Los Angeles, CA 90037 603 W 47th Street

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Presented By: Walter Castillo with Coldwell Banker Realty;
  • MLS# 24356505
  • 02/08/2024
  • Request Tour
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  • BedBeds • 11
  • BathBaths • 8
  • FootageSQFT • 4,429
  • GarageGarage • 2

Home Details

Attention Investors and 1031 Exchangers: Profit-Generating Opportunity Awaits! Presenting a unique and lucrative four-unit property with market rents, this charming combination of Spanish-style duplex and modern duplex behind the gates will impress. The front units have been completely renovated, while the remaining units are newly constructed, all boasting excellent condition and market-value rents. Parking is plentiful, offering a combination of garages, carports, and open parking spaces to accommodate tenants comfortably. Comprising (2) 2-bedroom, 2-bathroom units, (1) 4-bedroom, 2-bathroom unit, and (1) 3-bedroom, 2-bathroom unit, each residence features open layouts with spacious kitchens and islands, perfect for modern living. Centrally located near public transportation and local freeways, this property is within minutes of USC University, the New Banc of California Stadium, Crypto.com Arena, and vibrant DTLA. Whether you're a seasoned investor or new to the market, this is an exceptional opportunity not to be missed. Reach out today for more details and secure your investment in this highly sought-after property!
Presented By: Walter Castillo with Coldwell Banker Realty;

Interior Features for 603 W 47th Street

Bedrooms

Total Bedrooms11

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths8

Other Interior Features

LivingAreaSourceEstimated
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Street SuffixStreet
Total Stories2

General for 603 W 47th Street

Additional Parcels Y/NNo
AppliancesBuiltIn
Architectural StyleTraditional
Attached Garage Yes
Buyer FinancingCash, Conventional, CalVetLoan, FHA, VA
Cap Rate4.21
Carport Y/NYes
CityLos Angeles
Community FeaturesGated
CountyLos Angeles
Days on Market27
DirectionsWest of Figueroa / South of Vernon
DisclosuresRentControl
Garage Spaces2.0
Garage Y/NYes
Gross Income130800.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional, CalVetLoan, FHA
Lot Size Square Feet8276.0
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income94775.0
New ConstructionNo
Occupancy TypeTenant
Open Parking Spaces7.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name47th
Tenant PaysElectricity, Gas
Total Units4
ViewNone
View Y/NNo
Waterfront Y/NNo
Year Built1924
ZoningLARD2

Exterior for 603 W 47th Street

Building Area Total4429.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.19
Lot Size Area8276.0
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesAttachedCarport, Assigned, Driveway, Gated
SpaNo
Total Parking9.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,250,000
MLS#24356505
List Date 02/08/2024
Property Type Multi-Family
Phone 714.964.3311
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