611 West 46th, Los Angeles, CA 90037

Description

Fully vacant, fully remodeled, and completely turnkey, this 4-unit two-story residential building near USC offers four 3-bedroom, 2-bathroom units across 4,403 square feet of living space on an 8,101 square foot lot, delivered ready to lease at close of escrow. The renovations are extensive and leave nothing to do: new kitchens, newly remodeled bathrooms, new flooring throughout, new tankless water heaters, a freshly completed roof, and termite tenting just finished. The property has also passed its most recent SCEP inspection August 2026, meaning no reinspection for years to come. Whether a buyer chooses to lease up all four units at current market rents from day one or occupy one and rent the others, the income potential here is immediate and compelling. The oversized lot provides ample parking and the potential to add up to four ADUs, subject to City approval, creating a meaningful long-term value-add opportunity on top of an already well-positioned asset. Situated just 2.5 miles from USC in the Vermont Harbor neighborhood, the property draws from one of the most consistent and deep tenant pools in South Los Angeles. The California Science Center, Exposition Park Rose Garden, and the Natural History Museum of LA County are all within minutes, and Downtown Los Angeles is just six miles up the 110 freeway. Properties of this quality, this size, this readiness, and this vacancy simply do not come to market often in this corridor.