1497 W 47th Street, Los Angeles, California 90062, Los Angeles, 90062 - 2 bed, 1 bath
1497 W 47th Street
Los Angeles, California 90062
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1497 W 47th Street Subject | $549,999* List Price | 2 | 1 | 816 | $598 | - |
A 1445 W 55th St Sold | $607,000 | 3 | 2 | 1,087 | $558 | 0.6 mi |
B 3970 Dalton Avenue Pending | $589,000 List Price | 2 | 1 | 1,040 | $566 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1918, this property is explicitly marketed as a 'diamond in the rough' and a 'high-potential flip' for investors. The listing indicates the home is not move-in ready, requiring a contractor and substantial rehabilitation to modernize the kitchen, bathroom, and major systems, which aligns with the criteria for poor condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Investment Potential
Positioned as a 'diamond in the rough,' this property offers a significant opportunity for investors or first-time buyers to build immediate equity through a renovation or flip in a high-demand area.
- Competitive Entry-Level Pricing
At $549,999, this residence provides a rare and accessible price point for a detached single-family home within the Los Angeles market.
- Detached Lot Utility
The property sits on a 4,448 sqft lot, offering more privacy and potential for outdoor customization or expansion compared to high-density residential alternatives.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
The home is not move-in ready and requires a contractor's touch, which will necessitate additional upfront capital and time for repairs and modernization.
- Low Local School Ratings
The surrounding public schools have low performance ratings, ranging from 1 to 3, which may be a drawback for families with school-aged children.
About 1497 W 47th Street
Welcome to 1497 W 47th St, a diamond in the rough perfectly positioned for the savvy buyer. Offered at an accessible $549,999, this 2-bedroom, 1-bathroom residence serves as the ideal canvas for a first-time homeowner looking to build immediate equity or an investor seeking a high-potential flip in a high-demand LA pocket. The home features a functional layout that awaits your creative touch. Whether you’re dreaming of a modern open-concept starter home or a sleek rental property, the bones are here to make it happen. Located with easy access to the best of Los Angeles, this is a rare chance to secure a detached single-family home at a price point that actually makes sense. Don't wait for someone else to see the vision—bring your contractor and your imagination!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1918
- Lot Size
- 4,448 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 • 0.7 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 | 2.0 | 3.0 | 21% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 816 | 1,389 | 3% |
| Lot Size | 4,448 | 5,411 | 7% |
| Price | $550.0K | $800.0K | 7% |
| Price per sq ft | $674 | $558 | 76% |
| Built year | 1918 | 1913 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 185 | 3% |
Pricing History
Listed for Sale
Feb 17, 2026
$549,999
Initial Listing