Property listed by Lyon Stahl Investment Real Estate, Inc., Sean Namigohar 310-425-9838
$625,000
967 W 47th Street is a true value-add opportunity with a four-unit apartment community located on 47th Street, just east of Vermont Avenue and south of Vernon Avenue near Exposition Park in Los Angeles. The offering consists of three separate structures situated on a generous 6,682 square foot lot, giving… Read More investors flexibility and potential for future redevelopment. Each unit is separately metered for gas and electricity, helping to keep operating expenses low and improving overall cash flow. The property is ideally positioned in a dense, high-demand rental market near Downtown Los Angeles, and USC, ensuring strong tenant demand and long-term stability. Investors will appreciate the significant upside in rents. This combination of location, existing income, and future potential makes it a compelling acquisition for value-focused investors. Read Less
Listing Snapshot
Days Online
64
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,803
Lot Size
0.15 Acres
Year Built
1907
MLS Number
25585877
30 Days Snapshot Of 90037
$645k
-17%
(avg) sold price
4
+33%
homes sold
107
+48%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1907, Building area total: 2,803, Levels: One, Living area: 2803, 1 story, 1 building
Cooling
None
Heating
None
Income
Gross income: $42,812, Net operating income: $24,881
Lot
0.1534 acres, 6,684 square feet, Size: 6,684
Parking
None
Property
Zoning: LARD3
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Based on information from California Regional Multiple Listing Service, Inc. as of 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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