1493 W 47th Street, Los Angeles, California 90062, Los Angeles, 90062 - 5 bed, 4 bath
1493 W 47th Street
Los Angeles, California 90062
Property Price
SUMMARY
Analysis of 1493 W 47th Street, Los Angeles, California 90062 reveals a Fairly Priced Property with a current list price of $1,125,000 aligned with the estimated $1,125,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1493 W 47th Street Subject | $1,125,000* List Price | 5 | 4 | 2,516 | $447 | - |
A 1558 W 47th Street Sold | $1,100,000 | 5 | 3 | 2,287 | $481 | 0.1 mi |
B 1577 W 45th Street Sold | $999,000 | 5 | 1 | 1,729 | $578 | 0.2 mi |
C 1540 W 47th Street Sold | $935,000 | 4 | 3 | 1,900 | $492 | 0.1 mi |
D 5206 S St Andrews Place Sold | $1,020,000 | 6 | 5 | 2,900 | $352 | 0.6 mi |
E 1900 W 41st St Active | $1,165,000 List Price | 3 | 2 | 2,425 | $480 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property is in excellent condition, featuring a main house that has undergone extensive recent renovations and a legal ADU built in 2019. The interior boasts modern upgrades including a contemporary kitchen with stainless steel appliances and stone countertops, updated bathrooms with stylish subway tile and glass enclosures, recessed lighting, and central HVAC systems. The preservation of original hardwood floors combined with new dual-pane windows and updated electrical/mechanical systems indicates a high standard of maintenance and modern quality.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating ADU
The property features a legal 2-bedroom, 2-bathroom ADU built in 2019 with separate gas and electric meters, offering significant potential for rental income or multi-generational living.
- Modernized Historic Charm
The 1912 main residence preserves original hardwood flooring while incorporating essential modern upgrades such as Central AC, dual-pane windows, and recessed lighting.
- Strategic Growth Location
Located in close proximity to USC, BMO Stadium, and the Expo Center, the property is positioned to benefit from appreciation tied to the upcoming Olympic Games and FIFA World Cup.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The local public schools assigned to this address have low performance ratings, ranging from 1 to 3, which may be a deterrent for families prioritizing education.
- Limited Outdoor Space
With two large residential units situated on a 5,717-square-foot lot, the available private yard and green space are likely constrained.
- Aged Infrastructure
While the home is well-maintained, the 1912 original construction date suggests potential long-term maintenance requirements common in century-old structures.
About 1493 W 47th Street
Extremely nice very spacious property on a tree lined residential street, two on a lot, with a legal 2+2 ADU that was built in 2019, great for additional income. Separate gas & electric meters. Front house is very large with a family room and bonus office space, dual pane windows, gas burning fireplace, Original nice hardwood flooring throughout, Central AC, Central heat, recessed lighting, with a separate breakfast room in kitchen, all appliances included with sale. The ADU features two bedrooms & two full bathrooms, central AC, central heat, with recessed lighting throughout. Delivered vacant at COE. Seller may be willing to assist with buyers closing cost or rate reduction. Close proximity to BMO Stadium, Expo Center, & U.S.C. Placed to profit from area's ongoing expansion including the upcoming Olympic Games and FIFA World Cup.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1912
- Lot Size
- 5,717 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 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 | 5.0 | 3.0 | 83% |
| Baths | 4.0 | 2.0 | 93% |
| Square foot | 2,516 | 1,402 | 93% |
| Lot Size | 5,717 | 5,504 | 59% |
| Price | $1.12M | $810.0K | 86% |
| Price per sq ft | $447 | $556 | 24% |
| Built year | 1912 | 1913 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 172 | 185 | 41% |
Pricing History
Listed for Sale
Nov 19, 2025
$1,125,000
$1,140,000
-1% Price Drop
Initial Listing
Price Change
Sep 15, 2025
$1,140,000
Initial Listing
Sold
Sep 10, 2019
$819,000
Public Record
Sold
Nov 14, 2018
$74,000
Public Record
Sold
Nov 1, 2018
$425,000
Public Record