816 W 47th Street Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90037
Key Details
Property Type Single Family Home
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 6,446 sqft
Price per Sqft $372
MLS Listing ID SB25119147
Bedrooms 16
Full Baths 12
Year Built 2020
Lot Dimensions 8534
Property Sub-Type All Other Attached
Property Description
816 W 47th Street presents a rare opportunity to acquire a 2020 construction 4-unit property in a high-demand pocket of South Los Angeles, just minutes from USC and Downtown LA. With no rent control, modern construction, and minimal maintenance requirements, this asset is well-positioned for both seasoned investors and 1031 exchange buyers seeking long-term stability with built-in upside. The property consists of two separate buildings and offers an ideal unit mix of four 4-bedroom/3-bath units, totaling 6,446 rentable square feet on an 8,534 SF lot. Current operations yield a 4.17% in-place CAP rate and 15.50 GRM, with approximately 24% rental upside. At market rents, the asset is projected to deliver a 5.67% CAP and a 12.50 GRM, making it a strong performer in todays market. Additional features include eight outdoor parking spacesproviding ample tenant convenienceand a layout that supports both family-oriented and co-living rental strategies. Ideally located near major transit corridors, freeways, and employment hubs, 816 W 47th Street offers direct access to the 110 Freeway, Metro lines, and the broader Downtown LA area. With excellent unit sizes, strong in-place income, and non-rent-controlled flexibility, this property stands out as a premier investment in a rapidly evolving urban corridor.
Location
State CA
County Los Angeles
Zoning LARD2
Direction On the corner of Wesley Ave and W 47th St.
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Fireplace No
Laundry Gas,Washer Hookup
Exterior
View Y/N Yes
Water Access Desc Public
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 5018011054
Special Listing Condition Standard