323 W 47th, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90037
This Strategic Residential Income Duplex is a High-Potential Investment Opportunity, listed at $839,000—positioned below the $841,979 Fair Market Value by 0.4%. This valuation provides $2,979 in Instant Equity. Built in 1989, the property maintains a Fair Condition Rating with two expansive 3-bedroom units near USC and DTLA. It is perfectly configured for "house hacking" to offset mortgage costs or maximizing rental yields in a high-demand corridor. This asset offers a stable foundation for wealth building, ideal 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 | $437 | - |
A 725 727 W 50th Street Sold | $625,000 | 0 | 0 | 1,916 | $326 | 0.5 mi |
B 211 W 52nd Street Sold | $750,000 | 0 | 0 | 2,390 | $314 | 0.4 mi |
C 916 W 53rd St Street Sold | $805,000 | 0 | 0 | 2,012 | $400 | 0.8 mi |
D 621 W 54th Street Sold | $722,000 | 0 | 0 | 1,790 | $403 | 0.6 mi |
E 237 W 50th Active | $749,900 List Price | 0 | 0 | 2,019 | $371 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989, this 35-year-old property fits the 'fair' criteria for homes built 25-40 years ago with no documented major recent renovations. While the exterior appears maintained and the description states the units are move-in ready, the lack of updated interior details suggests the kitchen, bathrooms, and major systems are likely functional but aged and original to the construction era.
Situated minutes from USC, Exposition Park, and DTLA, this property is in a high-demand rental corridor, ensuring strong occupancy rates and long-term appreciation potential.
Both units feature a 3-bedroom configuration, which is ideal for 'house hacking' or maximizing rental income from larger families and student groups.
Built in 1989, this duplex is significantly newer than much of the surrounding housing stock, likely offering more modern building systems and lower immediate maintenance requirements.
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.
With only one bathroom per three-bedroom unit, the layout may be less competitive for modern tenants, potentially impacting the maximum rental yield.
The detached parking is accessible only via an alleyway, which can be a concern for some residents regarding convenience and security in a dense urban environment.
**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 | 2,000 | 47% |
| Lot Size | 4,541 | 5,377 | 16% |
| Price | $839.0K | $855.0K | 47% |
| Price per sq ft | $436 | $392 | 63% |
| Built year | 1989 | 1923 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 242 | 5% |
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