225 W 47th Place, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

225 W 47th Place, Los Angeles, California 90037 home-pic-0
ACTIVE$820,000
225 W 47th Place, Los Angeles, California 90037
0Bed
0Bath
2,626Sqft
5,650Lot
Year Built
1953
Close
-
List price
$820K
Original List price
$820K
Price/Sqft
$312
HOA
-
Days on market
-
Sold On
-
MLS number
PW25014069
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $820.0K(39th), sqft - 2626(57th), beds - undefined(50th), baths - undefined(50th).

Great opportunity to own a well-maintained 3-unit property! This property consists of two buildings, featuring three units in total. The front house is a two-story home with 4 bedrooms and 2 bathrooms. The back house includes two 1-bedroom, 1-bath units above a 3-car garage. The property boasts a newer roof, a new heater, and a new water heater, and has recently been repainted both inside and out. Additionally, it offers new flooring throughout. Conveniently located within walking distance of a Grocery Market and a Catholic Church. The tenant in the front house has just moved out, so it will be delivered vacant. The two one-bedroom units are currently occupied on a month-to-month basis, with rent payments consistently made on time. The location is conveniently close to the 110 Freeway, USC University, Downtown LA, LAFC Stadium, and much more."

Price History

Date
Event
Price
07/03/25
Sold
$780,000
08/19/11
Sold
$195,000
02/14/06
Sold
$540,000
Condition Rating
Fair

The property was built in 1953 and while it has a newer roof, heater, water heater, paint, and flooring, the kitchens and bathrooms appear dated in the images. The updates are not extensive enough to qualify for 'Good', and the age of the property suggests it requires more than just minor updates, but it appears maintained, placing it in 'Fair' condition.
Pros & Cons

Pros

Income Potential: The property features three units, offering immediate rental income potential with two units currently occupied and generating consistent on-time rent payments.
Recent Upgrades: The property boasts a newer roof, new heater, new water heater, fresh paint (interior and exterior), and new flooring throughout, reducing immediate maintenance concerns.
Prime Location: Conveniently located near the 110 Freeway, USC University, Downtown LA, and LAFC Stadium, enhancing its appeal to renters and increasing its long-term value.

Cons

Month-to-Month Leases: The two occupied units are on month-to-month leases, which may present instability in rental income and require proactive tenant management.
Age of Property: Built in 1953, the property may require ongoing maintenance and potential upgrades to meet modern standards and tenant expectations.

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