Cons
Pros
Multi-Unit Income Generation: The property is explicitly an 'income producing property' currently generating two incomes, providing immediate cash flow for an investor.
Significant Upside Potential: There is clear potential to add a third income-producing unit from the vacant second floor of the front building, which includes its own entrance, offering substantial future revenue growth.
Strategic Location: Located just miles away from Downtown Los Angeles, this property benefits from a desirable urban location with strong rental demand and potential for appreciation.
Flexible Unit Layout: The front unit's configuration, with 3 bedrooms downstairs and 2 upstairs, and the second floor's past use as a separate unit with its own entrance, offers versatile rental strategies.
Residential Income Property Type: As a Duplex (Residential Income type), it is inherently designed for investment, appealing to buyers seeking passive income and portfolio diversification.
Cons
Property Age and Potential for Outdated Systems: Built in 1964, the property is 60 years old, suggesting that major systems (plumbing, electrical, HVAC) and finishes may be original or outdated, potentially requiring significant capital expenditures for upgrades.
Required Investment for Third Unit Realization: While offering potential for a third unit, this income stream is not yet realized and will require additional investment, permits, and renovation work from the buyer, adding to the initial cost and effort.
Lack of Specific Condition Details: The description focuses on income potential but provides no details on the current condition of the units, finishes, or recent renovations, implying that cosmetic or functional improvements may be necessary to maximize rental value and tenant appeal.