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Los Angeles, CA 90037 961 W 47th Street

$1,400,000

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Presented By: Michael Massa with Coldwell Banker Realty; 310-779-9007
  • MLS# SR24086410
  • 05/01/2024
  • Request Tour
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  • BedBeds • 8
  • BathBaths • 4
  • FootageSQFT • 2,772
  • GarageGarage • 3

Home Details

Fantastic Investment Opportunity! This charming and well-maintained fourplex offers four units, each featuring 2 bedrooms and 1 bathroom. Recent upgrades include renovated kitchens and bathrooms in each unit. With close to 2,800 sq. ft. of living space on an over 6,600 sq. ft. lot, this property presents a lucrative investment potential. Zoned LARD3, the property also had previous permits for an ADU that have now expired, allowing for an additional 2 bed/1 bath unit to further increase income potential. Garage will be vacant upon closing. Conveniently located near the 110 Freeway, Downtown LA, Staples Center, LA Live, USC, museums, parks, and major restaurants, this property is an excellent investment opportunity. The property will be delivered with tenants in place, ensuring immediate rental income. Tenants are not aware of the sale, so please do not disturb them.
Presented By: Michael Massa with Coldwell Banker Realty; 310-779-9007

Interior Features for 961 W 47th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, ElectricDryerHookup
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 961 W 47th Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, StormDrains, StreetLights, Suburban, Sidewalks
CountyLos Angeles
Days on Market20
DirectionsSouth of Vernon Ave/East of Vermont Ave/West of Hoover Ave/North of Slauson Ave.
Entry Location1/2
Fuel Expense0.0
Garage Spaces3.0
Garage Y/NYes
Gross Income88500.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Conventional
Lot Size Square Feet6685.0
MLS AreaC34 - Los Angeles Southwest
MobileHomeRemainsYNNo
Net Operating Income64534.1
New ConstructionNo
Number of Units Leased4
Operating Expense23965.9
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name47th
Tax Lot70
Taxes$17,500
Total Units4
Trash Expense0.0
View Y/NNo
Virtual TourClick here
Water Sewer Expense6466.0
Waterfront Y/NNo
Year Built1913
Year Built SourceAssessor
ZoningLARD3

Exterior for 961 W 47th Street

Building Area Total2772.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre, FrontYard, Lawn
Lot Size Acres0.1535
Lot Size Area6685.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters4
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking3.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,400,000
MLS#SR24086410
List Date 05/01/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors