323 W 47th, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Strategic Residential Income Duplex is a Prime Investment Opportunity, listed at $839,000—positioned well below the $872,688 Fair Market Value by 3%. This valuation gap offers $33,688 in Instant Equity. The property maintains a Good Condition Rating with two move-in-ready 3-bedroom units, featuring new laminate flooring and a private patio. Located minutes from USC and Exposition Park, it offers high rental demand and "house hacking" potential. This asset is perfectly suited for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 323 W 47th Subject | $839,000* List Price | 0 | 0 | 1,925 | $453 | - |
A 919 919 1/2 W 49th Sold | $980,000 | 0 | 0 | 1,812 | $541 | 0.6 mi |
B 528 W 43rd Street Sold | $965,000 | 0 | 0 | 2,000 | $483 | 0.4 mi |
C 211 W 52nd Street Sold | $750,000 | 0 | 0 | 2,390 | $314 | 0.4 mi |
D 555 W 43rd Active | $850,000 List Price | 0 | 0 | 1,748 | $486 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1989, the property has undergone recent cosmetic renovations including new laminate flooring, fresh paint, and updated interior doors. While some original elements like popcorn ceilings and wall heaters are present, the units are well-maintained and move-in ready, fitting the 5-15 year renovation window for a good rating.
The property is ideally situated near USC, Exposition Park, and major stadiums, ensuring high rental demand from students and professionals and excellent proximity to DTLA.
Both units feature a 3-bedroom configuration, which is rare for duplexes in this market and provides superior 'house hacking' potential or higher gross rental income.
Built in 1989, this structure is significantly newer than the typical early-20th-century housing stock in the area, likely offering more reliable systems and lower immediate maintenance needs.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4541, other record lot size in square feet = 5405. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1925, other record living area = 2047.
Each 3-bedroom unit contains only one bathroom, which may be a drawback for larger families or groups of roommates and could limit the property's maximum rental ceiling.
The detached parking is located at the rear and accessible only via an alleyway, which some tenants may find less convenient or secure compared to front-facing driveways.
**INVEST IN YOUR FUTURE: END THE CYCLE OF PAYING RENT** Instead of watching your financial assets diminish due to inflation, consider acquiring a significant 1,925 sq ft investment property in the heart of Los Angeles. We present to you 323 W 47th Place, an extraordinary duplex offering an exceptional opportunity for "House Hacking" and serving as a strategic defense against rising rental costs. This property is ideally situated mere minutes from USC, Exposition Park, Banc of California Stadium, LA Memorial Coliseum, and the Natural History Museum, with quick access to DTLA, the 110 & 10 freeways, Metro lines, and LA Live, making it a valuable asset for wealth generation. **PROPERTY OVERVIEW**: This duplex comprises two expansive units, each with 3 bedrooms and 1 bathroom. **ADDITIONAL FEATURES**: The property includes detached parking spaces located at the rear, accessible via an alleyway. Properties of this caliber, particularly large duplexes with move-in-ready units, are in high demand and are often acquired quickly by prospective buyers. This unique opportunity offers a rare second chance to secure a prime asset before the market fully recognizes its value. Large duplexes with move-in-ready units in this high-demand corridor vanish fast. This hidden gem gives YOU a rare "second chance" before the market realizes its true potential. Act now!
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 | 1,925 | 1,988.5 | 50% |
| Lot Size | 4,541 | 5,275 | 19% |
| Price | $839.0K | $725.0K | 63% |
| Price per sq ft | $436 | $352 | 75% |
| Built year | 1989 | 1925 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 66 | 151 | 13% |
Apr 9, 2026
$839,000
Initial Listing
Sep 23, 2009
$240,000
Public Record
Nov 17, 2006
$630,000
Public Record
Feb 13, 2006
$425,000
Public Record