232 E 47th 2, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
Loading property details...
232 E 47th 2
Los Angeles, California 90011
ACTIVE UNDER CONTRACT
CONDITION: GOOD
0Beds
0Baths
2,755Sq Ft
6,076Lot Size
Property Price
LIST PRICE$849,900
EST. MARKET VALUE
$868,774
SUMMARY
This Residential Income Duplex is a High-Potential Investment Opportunity, listed at $849,900—positioned well below the $881,616 Fair Market Value by 3%. This valuation gap offers $31,716 in Instant Equity. Featuring a 2015-built rear unit and a Condition Rating of 3, the property provides stable rental income with significant value-add potential through JADU or garage conversion. With its gated entrance and ample parking, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a strategic, income-producing property in Los Angeles.
Estimated Market Value
$868,774
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 232 E 47th 2 Subject | $849,900* List Price | 0 | 0 | 2,755 | $315 | - |
A 288 E 43rd Sold | $686,734 | 0 | 0 | 1,740 | $395 | 0.3 mi |
B 456 E 43rd Place Sold | $935,000 | 0 | 0 | 2,640 | $354 | 0.4 mi |
C 3833 - 3835 Woodlawn Sold | $1,000,000 | 0 | 0 | 3,446 | $290 | 0.8 mi |
D 687 E 49th Sold | $805,000 | 0 | 0 | 3,000 | $268 | 0.5 mi |
E 1223 E 46th Pending | $750,000 List Price | 0 | 0 | 2,687 | $279 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property features a rear unit built in 2015 (9 years old), which meets the 'Excellent' age criteria, while the front unit (1910) has been updated with granite countertops and tile flooring likely within the last 10-15 years. The presence of separate meters and functional floor plans indicates a well-maintained, move-in ready investment.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Rear Unit Addition
The rear 3-bedroom, 3-bathroom unit was permitted and built in 2015, offering modern construction standards and functional layouts that contrast favorably with older area inventory.
- Value-Add Potential
The property features a 2-car garage and a spacious lot that may qualify for a JADU or garage conversion, providing a clear path to increasing rental yield and overall asset value.
- Ample Parking and Security
A gated entrance, long driveway, and 2-car garage provide significant off-street parking for both units, a highly sought-after amenity in high-density Los Angeles neighborhoods.
CONSRISKS & DEFICIENCIES
- Age Disparity of Structures
The front unit dates back to 1910, which may require more intensive maintenance and upgrades to aging systems compared to the newer 2015 rear structure.
- Occupancy Uncertainty
The seller provides no guarantee of delivering the rear unit vacant, which may present a challenge for owner-occupiers or investors looking to immediately capture market-rate rents.
About 232 E 47th 2
Excellent opportunity to own this income producing 2,755 square feet duplex situated on 6,000 sq feet lot with 2 car garage, gated entrance, and a long driveway providing ample additional parking. ONE STORY 4BEDROOM 2BATHROOM FRONT UNIT (232 E 47TH STREET) offers spacious garden like front yard with mature avocado tree. ADDED IN 2015 WITH PERMITS, 2 STORY 3BEDROOM 3BATHROOM REAR UNIT (234 E 47TH STREET) has a private back yard paved with concrete allowing privacy and parking for several vehicles. Both Units have functional floor plans, inside laundry areas, granite counter tops, and separate gas and electric meters. Property has strong in place rents with long standing reliable tenants and might qualify for additional JADU/garage conversion to provide another income venue. (Buyer and Buyer's agent have to exercise their own due diligence with City of LA). Seller might be able to deliver the back unit vacant, but GIVES NO GUARANTEE. Close proximity to all major freeways and downtown LA provides a great potential for a long term real estate investment.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1910
- Lot Size
- 6,076 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Main Street Elementary School
Grades K-5 • 0.5 mi
2/10
Forty-Ninth Street Elementary School
Grades K-5 • 0.5 mi
2/10
West Vernon Avenue Elementary School
Grades K-5 • 0.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,755 | 2,187.451 |
| Lot Size | 6,076 | 5,841.385 |
| Price | $849.9K | $841.5K |
| Price per sq ft | $308 | $385 |
| Built year | 1910 | 1928 |
| HOA | $0 | $0 |
| Days on market | 43 | 85 |
Pricing History
Listed for Sale
Jul 28, 2026
$849,900
Initial Listing
Sold
Sep 30, 2015
$237,000
Public Record
Sold
Apr 20, 2006
$355,000
Public Record