1459 W 47th Street, Los Angeles, California 90062, Los Angeles, 90062 - 4 bed, 3 bath
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Los Angeles, California 90062
This Renovated 1912 Craftsman is a Prime Investment Opportunity, listed at $999,000—positioned well below the $1,025,852 Fair Market Value by 2%. This valuation gap offers $26,852 in Instant Equity. Boasting a Condition Rating of 2, the property features a renovated studio suite with a private entrance and an oversized garage primed for ADU development. Located in historic Vermont Square near USC, it balances architectural charm with significant rental demand. This is an ideal acquisition for House-Hacking Investors or Owner-Occupants seeking supplemental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1459 W 47th Street Subject | $999,000* List Price | 4 | 3 | 2,081 | $493 | - |
A 5035 Denker Ave Sold | $1,000,000 | 6 | 3 | 1,990 | $503 | 0.3 mi |
B 1540 W 47th Street Sold | $935,000 | 4 | 3 | 1,900 | $492 | 0.2 mi |
C 1577 W 45th Street Sold | $999,000 | 5 | 1 | 1,729 | $578 | 0.3 mi |
D 4156 Halldale Sold | $740,000 | 4 | 2 | 1,516 | $488 | 0.5 mi |
E 1527 W 45th Street Active | $999,000 List Price | 4 | 2 | 1,822 | $548 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1912, the property has undergone a comprehensive and stylish renovation within the last 5 years. The kitchen features modern white shaker cabinetry, quartz countertops, and stainless steel appliances, while the bathrooms have been fully updated with contemporary subway and hexagonal tiling. The addition of recessed lighting and a renovated studio suite indicates significant updates to the home's interior systems and overall condition, making it move-in ready with no immediate maintenance required.
Built in 1912, this quintessential Craftsman sits on an expansive corner lot in the historic Vermont Square enclave, offering authentic architectural character paired with tasteful modern upgrades.
The property features a renovated upstairs studio suite with a private entrance and kitchenette, plus a downstairs bonus den with its own side entry, making it ideal for multi-generational living or rental opportunities.
The oversized garage is primed for conversion into an ADU or creative studio, providing significant value-add potential on a spacious 6,334 square foot corner lot near USC and DTLA.
The local public schools assigned to this address currently hold low performance ratings (ranging from 1 to 3), which may be a significant drawback for families prioritizing public education.
The oversized garage is currently unfinished and requires additional capital investment and construction to realize its potential as a functional living or workspace.
A quintessential craftsman classic, built 1912, sits atop an expansive corner lot as one of the glowing jewels of Vermont Square, a historically recognized enclave of Los Angeles. Tasteful upgrades effortlessly call forth the natural beauty and allure of this neighborhood favorite for its true authenticity, charm and architectural style. Downstairs, offers 3 large bedrooms and 2 updated bathrooms, living room, dining room, spacious kitchen, laundry room, and a bonus den/office with its own separate side entrance. Upstairs, offers a stylishly renovated studio suite 4th bedroom, with its own bathroom, kitchenette and private side entrance access. A perfect suite to home that loving family member. Yet, for the Do-It-Yourselfer, the oversized garage awaits completion and is ripe for continued development to build an ADU, music studio, or pickleball court. Abundant possibilities exist to develop this home. Great location central to museums, USC and L.A.'s downtown day and nightlife, which offers local retail shops, posh restaurants and some of L.A.'s most iconic street food.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-2 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 3.0 | 2.0 | 82% |
| Square foot | 2,081 | 1,450 | 91% |
| Lot Size | 6,334 | 5,410 | 85% |
| Price | $999.0K | $727.5K | 74% |
| Price per sq ft | $480 | $553 | 24% |
| Built year | 1912 | 1913 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 186 | 3% |
Apr 18, 2026
$999,000
Initial Listing
Jun 12, 2015
$351,500
Public Record