331 W 45th ST Los Angeles, CA 90037
5,401 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26188226
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1926
Lot Size 5,401 Sqft
Property Sub-Type Apartment
Property Description
The property has benefited from substantial infrastructure improvements, providing an investor with the advantage of major building components having already been addressed. Improvements include a complete re-roof, extensive electrical upgrades, new plumbing, updated meter boxes, and newer mechanical components.
The electrical system has been extensively upgraded with wiring from the electrical meters to each individual unit, along with electrical meter boxes. The property also features separate electric and gas meters, providing individual utility metering for the units.
Plumbing has likewise been significantly improved, with copper plumbing from the meters serving the individual units. The property is equipped with a newer gas water heater and recirculating pump, providing efficient distribution of hot water throughout the building.
Security and life-safety features include exterior security cameras and a monitored fire alarm system, providing additional oversight and safety for the property and its residents.
Adding to the property's functionality is a large approximately 14' x 38' basement area. This expansive space offers valuable flexibility and may provide potential for laundry facilities, tenant storage, building storage, or other permitted uses, subject to buyer verification and applicable city requirements.
The property's location is another significant advantage. Situated with convenient access to Downtown Los Angeles, USC, the Los Angeles Convention Center, Metro rail, and the 110 Freeway, residents benefit from proximity to major employment centers, educational institutions, entertainment, sporting and convention venues, public transportation, and the many amenities of central Los Angeles.
For investors, the combination of 20 units, separate enclosed kitchen rooms, separately metered utilities, extensive electrical and plumbing upgrades, complete re-roofing, newer water-heating equipment, security cameras, monitored fire protection, and additional basement space creates an appealing multifamily investment opportunity.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD2
Interior
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features None, Off Street, On Street
Pool None
Community Features Street Lights, Sidewalks
View Y/N No
View None
Roof Type Flat
Private Pool No
Building
Lot Description Near Public Transit, Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5110003017
Security Features Closed Circuit Camera(s),Carbon Monoxide Detector(s),Smoke Detector(s)
Energy Description 1740.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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