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$3,000,000
New Listing

331 W 45th Street
Los Angeles, CA 90037

For Sale|Apartment|Active
0
Beds
0
Total Baths
8,024
SqFt
$374
/SqFt
1926
Built
County:
Los Angeles
Listed by Wendy Morley of Pinnacle Estate Properties, Inc. [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

331 W 45th Street331 W 45th Street331 W 45th Street331 W 45th Street
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Rare opportunity to acquire a well-maintained 20-unit multifamily property offering significant capital improvements and an attractive unit configuration in a highly accessible Los Angeles location. The property features 20 individual single units, with each unit having its own separate, enclosed kitchen room. 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.

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Listing Snapshot
Price 
$3,000,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,024 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.124 Acres
Year Built 
1926
MLS® Number 
SR26188226
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
11 hours agoListing first seen on site
11 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.124
Disclosures 
CityInspectionRequiredRentControl
Land Lease 
No
Levels 
Two
Number Of Stories 
2
Parking 
NoneOff StreetOn Street
Property Condition 
Updated/Remodeled
Property Sub Type 
Apartment
Security 
Closed Circuit Camera(s)Carbon Monoxide Detector(s)Smoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
8024
Water Source 
Public
Zoning 
LARD2
Interior Features
Fireplace Features 
None
Flooring 
CarpetLaminateTile
Laundry Features 
None
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Exterior Features
Lot Features 
Near Public TransitRectangular Lot
Pool Features 
None
Roof 
Flat
Spa Features 
None
View 
None
Waterview 
None
Community Features
Building Access 
ground
Community Features 
Street LightsSidewalks
Financing Terms Available 
Cash1031 Exchange
MLS Area 
C42 - Downtown L.A.


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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