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Offered at $125,000 per unit, 1628 West 45th is a South LA value-add opportunity that immediately pencils for investors focused on yield, long-term upside, and a favorable basis. Priced at $204 per foot with current metrics of a 6.97% CAP and 8.82 GRM, the property offers a compelling entry point relative to competing assets across South LA. It is priced in line with recent sales comps and positioned to sell, supported by a motivated seller who is prepared to meet the market. With approx. 35% rental upside, the building is projected to stabilize at a 10.80% market CAP and 6.52 market GRM once renovated units are brought to full market rents. Located in the Vermont Square neighborhood near Western and Vernon, the property sits at the convergence of several South LA corridors that continue to attract both local and institutional investors. The location delivers meaningful convenience for residents, situated just 0.7 miles from both MLK Elementary School and Normandie Avenue Elementary School, 1.5 miles from Exposition Park, and 2 miles from the Baldwin Hills Crenshaw Mall. The site is also adjacent to Leimert Park, one of the most culturally significant and fastest evolving neighborhoods in South LA. This concentration of schools, parks, retail corridors, and cultural amenities enhances the long-term renter pool and strengthens the foundation for sustained rent growth. Property amenities include community laundry and separate utilities for electricity and gas. With favorable pricing metrics, meaningful rental upside, and proximity to key South LA anchors, 1628 W. 45th provides an accessible path to creating long-term yield within a neighborhood poised for continued growth.
Property Type(s):
Residential Income
| Last Updated | 11/19/2025 | Year Built | 1927 |
|---|---|---|---|
| Community | C34 - Los Angeles Southwest | County | Los Angeles |
Additional Details
| AREA | C34 - Los Angeles Southwest |
|---|---|
| LOT | 5615 sq ft |
| PARKING | None |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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