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.
Multi-familyProperty Type
2025Year Built
5,295 sq ftLot Size
$516Price/Sq.Ft.
4 spacesParking
Listed by Karl Markarian•DRE #01932970• Exp Commercial of California, Inc.
Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community High
Public 9-12 • Assigned • 0.6mi
3/10
Provided by GreatSchools
About South
Park
South Park, located between Downtown Los Angeles and the Fashion District, is a residential and entertainment Los Angeles neighborhood with arena energy and glassy high-rise streetscapes. The neighborhood’s character concentrates around Figueroa Street at Chick Hearn Court, where pre-game crowds, hotel lobbies, and late-night bites set a steady hum. Crypto.com Arena and L.A. LIVE act as the marquee anchors, with The Belasco adding a historic stage for concerts and club nights. Side streets mix new towers with converted warehouse edges and wide sidewalks built for event foot traffic. Pocket parks and plazas break up the blocks, while transit stops and bike lanes shape a car-light routine. The result feels polished, urban, and calendar-driven, with quiet mornings that flip fast when the lights come on.
Provided by Walk Score and Local Logic
Offer insights
678 E 45th St · $1,575,000
$1.58M and above
75% chance or better to win
Why $1.58M+ is a strong offer
DAYS ON MARKET
28 days
The average home goes pending in 67 days.
SALE-TO-LIST
98.3%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Built-in features
Bedrooms
Unit 1: 5 bedrooms
Unit 2: 3 bedrooms
Unit 3: 2 bedrooms
Bathrooms
Unit 1: 4 bathrooms
Unit 2: 3 bathrooms
Unit 3: 2 bathrooms
Kitchen
No kitchen appliance details provided
Laundry & utility
Laundry in unit
Flooring
Vinyl floors
Heating & cooling
Central heating
Central cooling
Exterior features
No additional exterior features provided
Home design
Residential income property
Multi-level configuration
Detached building with no common walls
New construction and updated/remodeled condition
Fee simple land
Parking
Driveway combination garage
Total of 4 parking spaces
Security
Gated entry
Automatic gate
Construction
Water heaters present
Utilities
Sewer in street
Water service paid by owner
Cable TV, electric and gas paid by tenants
HOA & community
Complex contains 3 total units
Financial info
Actual annual gross rent: $127,800
Gross operating income: $121,410
Net operating income: $93,222
Total annual expenses: $28,188
Cap rate: 5.92%
Gross rent multiplier: 12
Vacancy allowance: 5%
Listing terms: All Inclusive Trust Deed
Other
Owner pays water
Tenant pays cable TV, electric and gas
Property zoned LAR2
Number of buildings: 3
Lot described as 2-4 lots
Electricity and solar
View estimated energy costs and solar savings for this home
Revise the roof framing for the project. Install a new roof and a fire sprinkler system.
Fire sprinkler
Remodel
Mar 3, 2026 • Final
Electrical
Install a meter for the main house.
Electrical
Electric meter
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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