11
See all 11 photos
$2,300,000
Est. payment /mo
16 Beds
12 Baths
Price Dropped by $100K
816 W 47th Street Los Angeles, CA 90037
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25105253
Bedrooms 16
Property Sub-Type Res Income 2-4 Units
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 4.40% in-place CAP rate and 14.86 GRM, with approximately 24% rental upside. At market rents, the asset is projected to deliver a 5.97% CAP and a 11.98 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 Assessor
Direction On the corner of S Hoover Street and W 47th Street.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 5018011054
Listed by Brett Lyon Lyon Stahl Investment Real Estate, Inc.
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