632 E 45th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$699,000
632 E 45th Street, Los Angeles, California 90011
0Bed
0Bath
2,322Sqft
6,131Lot
Year Built
1964
Close
-
List price
$699K
Original List price
$730K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25096267
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
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (24 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,322 | 1,988 | 76% |
| Lot Size | 6,131 | 5,364 | 80% |
| Price | $699K | $710K | 48% |
| Price per square foot | $301 | $348 | 24% |
| Built year | 1964 | 1923 | 88% |
| HOA | |||
| Days on market | 187 | 167 | 52% |
Condition Rating
Poor
The property was built in 1964 (61 years old) and shows no evidence of significant recent renovations. The visible interior spaces, particularly the bathroom, are extremely outdated, appear neglected, and require a complete overhaul. Flooring is inconsistent and worn, and light fixtures are basic. The exterior is unkempt with faded paint and clutter, indicating a lack of general maintenance. While income-producing, the property requires substantial repairs and rehabilitation to meet modern living standards and comfort.
Pros & Cons
Pros
Strong Income Potential: The property is explicitly marketed as income-producing, currently generating two incomes with clear potential to add a third unit, offering significant cash flow and investment upside.
Strategic Location: Located just miles from Downtown Los Angeles, the property benefits from proximity to major employment centers, amenities, and transportation, enhancing tenant demand and long-term appreciation.
Flexible Unit Configuration: The front unit's second floor, previously used as a separate unit with its own entrance and currently vacant, provides immediate opportunity for conversion into a third income stream or flexible multi-generational living.
Multi-Unit Property (Duplex): As a residential income duplex, it offers diversified rental income streams, potentially higher yields, and reduced vacancy risk compared to single-family homes.
Recent Price Adjustment: The list price has been reduced from $729,800 to $699,000, indicating increased seller motivation and potentially a more attractive entry point for buyers.
Cons
Property Age (Built 1964): Being a 60-year-old property, it likely requires significant capital expenditures for system updates (e.g., plumbing, electrical, HVAC) and cosmetic renovations to meet modern tenant expectations and maximize rental income.
Unrealized Third Unit Potential: While a strength, the 'potential for third' unit implies it is not currently a legal, ready-to-rent unit, requiring additional investment, permits, and construction to fully realize this income stream.
Lack of Modern Amenities/Condition Details: The description lacks any mention of recent upgrades, modern finishes, or specific amenities, suggesting the property may be dated and require substantial renovation to command top-tier rents or resale value.