324 W 47th Place, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This property presents a Strong Value Opportunity with a List Price of $559,900—positioned well below the $596,138 Fair Market Value by 6%. This valuation gap offers $36,238 in Instant Equity for buyers prepared to address the Condition Rating of 5. Featuring a generous 5,408 sqft lot and dual-income potential, this asset requires a full professional rehab to unlock its rental upside. It is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a high-growth project near USC and Downtown Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 324 W 47th Place Subject | $559,900* List Price | 0 | 0 | 2,006 | $297 | - |
A 250 W 49th Street 2 Sold | $593,000 | 0 | 0 | 2,052 | $289 | 0.1 mi |
B 725 727 W 50th Street Sold | $625,000 | 0 | 0 | 1,916 | $326 | 0.5 mi |
C 257 W 42nd Pending | $600,000 List Price | 0 | 0 | 2,077 | $289 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910 with no evidence of recent renovations. The interior shows significant neglect, including heavily stained and soiled carpeting, visible wall damage, and potential moisture issues. The property features dated wall heaters and is currently secured with VPS security panels, indicating a distressed state that requires a full professional rehab of all major systems, kitchens, and baths.
As a versatile duplex with two separate units, this property offers excellent flexibility for rental income, multi-generational living, or an owner-occupant looking to offset their mortgage.
The property is ideally situated near USC, BMO Stadium, and Downtown Los Angeles, ensuring high rental demand and easy access to major employment hubs and public transit.
The 5,408-square-foot lot provides rare onsite parking and sufficient space to maximize future value, a significant competitive advantage in a high-density urban market.
Built in 1910, the structure may require substantial maintenance or costly upgrades to aging systems such as plumbing, electrical, and foundation to meet modern standards.
The emphasis on 'upside potential' and renovation suggests the property likely requires immediate capital expenditure to address deferred maintenance and achieve market-rate rents.
Excellent opportunity in the heart of Los Angeles. This versatile duplex offers strong upside potential in a rapidly growing market. Two separate units provide flexible options for rental income, owner occupancy, or multi-generational living. The property sits on a generously sized lot with onsite parking and room to maximize future value. Conveniently located near Downtown Los Angeles, LAX, USC, BMO Stadium, Exposition Park, Metro access, major freeways, shopping, and dining. The area continues to see strong rental demand and long-term growth, making this property ideal for buyers seeking income potential and long-term appreciation. Opportunities like this are becoming harder to find in Los Angeles. Whether you plan to renovate or hold as an investment, this property offers a strong foundation for future value.
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 | 2,006 | 1,961 | 50% |
| Lot Size | 5,408 | 5,437 | 50% |
| Price | $559.9K | $725.0K | 13% |
| Price per sq ft | $279 | $352 | 13% |
| Built year | 1910 | 1923 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 175 | 6% |
May 19, 2026
$559,900
Initial Listing
Sep 7, 2021
$495,000
Public Record