816 W 47th ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90037
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25105253
HOA Y/N No
Year Built 2020
Lot Size 8,533 Sqft
Property Sub-Type Quadruplex
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 today's market. Additional features include eight outdoor parking spaces—providing ample tenant convenience—and 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
Area C34 - Los Angeles Southwest
Zoning LARD2
Interior
Heating Central
Fireplace No
Laundry Washer Hookup,Gas Dryer Hookup
Exterior
Pool None
Community Features Biking
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5018011054
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard