1473 W 47th Street, Los Angeles, California 90062, Los Angeles, 90062 - 4 bed, 2 bath
1473 W 47th Street
Los Angeles, California 90062
Property Price
SUMMARY
Analysis of 1473 W 47th Street, Los Angeles, California 90062 reveals a property with a current list price of $795,000, which is 13% above the estimated $698,444 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 |
|---|---|---|---|---|---|---|
★ 1473 W 47th Street Subject | $795,000* List Price | 4 | 2 | 1,954 | $357 | - |
A 1800 W 45th Street Sold | $680,000 | 3 | 1 | 1,938 | $351 | 0.5 mi |
B 1443 W 48th Street Sold | $625,000 | 2 | 1 | 1,389 | $450 | 0.1 mi |
C 4929 S Gramercy Place Sold | $685,000 | 3 | 2 | 1,402 | $489 | 0.7 mi |
D 4207 S Van Ness Avenue Sold | $570,000 | 3 | 2 | 1,708 | $334 | 0.9 mi |
E 1812 W 48th Street Sold | $775,000 | 4 | 2 | 2,215 | $350 | 0.5 mi |
F 1588 W 49th Street Pending | $615,000 List Price | 3 | 2 | 1,631 | $377 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1925 and described as a 'diamond in the raw,' this property requires substantial rehabilitation and modernization. While currently habitable and tenant-occupied, the age of the structure combined with the 'raw' description indicates that major systems, kitchen, and bathrooms are likely outdated and require significant capital investment to meet modern safety and quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The property includes a tenant-occupied one-bedroom, one-bathroom rental unit, providing immediate cash flow and offsetting mortgage costs for an owner-occupant.
- Spacious and Versatile Layout
Boasting nearly 2,000 square feet of living space, the home features large rooms, a dedicated breakfast nook, and a separate office room, offering significant functional flexibility.
- Generous Lot and Outdoor Utility
The 6,090 square foot lot provides a sizable yard and a detached garage, offering rare outdoor space and storage capacity in a central Los Angeles location.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Significant Renovation Needs
Marketed as a 'diamond in the raw' and built in 1925, the property likely requires substantial capital investment to modernize systems and finishes.
- Underperforming School District
The local public schools carry low performance ratings (ranging from 1 to 3), which may limit the property's appeal to families prioritizing educational proximity.
About 1473 W 47th Street
Diamond in the raw with income from a one bedroom/one bathroom rental that is tenant occupied and a separate office room and garage. Property is in good shape considering the age. Spacious rooms, breakfast nook and nice yard. Near transportation.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 6,090 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 • 0.3 mi
Dr. James Edward Jones Primary Center
Grades K-2 • 0.6 mi
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,954 | 1,402 | 79% |
| Lot Size | 6,090 | 5,504 | 72% |
| Price | $795.0K | $800.0K | 48% |
| Price per sq ft | $407 | $556 | 21% |
| Built year | 1925 | 1913 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 185 | 3% |
Pricing History
Listed for Sale
Feb 24, 2026
$795,000
Initial Listing