CA > Los Angeles
Los Angeles, CA 90037,816 W 47th Street
Los Angeles, CA 90037,816 W 47th Street
Los Angeles, CA 90037,816 W 47th Street
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$2,300,000
Est. payment /mo
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16 Beds
12 Baths
Active

816 W 47th Street Los Angeles, CA 90037

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

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

MLS Router / San Diego MLS
Listed by Brett Lyon Lyon Stahl Investment Real Estate, Inc.

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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816 W 47th Street

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