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265 E 45Th St, Los Angeles, CA 90011
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265 E 45Th St Los Angeles, CA 90011

$780,000 Sold Price as of 04/25/2023
  • 5 Beds
  • 3 Baths
  • 2,051 Sq.Ft.
Sold
$780,000 Sold Price as of 04/25/2023 Refinance Your Mortgage
Map preview of 265 E 45Th St, Los Angeles, CA 90011

Property Overview: 265 E 45Th St Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,051 living square feet and 6,950 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Cash Flowing Triplex with Long-Term Tenants! Centrally located near Downtown Los Angeles in a desirable rental area of South Park, this three-unit property offers investors a unique opportunity for a potentially huge upside in rental increases. Two VACANT Recently renovated two bedrooms 1 bath unit featured with new kitchen, new bathroom, new windows, new flooring and new paint. those two renovated units will be delivered vacant, The one bedroom unit to be delivered with tenant. All units feature tons of natural light, a neutral color scheme, a sizeable living room, and an eat-in kitchen with ample cabinetry and solid surface countertops. In addition to the 2-car carport parking, the double-wide driveway provides easy access, as well as parking options for guests. Other features: gated parking, separate gas meters, separate electric meters, storage throughout, only steps from grocery stores, fast food choices, restaurants, South Park Recreation Center, and gas stations, quick 10-minute drive from Downtown Los Angeles, close to shopping, I-110, schools, and entertainment, and so much more! Ideal for savvy investors looking to add cash flowing assets to their portfolio.

Listed by Stephen Eng | BRE #01946974 | RE/MAX of Cerritos
Last checked: 7 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 162

Home details

Lot Sq. Ft
6,950
HOA Dues
$0/mo
Year built
1910
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
RS22205325
City
Los Angeles
County
Los Angeles
Time on Site
590 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $945
  • Total Rent: $945
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.3%
  • Gross Rent Multiplier: 10.88
  • Gross Scheduled Income: $68,940
  • Net Operating Income: $54,840
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $14,100
  • Electric: $500
  • Gas/Fuel: $0
  • New Taxes: $8,600
  • Trash: $0
  • Insurance: $2,000
  • Water/Sewer: $3,000

Property Details for 265 E 45Th St

Interior Features
Laundry Information
  • Has Laundry
  • In Kitchen
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Lot 6500-9999, Flag Lot, Level, Paved, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5109011054
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Vernon. West of San Pedro Cross Streets: San Pedro & Vernon
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 265 E 45Th St

Last sold for $780,000 on April 25th, 2023

  • April, 2023

  • Apr 25, 2023

    Date

    Sold

    CRMLS: RS22205325

    $780,000

    Price

  • Sep 20, 2022

    Date

    Active

    CRMLS: RS22205325

    $720,000

    Price

  • June, 2022

  • Jun 21, 2022

    Date

    Sold

    CRMLS: RS22047096

    $650,000

    Price

  • Mar 9, 2022

    Date

    Active

    CRMLS: RS22047096

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    Cash Flowing Triplex with Long-Term Tenants! Centrally located near Downtown Los Angeles in a desirable rental area of South Park, this three-unit property offers investors a unique opportunity for a potentially huge upside in rental increases. One of the two bedrooms 1 bath unit is recently renovated with new kitchen, new bathroom, new windows, new flooring and new paint. the other two tenant occupied units do need TLC and will be sold “as-is.” Two of the spacious units each include two bedrooms, one bathroom, and one carport space, while one unit has one bedroom and one bathroom. All units feature tons of natural light, a neutral color scheme, a sizeable living room, and an eat-in kitchen with ample cabinetry and solid surface countertops. In addition to the 2-car carport parking, the double-wide driveway provides easy access, as well as parking options for guests. Other features: gated parking, separate gas meters, separate electric meters, storage throughout, only steps from grocery stores, fast food choices, restaurants, South Park Recreation Center, and gas stations, quick 10-minute drive from Downtown Los Angeles, close to shopping, I-110, schools, and entertainment, and so much more! Ideal for savvy investors looking to add cash flowing assets to their portfolio, this “as-is” triplex delivers with long-term tenants and the potential for rental increases.

  • May, 2014

  • May 29, 2014

    Date

    Sold (Public Records)

    Public Records

    $345,000

    Price

  • March, 2012

  • Mar 6, 2012

    Date

    Sold (Public Records)

    Public Records

    $200,000

    Price

Show More

Tax History for 265 E 45Th St

Assessed Value (2020): $386,704
Year Land Value Improved Value Assessed Value
2020 $224,176 $162,528 $386,704

Home Value Compared to the Market

This property vs the competition

265 E 45Th St sold on April 25, 2023 for 31.09% lower 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 $399.8 per/sqft which puts the price per square foot 47.05% lower than the current median sale per square foot for the city of Los Angeles.

About 265 E 45Th St

Detailed summary of property

265 E 45Th St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 2,051 living square feet, and sits on an approximately 6,950 square foot lot. 265 E 45Th St was first listed on ArdentRealEstateGroup.com on September 20, 2022. The homeowner sold the property for $780,000. 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 31.09% lower than the current median priced home. Local homes that are currently for sale include 907 E 50th St, 4918 Wadsworth Ave and 1170 E 46th St. While the average home in Los Angeles, CA is selling in 96 days, 265 E 45Th St has a days on market of 162 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 265 E 45Th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 265 E 45Th St

Public county record property details
Beds
5
Baths
3
Year built
1910
Sq. Ft.
2,051
Lot Size
6,949
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5109-011-054

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$620,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
40
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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