816 W 47th Street

Los Angeles, CA 90037

  • 16 Bed(s)
  • 12 Bath(s)
  • 6,446 Sqft
  • 8534
    Sqft(Lot)
$2,400,000

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.

  • Property Type

    Residential

  • County

    Los Angeles

  • Style

    Residential

  • AD ID

    49994676

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Property Details

  • Bedroom Information

    • Total Bedrooms : 16

    Bathroom Information

    • Total Baths: 12
    • Full Baths: 12

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Interior Features: All Bedrooms Up
    • Fireplace: None

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 2020

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup

  • Lot Details

    • Lot Dimensions Source: Assessor
    • Lot Size Acres: 0.1959
    • Lot Size Dimensions: 8534
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 8534

  • Listing Price Information

    • Original List Price: 2,400,000
    • Listing Contract Date: 2025-05-29

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5018011054

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C34 - Los Angeles Southwest
    • Postal Code Plus 4: 2910
    • Directions: On the corner of Wesley Ave and W 47th St.
    • Zoning: LARD2
    • Source Property Type: Residential
    • Area: C34 - Los Angeles Southwest
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 5
    • Common Walls: 2+ Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Total Square Feet Living: 6446
    • Entry Level: 1
    • Entry Location: Gate
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
    • Structure Type: Quadruplex
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BuyOwner last updated this listing 06/15/2025 @ 15:21

  • MLS: SB25119147
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 16 bedrooms which is for sale, it has 6,446 sqft, 8,534 sized lot, and 0 parking. are nearby neighborhoods.