678 E 45th Street
Newly Built - Remodeled Triplex | 5.92% CAP
Marketing description
Proud to present an exceptional turnkey triplex featuring a newly constructed 3-bedroom, 3-bath ADU and two fully remodeled residences. This high-quality investment offers three spacious units consisting of a 5BD/4BA front home, a brand-new 3BD/3BA two-story ADU, and a remodeled 2BD/2BA rear home. All units feature modern finishes, updated plumbing, electrical, kitchens, baths, flooring, windows, and roofing. Property is fully leased with new tenancy generating approximately $10,650 per month in gross rental income. Tenants pay all utilities except water, minimizing owner expenses. Low-maintenance grounds with artificial turf and hardscape, plus on-site parking. An outstanding opportunity for investors seeking strong in-place cash flow rental income property in a high-demand Los Angeles rental market.
Investment highlights
- Offered at $1,575,000 -- $525,000 per unit
- 5.92% Cap Rate and 12x Gross Rent Multiplier at asking price
- $10,650/month gross actual income
- Minimal landlord obligations -- tenants pay all utilities except water
- Brand new plumbing and electrical throughout all three units
- Front house fully remodeled with all new systems and finishes
- Back unit fully remodeled with a new 206 SF addition
- Middle unit is a brand-new two-story 3/3 ADU constructed from the ground up
- Hardscape pavers with artificial turf -- zero landscaping maintenance costs
- Located in the South Los Angeles submarket with strong rental demand
- Proximity to Downtown LA, major employment centers, and transit corridors
- Los Angeles consistently ranks as one of the nation's tightest rental markets
- Limited new rental supply in this submarket continues to support rent growth
- Turnkey asset -- no deferred maintenance or capital reserves required near-term
- Three separate rental streams reduce income concentration risk
- ADU and addition bring the property into full code-compliant configuration
- New construction ADU may offer depreciation advantages -- consult tax advisor
- Simple utility structure keeps operations lean and ownership expenses low
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