1473 W 47th Street, Los Angeles, California 90062, Los Angeles, 90062 - 4 bed, 2 bath
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Los Angeles, California 90062
This Income-Generating Value-Add Asset is listed at $795,000, representing a strategic acquisition despite the $698,445 Fair Market Value. Marketed as a "diamond in the raw" with a Condition Score of 5, the property requires substantial rehabilitation to unlock its full potential. The 1,954 square foot layout includes a tenant-occupied rental unit, a detached garage, and a private patio, offering immediate cash flow. While local schools like Normandie Avenue Elementary have lower ratings, the property's proximity to transportation and rental utility makes it a prime candidate for Buy-and-Hold Investors or Owner-Occupants.
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 | $361 | - |
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 | 0.5 mi |
C 1443 W 48th Street Sold | $625,000 | 2 | 1 | 1,389 | $450 | 0.1 mi |
D 4929 S Gramercy Place Sold | $685,000 | 3 | 2 | 1,402 | $489 | 0.7 mi |
E 5167 S Gramercy Place Sold | $590,000 | 3 | 1 | 1,530 | $386 | 0.8 mi |
F 1812 W 48th Street Sold | $775,000 | 4 | 2 | 2,215 | $350 | 0.5 mi |
G 1447 W 47th Street Active | $710,000 List Price | 2 | 2 | 2,027 | $350 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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of the structure combined with the 'raw' description indicates that major systems, kitchen, and bathrooms are likely outdated and require significant capital investment to meet modern safety and quality standards.
The property includes a tenant-occupied one-bedroom, one-bathroom rental unit, providing immediate cash flow and offsetting mortgage costs for an owner-occupant.
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.
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.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Marketed as a 'diamond in the raw' and built in 1925, the property likely requires substantial capital investment to modernize systems and finishes.
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.
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.
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 | 2.0 | 2.0 | 50% |
| Square foot | 1,954 | 1,450 | 85% |
| Lot Size | 6,090 | 5,410 | 79% |
| Price | $795.0K | $727.5K | 56% |
| Price per sq ft | $407 | $553 | 18% |
| Built year | 1925 | 1913 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 186 | 9% |
Feb 24, 2026
$795,000
Initial Listing