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1054 W 45th St, Los Angeles, CA 90037
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1054 W 45th St Los Angeles, CA 90037

$1,150,000 Sold Price as of 02/24/2021
  • 10 Beds
  • 5 Baths
  • 3,617 Sq.Ft.
Sold
$1,150,000 Sold Price as of 02/24/2021 Refinance Your Mortgage
Map preview of 1054 W 45th St, Los Angeles, CA 90037

Property Overview: 1054 W 45th St Los Angeles, CA has 10 bedrooms, 5 bathrooms, 3,617 living square feet and 7,387 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: CASH COW PROPERTY!!! $117,300 Gross Income. CAP Rate is 7.48!! This FULLY REMODELED property is located close to USC. Property contains 2,081 sqft 2-story home (6 beds + 3 baths) & a 1,536 sqft 2-story Duplex (2 beds + 1 bath for each unit). All upgrades throughout the property have been done with permits & approved by Building & Safety Dept. The following have been done recently: interior framing, copper plumbing, abs lines, gas lines, insulation, dual-paned windows, drywall, recessed lighting, high-grade wax-coating, laminate & tile flooring, paint, cabinets & counters, sinks, faucets, tankless water heaters, laundry washer/dryer hookups, 3-car Mesa garage doors, new electrical panels for house & garage. Note, plumbing on each unit have separate copper lines (making it very easy to put separate meters on each unit). Private parking for 12 cars (3 garage, 8 in driveway, 1 carport). TV & 16 camera security system wiring throughout. LOCATION is near USC, the Coliseum, Expo Park, Science Center, Natural History Museum, the Banc of Ca Stadium (home to the LAFC) as well as the $1 Billion George Lucas Museum of Narrative Art and much more. Previously rented to students at $1,000 per room. Front house is owner occupied and rear units have tenants (month-to-month contracts). Front house (6 beds, 3 baths) to be delivered vacant. Duplex (2 beds, 1 bath each) will be delivered occupied. Please do not Disturb the tenants & do not walk the property.

Listed by Mark Velasco | BRE #01789768 | Sharpstone Realty, Inc.
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 81

Home details

Lot Sq. Ft
7,387
HOA Dues
$0/mo
Year built
1925
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
DW20171388
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 6
  • # of Baths: 3
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,825
  • Total Rent: $1,825
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.48%
  • Gross Rent Multiplier: 11.53
  • Gross Scheduled Income: $117,300
  • Net Operating Income: $95,805
  • Gross Operating Income: $111,435
  • Vacancy Allowance: $5,865
  • Gross Spendable Income: $111,435
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Laundry Own/Lease: Own
  • Other Income 1: $0
  • Other Income 2: $0
  • Other Income Description: 0
  • Personal Property: $0
  • Improvements Total: $119,000
Annual Expense Breakdown
  • Total Operating Expense: $15,630
  • Electric: $1,200
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $12,120
  • Furniture Replacement: $0
  • Trash: $1,125
  • Cable TV: $0
  • Gardener: $600
  • Insurance: $420
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $1,125
  • Other Expenses: $0
  • Other Expense Description: 0

Property Details for 1054 W 45th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central, Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room, Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Wood
  • Attic, Kitchen, Laundry, Living Room, Main Floor Bedroom, Two Masters
Kitchen Information
  • Has Appliances
  • ENERGY STAR Qualified Water Heater, Gas Water Heater, Ice Maker, Microwave, Water Heater
Interior Features
  • Ceiling Fan(s), Granite Counters, Open Floorplan, Pantry, Partially Furnished, Recessed Lighting, Tandem, Wired for Data, Wired for Sound
  • Security Features: Automatic Gate, Fire and Smoke Detection System, Smoke Detector(s), Wired for Alarm System
Exterior Features
Exterior Information
  • Roof: Clay, Shingle
  • Rain Gutters
  • Has Fence
  • Wrought Iron
  • Other Structures: Second Garage Attached, Storage
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: Back Yard, Corner Lot, Front Yard, Lot 6500-9999, Rectangular Lot, Near Public Transit, Patio Home, Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5017031016
  • Year Built Source: Assessor
  • Architectural Style: Contemporary, Craftsman, Mid Century Modern, Spanish
  • Foundation Details: Raised
  • Property is not Attached
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Cross streets: W Vernon Ave & S Normandie Ave
Neighborhood Information
  • Community Features: Biking, Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1054 W 45th St

Last sold for $1,150,000 on February 24th, 2021

  • February, 2021

  • Feb 26, 2021

    Date

    Sold

    CRMLS: DW20171388

    $1,150,000

    Price

  • Jan 18, 2021

    Date

    Pending

    CRMLS: DW20171388

    $1,235,000

    Price

  • Nov 6, 2020

    Date

    Active

    CRMLS: DW20171388

    $1,235,000

    Price

  • Oct 20, 2020

    Date

    Pending

    CRMLS: DW20171388

    $1,235,000

    Price

  • Sep 13, 2020

    Date

    Price Change

    CRMLS: DW20171388

    $1,235,000

    Price

  • Aug 21, 2020

    Date

    Active

    CRMLS: DW20171388

    $1,280,000

    Price

  • February, 2021

  • Feb 24, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

  • August, 2020

  • Aug 20, 2020

    Date

    Canceled

    CRMLS: SR20055987

    $1,285,000

    Price

  • Aug 13, 2020

    Date

    Price Change

    CRMLS: SR20055987

    $1,285,000

    Price

  • Aug 1, 2020

    Date

    Active

    CRMLS: SR20055987

    $1,229,000

    Price

  • Jul 31, 2020

    Date

    Price Change

    CRMLS: SR20055987

    $1,229,000

    Price

  • Jul 29, 2020

    Date

    Pending

    CRMLS: SR20055987

    $1,280,000

    Price

  • Mar 27, 2020

    Date

    Active

    CRMLS: SR20055987

    $1,280,000

    Price

  • Mar 18, 2020

    Date

    Hold

    CRMLS: SR20055987

    $1,280,000

    Price

  • Mar 17, 2020

    Date

    Withdrawn

    CRMLS: SR20055987

    $1,280,000

    Price

  • Mar 13, 2020

    Date

    Active

    CRMLS: SR20055987

    $1,280,000

    Price

  • Listing provided courtesy of CRMLS

    This completely redone and MOVE-IN READY triplex is close proximity to USC.

