227 W 47th Street, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Value-Add Duplex Asset is listed at $699,000, representing a strategic acquisition near its $641,631 Fair Market Value. Currently holding a Condition Rating of 5, the property requires significant rehabilitation but offers a high-demand 4BR/2BA front unit and a 2BR/1BA back unit. The detached garage provides a prime ADU conversion opportunity to generate a third income stream in a high-growth corridor near DTLA and USC. This project is perfectly suited for Buy-and-Hold Investors or Renovation Specialists looking to maximize ARV through forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 227 W 47th Street Subject | $699,000* List Price | 0 | 0 | 1,863 | $344 | - |
A 250 W 49th Street 2 Sold | $593,000 | 0 | 0 | 2,052 | $289 | 0.2 mi |
B 725 727 W 50th Street Sold | $625,000 | 0 | 0 | 1,916 | $326 | 0.6 mi |
C 621 W 54th Street Sold | $722,000 | 0 | 0 | 1,790 | $403 | 0.7 mi |
D 916 W 53rd St Street Sold | $805,000 | 0 | 0 | 2,012 | $400 | 0.9 mi |
E 547 W 43rd Street Active | $694,000 List Price | 0 | 0 | 1,921 | $361 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1909, this property is explicitly marketed as a 'value-add' opportunity needing 'TLC.' The listing and images indicate significant deferred maintenance, aging infrastructure, and outdated kitchen and bathroom facilities that require substantial rehabilitation and system updates to meet modern standards.
The property features a rare 4BR/2BA front unit and a 2BR/1BA back unit, providing a versatile configuration that commands top-tier rents and appeals to large families or house-hackers.
The detached garage is perfectly positioned for an ADU conversion, offering a strategic opportunity to add a third income stream and significantly increase the property's total value.
Located minutes from DTLA, BMO Stadium, and the Coliseum, this asset is situated in a high-growth corridor, ensuring strong long-term appreciation and high tenant demand.
The property is noted as needing 'TLC,' implying that substantial upfront capital and vision are necessary to address deferred maintenance and reach peak After Repair Value (ARV).
Originally built in 1909, the structure may require costly updates to major systems like plumbing, electrical, and foundation to meet modern building codes and tenant expectations.
Maximize your equity with this strategic value-add opportunity. This duplex needs TLC. Features a rare 4BR/2BA front unit (high-demand/top-tier rent) and a 2BR/1BA back unit, ideal for house-hacking or a high-cap rate portfolio addition. The Upside: Detached garage is perfectly positioned for an ADU conversion to create a third income stream. The Location: Minutes from DTLA, BMO Stadium, and the Coliseum. The Play: Bring your vision, renovate to peak ARV, and secure a versatile asset in a high-growth corridor. Don't miss out!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,863 | 2,000 | 42% |
| Lot Size | 7,845 | 5,461 | 95% |
| Price | $699.0K | $855.0K | 16% |
| Price per sq ft | $375 | $387 | 47% |
| Built year | 1909 | 1923 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 242 | 16% |
Feb 27, 2026
$699,000
Initial Listing
Oct 3, 2005
$475,000
Public Record
Mar 15, 2001
$215,000
Public Record
Oct 25, 2000
$164,000
Public Record
Jun 9, 2000
$201,202
Public Record
Dec 10, 1996
$185,000
Public Record