1101 W 45th St is a 20-unit multifamily property located in a high-demand South Los Angeles rental corridor near USC and major employment centers. Built in 1925, the 11,428-square-foot building sits on a 7,449-square-foot lot and features a dense, studio-only unit mix designed to serve strong workforce and affordability-driven renter demand. The property is subject to rent control, yet in-place rents remain below market, with two units currently vacant—providing immediate income upside through lease-up and rent stabilization.Offered at $2,600,000 ($130,000 per unit / $227 per square foot), the asset currently operates at a 7.42% cap rate and is projected to stabilize at a 9.67% cap rate as rents are brought to market and operations are optimized. Upon stabilization, the property is projected to generate approximately $251,000 in net operating income, supporting strong cash flow, double-digit cash-on-cash returns, and an attractive exit as a stabilized 20-unit asset in a supply-constrained South Los Angeles submarket.