137 W 47th Place, Los Angeles, California 90037, Los Angeles, 90037 - 3 bed, 2 bath

137 W 47th Place, Los Angeles, California 90037 home-pic-0
ACTIVE$589,000
137 W 47th Place, Los Angeles, California 90037
3Beds
2Baths
1,687Sqft
5,649Lot
Year Built
1907
Close
-
List price
$589K
Original List price
$589K
Price/Sqft
$349
HOA
-
Days on market
-
Sold On
-
MLS number
DW25020281
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 34% below the list price. We found 2 Cons,3 Pros. Rank: price - $589.0K(21th), sqft - 1687(64th), beds - 3(50th), baths - 2(50th).

Fixer in need of an investor. Cash offers will only be accepted. Seller has not been in the property for more than 20 years. No access will be provided to interior of the home. Property to be sold with occupant in place. There is no lease agreement or rent being paid. Seller can provide occupants name for future buyer to do an eviction. Agent nor seller have seen the inside of this home. This property has the square footage, zoning and lot size to be converted into a duplex and or adu and Jr. Buyer to verify with city for all uses. No guarantees are made by agent or seller. House has a fireplace and 1.3 baths as well. Small back room can be used as a bedroom or office as well. Wash and dryer hook ups are near the service porch ion the back as well.

Price History

Date
Event
Price
02/24/25
Sold
$485,000
Condition Rating
Tear down

The property was built in 1907 and is described as a 'fixer' with no interior access available for viewing. The listing explicitly states that the seller hasn't been in the property for over 20 years, and it's being sold with an occupant in place. Given the age, lack of recent renovations, and unknown interior condition, it's likely the property requires extensive repairs or demolition. The images show a dilapidated exterior, further supporting this assessment.
Pros & Cons

Pros

Development Potential: The property's zoning and lot size offer potential for conversion into a duplex or ADU, pending city verification, increasing its investment appeal.
Sizeable Square Footage: With 1687 sqft, the property provides a substantial footprint for renovation or redevelopment.
Prime Location: Located in Los Angeles, the property benefits from access to city amenities and potential for appreciation.

Cons

Occupied with No Lease: The property is being sold with an occupant in place and no lease agreement, necessitating eviction proceedings by the buyer.
Unknown Interior Condition: The interior condition is unknown, requiring a cash offer and significant potential investment for repairs and upgrades.

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