  • July, 2020

  • Jul 1, 2020

    Date

    Expired

    CRMLS: 20564966

    $1,300,000

    Price

  • May 11, 2020

    Date

    Withdrawn

    CRMLS: 20564966

    $1,300,000

    Price

  • Mar 27, 2020

    Date

    Hold

    CRMLS: 20564966

    $1,300,000

    Price

  • Mar 22, 2020

    Date

    Active

    CRMLS: 20564966

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to purchase this Vermont Square triplex with significant cash flow. Large corner lot with spacious front house, 3 car garage and an occupied duplex in the back. Front house will be delivered vacant at close of escrow. Previously rented to students per room at $1,000 per room. Both the house and duplex have been updated in 2018 with new copper plumbing, dual-paned windows, recessed lighting, tankless water heater, laminate floors, updated kitchens and bathrooms, laminate floors throughout. All work throughout property done with permits & approved by Building & Safety. house is ready for immediate occupancy. Central location near USC, coliseum and many other attractions.

  • May, 2019

  • May 1, 2019

    Date

    Expired

    CRMLS: PW18267558

    $1,125,000

    Price

  • Feb 21, 2019

    Date

    Price Change

    CRMLS: PW18267558

    $1,125,000

    Price

  • Dec 5, 2018

    Date

    Price Change

    CRMLS: PW18267558

    $1,150,000

    Price

  • Nov 7, 2018

    Date

    Active

    CRMLS: PW18267558

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Opportunity knocking. Live in one and rent the other two units. Rare large triplex is minutes to USC, the Coliseum, Expo Park, Science Center, Natural History Museum, the new Banc of California Stadium(Home to the LAFC) as well as the under construction $1 Billion George Lucas Museum of Narrative Art and much more. The front house was recently undergone an extensive renovation by ownership, new landscaping. Because of the upgrades, the property is generating a strong cash flow. There are two separate structures; the detached front unit is 6 bedrooms, 3 bathrooms and the two-story structure is made up of two separate units with 2 bedrooms and 1 bathroom each. Live in one and rent the others. High demand area. Owners and tenants can benefit from recent capital improvements in the surrounding area. Please do not disturb tenants & do not walk the property.

  • February, 2018

  • Feb 19, 2018

    Date

    Sold

    CRMLS: 18302214

    $1,010,000

    Price

  • Feb 19, 2018

    Date

    Pending

    CRMLS: 18302214

    $925,000

    Price

  • Feb 6, 2018

    Date

    Canceled

    CRMLS: 18302214

    $925,000

    Price

  • Feb 1, 2018

    Date

    Price Change

    CRMLS: 18302214

    $925,000

    Price

  • Jan 11, 2018

    Date

    Active

    CRMLS: 18302214

    $915,000

    Price

  • Listing provided courtesy of CRMLS

    High-end fully remodeled corner sophisticated Triplex located close to USC. Property contains 2,081 sqft 2-story home (6 bed + 3 bath) & 1,536 sqft 2-story Duplex (2 bed + 1 bath each unit). All work throughout property done with permits & approved by Building & Safety. The following is new: interior framing, electrical, copper plumbing, abs lines, gas lines, insulation, dual-pane windows, drywall, recess lights, high-grade wax-coating laminate flooring & tile flooring, paint, cabinets & counters, sinks, faucets, tankless water heaters, laundry washer/dryer hookups, 3-car Mesa garage doors, new electrical panels for house & garage. Note, plumbing for each unit on all separate copper lines making it very easy to put separate meters for each unit. Fenced enclosed yard + 7 Off-street Parking-- 3 spaces in garage. TV & 16 camera security system wiring throughout. MAIN HOUSE IS VACANT. Please Do Not Disturb Tenants & Do Not Walk the Property. View of Downtown LA.

  • February, 2018

  • Feb 15, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,010,000

    Price

Show More

Tax History for 1054 W 45th St

Assessed Value (2020): $1,050,804
Year Land Value Improved Value Assessed Value
2020 $582,624 $468,180 $1,050,804

Home Value Compared to the Market

This property vs the competition

1054 W 45th St sold on February 24, 2021 for 3.78% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $341.44 per/sqft which puts the price per square foot 54.78% lower than the current median sale per square foot for the city of Los Angeles.

About 1054 W 45th St

Detailed summary of property

1054 W 45th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 10 bedrooms, 5 bathrooms, roughly 3,617 living square feet, and sits on an approximately 7,387 square foot lot. 1054 W 45th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,150,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 3.78% higher than the current median priced home. Local homes that are currently for sale include 3945 Denker Ave, 201 W 46th St and 5860 Estrella Ave. While the average home in Los Angeles, CA is selling in 94 days, 1054 W 45th St has a days on market of 81 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1054 W 45th St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1054 W 45th St

Public county record property details
Beds
10
Baths
5
Year built
1925
Sq. Ft.
3,617
Lot Size
7,387
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5017-031-016

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$517
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
32
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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