1447 W 47th Street, Los Angeles, California 90062, Los Angeles, 90062 - 2 bed, 2 bath
1447 W 47th Street
Los Angeles, California 90062
Property Price
SUMMARY
Analysis of 1447 W 47th Street, Los Angeles, California 90062 reveals a property with a current list price of $710,000, which is 5% above the estimated $674,023 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
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 | $333 | - |
A 1933 W 43rd Place Sold | $700,000 | 4 | 2 | 2,298 | $305 | 0.8 mi |
B 1800 W 45th Street Sold | $680,000 | 3 | 1 | 1,938 | $351 | 0.6 mi |
C 1443 W 48th Street Sold | $625,000 | 2 | 1 | 1,389 | $450 | 0.1 mi |
D 4207 S Van Ness Avenue Sold | $570,000 | 3 | 2 | 1,708 | $334 | 1.0 mi |
E 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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Investment Location
Situated in close proximity to USC and major freeways, this property offers significant rental or resale potential in a high-demand Los Angeles submarket.
- Substantial Square Footage
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.
- Existing Upgrades
The property features several upgrades already in place from the initial renovation, providing a foundational head start for a contractor or developer.
CONSRISKS & DEFICIENCIES
- Unfinished Construction
The home is currently an unfinished renovation project, requiring the buyer to verify all permits and invest significant capital to complete the construction.
- Short Sale Complexity
Being a short sale subject to lender approval, the purchase process may involve extended timelines and additional bureaucratic hurdles compared to a standard sale.
About 1447 W 47th Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1908
- Lot Size
- 5,694 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Normandie Avenue Elementary School
Grades K-5 • 0.2 mi
Dr. James Edward Jones Primary Center
Grades K-2 • 0.6 mi
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 21% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,027 | 1,402 | 83% |
| Lot Size | 5,694 | 5,504 | 59% |
| Price | $710.0K | $800.0K | 41% |
| Price per sq ft | $350 | $556 | 14% |
| Built year | 1908 | 1913 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 330 | 190 | 97% |
Pricing History
Listed for Sale
Feb 28, 2026
$710,000
$530,000
+34% Price Increase
Initial Listing
Price Change
Apr 10, 2025
$530,000
Initial Listing