1447 W 47th Street, Los Angeles, California 90062, Los Angeles, 90062 - 2 bed, 2 bath
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Los Angeles, California 90062
This Unfinished Renovation Project serves as a high-utility Value-Add Asset in a prime Los Angeles submarket. Listed at $710,000, the property is priced relative to its $674,023 Fair Market Value and current Condition Rating of 5. Spanning over 2,000 square feet near USC, the structure offers a significant footprint for reconfiguration and forced appreciation. While requiring completion of construction and lender approval, the existing upgrades provide a foundational head start for development. This project is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a high-demand rental or resale product.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1447 W 47th Street Subject | $710,000* List Price | 2 | 2 | 2,027 | $332 | - |
A 1588 W 49th Street Sold | $550,000 | 3 | 2 | 1,631 | $337 | 0.3 mi |
B 1933 W 43rd Place Sold | $700,000 | 4 | 2 | 2,298 | $305 | 0.8 mi |
C 5167 S Gramercy Place Sold | $590,000 | 3 | 1 | 1,530 | $386 | 0.8 mi |
D 1443 W 48th Street Sold | $625,000 | 2 | 1 | 1,389 | $450 | 0.1 mi |
E 1800 W 45th Street Sold | $680,000 | 3 | 1 | 1,938 | $351 | 0.6 mi |
F 1473 W 47th Street Active | $795,000 List Price | 4 | 2 | 1,954 | $407 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is an unfinished renovation project and a short sale. According to the description, it has unfinished construction and requires significant work to be completed. While some upgrades are mentioned, the home is not move-in ready and requires substantial rehabilitation to address the incomplete systems, kitchen, and bathrooms, fitting the criteria for a property with significant defects affecting immediate livability.
Situated in close proximity to USC and major freeways, this property offers significant rental or resale potential in a high-demand Los Angeles submarket.
At over 2,000 square feet, the home provides a spacious layout and ample footprint to reconfigure or add bedrooms, maximizing the property's future market value.
The property features several upgrades already in place from the initial renovation, providing a foundational head start for a contractor or developer.
The home is currently an unfinished renovation project, requiring the buyer to verify all permits and invest significant capital to complete the construction.
Being a short sale subject to lender approval, the purchase process may involve extended timelines and additional bureaucratic hurdles compared to a standard sale.
Short sale, subject to lender approval, unfinished construction, buyer to verify all permits and conduct their own due diligence. This is a chance to take over a renovation project with unfinished construction. The home offers a promising layout and several upgrades already in place, but it will require additional work and finishing touches. The property is also within close proximity to USC, local parks, schools, and public transportation, with easy access to major freeways for commuting throughout the city.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-2 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 21% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,027 | 1,450 | 91% |
| Lot Size | 5,694 | 5,410 | 71% |
| Price | $710.0K | $712.5K | 50% |
| Price per sq ft | $350 | $553 | 12% |
| Built year | 1908 | 1913 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 377 | 202 | 97% |
Feb 28, 2026
$710,000
$530,000
+34% Price Increase
Initial Listing
Apr 10, 2025
$530,000
Initial Listing