611 W 46th St Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated payment $9,981/month
Highlights
- No HOA
- Level Lot
- Wall Furnace
About This Home
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.
Listing Agent
Edgestone Real Estate, Inc. Brokerage Phone: 818-464-5707 License #01705003 Listed on: 08/17/2026
Co-Listing Agent
Edgestone Real Estate, Inc. Brokerage Phone: 818-464-5707 License #01328684
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1911
Lot Details
- 8,101 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 4,403 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Parking
- 12 Open Parking Spaces
- 12 Parking Spaces
- Parking Available
- Driveway
- Assigned Parking
Utilities
- Wall Furnace
Listing and Financial Details
- Tax Lot 42
- Assessor Parcel Number 5018031015
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $5,000
- Maintenance Expense $8,400
- Professional Management Expense $9,120
- Water Sewer Expense $3,600
- New Taxes Expense $21,238
- Operating Expense $47,358
- Gross Income $176,928
- Net Operating Income $129,570
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,699 | $582,915 | $405,200 | $177,715 |
| 2024 | $7,551 | $571,486 | $397,255 | $174,231 |
| 2023 | $7,418 | $560,281 | $389,466 | $170,815 |
| 2022 | $7,096 | $549,296 | $381,830 | $167,466 |
| 2021 | $6,987 | $538,527 | $374,344 | $164,183 |
| 2019 | $6,790 | $522,556 | $363,242 | $159,314 |
| 2018 | $6,631 | $512,311 | $356,120 | $156,191 |
| 2016 | $6,307 | $492,420 | $342,293 | $150,127 |
| 2015 | $6,220 | $485,024 | $337,152 | $147,872 |
| 2014 | $6,266 | $475,524 | $330,548 | $144,976 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/17/2026 08/17/26 | For Sale | $1,699,000 | -- | $386 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Fidelity Title | |
| Gift Deed | -- | Fidelity Title | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $265,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $262,000 | Unknown | |
| Closed | $260,000 | Unknown |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26179974
APN: 5018-031-015
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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