146 E 45th Street, Los Angeles, California 90011, Los Angeles, - bed, bath

home-pic
ACTIVE$600,000
146 E 45th Street, Los Angeles, California 90011
4Beds
3Baths
2,724Sqft
6,667Lot
Year Built
1904
Close
-
List price
$600K
Original List price
$659K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25182241
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights

About this home

PRICE ADJUSTMENT - A Turn-of-the-Century Triplex in South LA — Ready for Its Next Chapter...Built in **1904**, this split-level triplex offers a rare opportunity to own a piece of Los Angeles history. Featuring one spacious **2-bedroom/1-bath** unit upstairs and two **1-bedroom/1-bath** units downstairs, each with its own gas meter, the property blends vintage character with untapped potential. Come with your hammer, nails & creativity, ideal for an all-cash buyer or those using an FHA 203(k) renovation loan. Underneath, the structure benefits from **concrete supports**. Practical updates include **low-flow fixtures**, electrical panels have been updated, a properly strapped water heater, and a roof bump-out that could bring true charm & add unique curb appeal. A **partial basement**, accessible from unit 150, offers additional storage or creative use. Situated near major freeways, the property is just minutes from **Exposition Park**, the **Los Angeles Memorial Coliseum**, **Banc of California Stadium**, and the **California Science Center**. Downtown LA with tons of eateries and high energy happenings, USC, and the Arts District are also within easy reach. **The property is being sold, "AS-IS", Located within the jurisdiction of Los Angeles rent stabilization (RSO) guidelines. This property stands as a **quiet nod to LA’s history, ready for its next chapter**—a perfect canvas for the right buyer to restore and reimagine.

Nearby schools

5/10
West Vernon Avenue Elementary School
Public,K-50.5mi
2/10
Main Street Elementary School
Public,K-50.6mi
4/10
Ricardo Lizarraga Elementary School
Public,K-50.6mi
2/10
Forty-Ninth Street Elementary School
Public,K-50.7mi
2/10
Harmony Elementary School
Public,K-50.8mi
5/10
Estrella Elementary School
Public,K-50.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,K-50.9mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,K-50.9mi
3/10
Fifty-Second Street Elementary School
Public,K-50.9mi
2/10
Aurora Elementary School
Public,K-51.0mi
/10
Dr. James Edward Jones Primary Center
Public,K-21.1mi
3/10
George Washington Carver Middle School
Public,6-80.7mi
3/10
Los Angeles Academy Middle
Public,6-80.9mi
3/10
William Jefferson Clinton Middle School
Public,6-81.1mi
2/10
John Muir Middle School
Public,6-81.5mi
3/10
Manual Arts Senior High School
Public,9-121.1mi
2/10
Thomas Jefferson Senior High School
Public,9-121.3mi
3/10
Nava College Preparatory Academy
Public,9-121.3mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,9-121.5mi
5/10
Santee Education Complex
Public,9-121.9mi
3/10
John C. Fremont Senior High School
Public,9-122.3mi

Price History

Date
Event
Price
08/28/25
Price Change
$600,000-9.0%
08/16/25
Listing
$659,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (23 Listings)
Beds40
0%
Baths30
8%
Square foot2,7242,022
92%
Lot Size6,6675,364
83%
Price$600K$705K
21%
Price per square foot$220$345
4%
Built year19049610962
13%
HOA
Days on market80166
8%
Condition Rating
Poor

This 1904-built triplex is in a state of significant disrepair, requiring substantial repairs and rehabilitation. The description explicitly states it's a 'canvas for the right buyer to restore and reimagine,' and is 'sold AS-IS,' suggesting the need for an FHA 203(k) renovation loan. Images reveal severely damaged flooring, peeling paint throughout, and extremely outdated and dilapidated kitchens and bathrooms that require complete gut renovations. While electrical panels have been updated and concrete supports are present, the overall condition of the living spaces, including fixtures, finishes, and visible systems, is very poor and would be uncomfortable or unsafe to live in without extensive work.
Pros & Cons

Pros

Income-Generating Triplex: This property is a rare triplex, offering three distinct units (one 2-bed/1-bath and two 1-bed/1-bath) for significant residential income potential in a high-demand market.
Prime Location & Accessibility: Strategically located near major freeways, Exposition Park, the LA Memorial Coliseum, Banc of California Stadium, USC, Downtown LA, and the Arts District, ensuring high tenant appeal and convenience.
Historic Character & Renovation Potential: Built in 1904, the property boasts turn-of-the-century charm and is presented as a 'canvas' for restoration, appealing to buyers looking to add value and reimagine a piece of LA history.
Separate Utilities: Each unit is equipped with its own gas meter, a practical feature that simplifies tenant billing and reduces landlord operating expenses.
Structural Foundation & Partial Updates: The structure benefits from concrete supports, and practical updates such as updated electrical panels, low-flow fixtures, and a properly strapped water heater provide a solid base for further renovation.

Cons

Extensive Renovation Required: The property is explicitly sold 'AS-IS' and described as needing a buyer with 'hammer, nails & creativity,' indicating a significant investment in time and capital for comprehensive renovation.
Rent Stabilization Ordinance (RSO) Jurisdiction: Being subject to Los Angeles Rent Stabilization Ordinance (RSO) guidelines may limit a landlord's ability to increase rents and manage tenancy, potentially impacting investment returns.
Financing Limitations: The property is noted as 'ideal for an all-cash buyer or those using an FHA 203(k) renovation loan,' suggesting it may not qualify for conventional financing due to its condition, thereby narrowing the potential buyer pool.

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