1459 W 47th Street, Los Angeles, California 90062, Los Angeles, 90062 - 4 bed, 3 bath
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1459 W 47th Street
Los Angeles, California 90062
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,081Sq Ft
6,334Lot Size
Property Price
LIST PRICE$989,000
EST. MARKET VALUE
$1,011,401
SUMMARY
This California Craftsman represents a Prime Investment Opportunity, listed at $989,000—positioned well below the $1,011,402 Fair Market Value by 2%. This valuation gap provides $22,402 in Instant Equity. Featuring a Mint Condition Rating with a renovated studio suite and modern kitchen, the property offers immediate rental income potential. Its expansive corner lot and flexible layout make it a versatile asset for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home with significant development upside.
Estimated Market Value
$1,011,401
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1459 W 47th Street Subject 4 bd · 3 ba · 2,081 sqft · $486 | $989,000* List Price | 4 | 3 | 2,081 | $486 | - |
A 1527 W 45th Street Sold 4 bd · 2 ba · 1,822 sqft · $554 · 0.2 mi | $1,010,000 | 4 | 2 | 1,822 | $554 | 0.2 mi |
B 1458 W 49th Sold 6 bd · 4 ba · 2,360 sqft · $371 · 0.2 mi | $875,000 | 6 | 4 | 2,360 | $371 | 0.2 mi |
C 4020 Brighton Avenue Sold 4 bd · 2 ba · 2,294 sqft · $381 · 0.6 mi | $875,000 | 4 | 2 | 2,294 | $381 | 0.6 mi |
D 4920 S Wilton Place Sold 5 bd · 4 ba · 2,018 sqft · $542 · 0.7 mi | $1,094,000 | 5 | 4 | 2,018 | $542 | 0.7 mi |
E 1812 W 48th Sold 4 bd · 2 ba · 2,215 sqft · $422 · 0.6 mi | $935,000 | 4 | 2 | 2,215 | $422 | 0.6 mi |
F 1506 W 54th Street Sold 3 bd · 2 ba · 1,682 sqft · $550 · 0.6 mi | $925,000 | 3 | 2 | 1,682 | $550 | 0.6 mi |
G 4904 S Van Ness Avenue Sold 3 bd · 2 ba · 1,252 sqft · $587 · 0.9 mi | $735,000 | 3 | 2 | 1,252 | $587 | 0.9 mi |
H 1552 W Vernon Avenue Active Under Contract 4 bd · 2 ba · 1,774 sqft · $519 · 0.2 mi | $920,000 List Price | 4 | 2 | 1,774 | $519 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1912, the property has undergone a comprehensive recent renovation (likely within the last 5 years). The kitchen features modern white shaker cabinets, stainless steel appliances, and stone countertops. The bathrooms and upstairs studio suite are also fully updated, placing the home in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & Versatility
The property features a renovated upstairs studio suite with a private entrance and kitchenette, plus a main-level bonus den with a side entrance, offering exceptional flexibility for multi-generational living or rental income.
- Development Opportunity
Situated on an expansive corner lot, the oversized garage presents a significant opportunity for an ADU conversion or further development, allowing buyers to add substantial value to the property.
- Prime Historic Location
Located in the historic Vermont Square neighborhood, the home offers excellent proximity to USC, Downtown Los Angeles, and major attractions like Exposition Park and the upcoming Lucas Museum.
CONSRISKS & DEFICIENCIES
- Underperforming Local Schools
The assigned public schools for this area currently have low ratings (ranging from 1 to 3), which may be a concern for families prioritizing high-performing educational districts.
- Vintage Infrastructure Maintenance
As a 1912 Craftsman, the home may require more frequent and specialized maintenance of its historic systems and structural elements compared to modern residential builds.
About 1459 W 47th Street
PRICED TO SELL! Set on an expansive corner lot in historic Vermont Square, this 1912 California Craftsman pairs timeless architectural character with thoughtful updates and exceptional flexibility. The main level features three spacious bedrooms, two updated bathrooms, a generous living room and dining room, a spacious kitchen, a laundry room, and a bonus den/office with a separate side entrance. Upstairs, a renovated studio-style suite offers a fourth bedroom, bathroom, kitchenette, and private entrance ideal for guests or flexible living. The oversized garage presents exciting possibilities for future use or development, subject to buyer investigation and required permits. Enjoy convenient access to public transportation, USC, downtown Los Angeles, neighborhood shops and dining, and Exposition Park attractions, including the Lucas Museum of Narrative Art. A distinctive Craftsman home with versatile spaces and room to make it your own.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1912
- Lot Size
- 6,334 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 • 0.3 mi
3/10
Dr. James Edward Jones Primary Center
Grades K-2 • 0.6 mi
0/10
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.8 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,081 | 1,670.836 |
| Lot Size | 6,334 | 6,152.156 |
| Price | $989.0K | $1.34M |
| Price per sq ft | $475 | $807 |
| Built year | 1912 | 1941 |
| HOA | $0 | $238 |
| Days on market | 19 | 56 |
Pricing History
Listed for Sale
Oct 21, 2026
$989,000
Initial Listing
Sold
Jun 12, 2015
$351,500
Public Record