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
0Bed
0Bath
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
PW25183073
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 (24 Listings)
Beds00
Baths00
Square foot2,7241,988
92%
Lot Size6,6675,364
84%
Price$600K$710K
20%
Price per square foot$220$348
4%
Built year19041922
12%
HOA
Days on market82168
12%
Condition Rating
Poor

Built in 1904 and explicitly sold 'AS-IS,' this property requires substantial repairs and rehabilitation. While some practical updates like electrical panels and concrete supports are noted, the images clearly show extremely dated and worn interiors, including the kitchen and bathrooms. The kitchen features old, basic cabinets and no visible modern appliances, while the bathroom has a very old sink, toilet, and basic tub with worn tiling. Flooring throughout is heavily worn, and walls show signs of age and neglect. The property is far from move-in ready and necessitates significant investment to restore it to a livable and comfortable standard, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Income-Generating Triplex: The property features three distinct units (one 2-bedroom/1-bath and two 1-bedroom/1-bath) with separate gas meters, offering immediate and diversified rental income potential.
Historic Character & Renovation Potential: Built in 1904, this 'Turn-of-the-Century' triplex possesses unique vintage charm and presents a significant value-add opportunity for restoration and modernization.
Strategic South LA Location: Situated near major freeways, Exposition Park, USC, Downtown LA, and cultural attractions, ensuring strong rental demand and potential for future appreciation.
Structural & Select System Upgrades: Benefits from concrete supports, updated electrical panels, low-flow fixtures, and a properly strapped water heater, addressing some common concerns with older properties.
Recent Price Adjustment & Desirable View: A recent price reduction enhances its market appeal, complemented by a 'City Lights' view, adding to its desirability.

Cons

Extensive Renovation Required ('As-Is'): The property is explicitly sold 'AS-IS' and requires substantial renovation, necessitating significant capital investment and potentially limiting financing options to cash or FHA 203(k) loans.
Age-Related Maintenance & Unknowns: Built in 1904, the property's age implies potential for unforeseen maintenance issues and the need for comprehensive system overhauls beyond the noted updates.
Rent Stabilization Ordinance (RSO) Restrictions: Located within the jurisdiction of Los Angeles RSO, which may impose limitations on rent increases and tenant management, potentially affecting investment returns and flexibility.

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