1580 E 47th, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This duplex presents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well below the $533,825 Fair Market Value by 1%. This valuation gap offers $8,825 in Instant Equity for buyers. With a Condition Rating of 5, the 1906 structure requires significant rehabilitation, yet the 6,001-square-foot lot provides excellent potential for ADU expansion. This asset is ideal for Buy-and-Hold Investors or Contractors seeking a value-add project in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1580 E 47th Subject | $525,000* List Price | 0 | 0 | 2,297 | $232 | - |
A 4322 Honduras Street Sold | $465,000 | 0 | 0 | 2,290 | $203 | 0.3 mi |
B 1138 E 45th Street Sold | $575,000 | 5 | 4 | 2,460 | $234 | 0.6 mi |
C 1134 E 45th Street Sold | $575,000 | 4 | 4 | 2,037 | $282 | 0.6 mi |
D 1241 E 43rd Sold | $555,000 | 0 | 0 | 2,362 | $235 | 0.5 mi |
E 1242 E 43rd Active | $599,999 List Price | 0 | 0 | 2,297 | $261 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1906, this property is over 100 years old and explicitly described as needing 'TLC' and being sold in 'as-is' condition. As a short sale with no mention of recent updates, it likely has outdated systems, kitchens, and baths requiring significant rehabilitation.
As a duplex with 2,297 square feet of living space, this property offers a versatile opportunity for rental income or multi-generational living in a high-demand Los Angeles rental market.
Priced at $525,000—notably lower than its previous sales history of $765,000—this listing presents a prime opportunity for investors to capture substantial equity through strategic renovations.
The 6,001-square-foot lot provides ample space for off-street parking or potential ADU expansion, which is a highly desirable feature in the densely populated Downtown L.A. area.
The transaction is a short sale subject to lender approval, which often involves a more complex, uncertain, and lengthy closing process compared to standard sales.
The property is being sold in 'as-is' condition and explicitly requires 'TLC,' indicating that significant capital investment will be necessary to address repairs and modernize the 1906 structure.
SHORT SALE - Subject to lenders approval. Listing Broker, Sellers and Agent do not guarantee the accuracy of square footage, bed/bath count, lot size, permit info, parking, descriptions herein, or other info as to conditions-features of property provided by the seller or obtained from public records-other sources. Information is deemed reliable but not guaranteed. Buyer is advised to independently verify the accuracy of all info through personal inspection and with appropriate professionals. Buyers to verify ALL aspects of property. Property to be sold "as is condition." Property needs TLC.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-6 • 0.5 mi
Grades 1-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,297 | 2,250 |
| Lot Size | 6,001 | 5,864 |
| Price | $525.0K | $826.7K |
| Price per sq ft | $229 | $395 |
| Built year | 1906 | 1925 |
| HOA | $0 | $0 |
| Days on market | 2 | 83 |
Jul 21, 2026
$525,000
Initial Listing
Mar 26, 2025
$765,000
Public Record
Feb 11, 2022
$690,000
Public Record
Sep 5, 2018
$420,000
Public Record
Sep 2, 2014
$340,000
Public Record
Jun 27, 2013
$215,000
Public Record
Sep 25, 2006
$535,000
Public Record
Dec 2, 2004
$369,000
Public Record