324 W 47th Place, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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324 W 47th Place
Los Angeles, California 90037
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,106Sq Ft
5,408Lot Size
Property Price
LIST PRICE$999,900
EST. MARKET VALUE
$1,061,522
5% BelowMARKET VALUE
SUMMARY
This 2-on-a-lot Residential Income property represents a Strong Value Opportunity, listed at a List Price of $999,900—positioned well below the $1,061,523 Fair Market Value by 5%. This valuation gap provides $61,623 in Instant Equity. Featuring a Mint Condition Rating with recent renovations, this asset offers immediate rental utility. Its central location near the 110 freeway and DTLA ensures high tenant demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey multi-unit property.
Estimated Market Value
$1,061,522+$61,622 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 324 W 47th Place Subject 0 bd · 0 ba · 2,106 sqft · $504 | $999,900* List Price | 0 | 0 | 2,106 | $504 | - |
A 420 W 53rd Sold 0 bd · 0 ba · 1,893 sqft · $497 · 0.4 mi | $940,000 | 0 | 0 | 1,893 | $497 | 0.4 mi |
B 326 -328 W 47th Sold 0 bd · 0 ba · 1,738 sqft · $532 · 0.1 mi | $925,000 | 0 | 0 | 1,738 | $532 | 0.1 mi |
C 134 W 49th Active 0 bd · 0 ba · 2,342 sqft · $380 · 0.3 mi | $888,999 List Price | 0 | 0 | 2,342 | $380 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite being built in 1910, the property shows evidence of a comprehensive recent renovation (likely <5 years). Interior features new carpet, fresh paint, modern ceiling fans, and updated doors. Bathrooms have been modernized with new vanities and contemporary tile work. Exterior images show updated electrical panels and systems, indicating the property is in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Rental Potential
The '2 on a lot' configuration featuring a 3-bedroom front unit with an attached single and a 2-bedroom rear unit offers excellent income generation or multi-generational living flexibility.
- Prime Central Location
Situated minutes from Downtown Los Angeles with immediate access to the 110 freeway, this property is ideally positioned for commuters and urban professionals.
- Extensive Parking and Lot Utility
The property boasts a long driveway, a detached garage, and spacious front and rear yards, providing rare outdoor space and ample parking in a dense metropolitan area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2106, other record living area = 2006.
- Recently Sold Property
The property was recently sold within the past year on 2026-08-03. The sold price is $560,000.00.
- Century-Old Structure
Originally built in 1910, the property likely requires significant ongoing maintenance or costly upgrades to aging systems like plumbing and electrical to meet modern standards.
About 324 W 47th Place
Great opportunity to own this spacious 2 ON A LOT in Los Angeles featuring a 3-bedroom, 2-bath front unit with an attached single and a 2-bedroom, 2-bath rear unit. The property includes a long driveway with ample parking, a garage for added convenience, and spacious front and back yards perfect for outdoor gatherings and entertaining. Ideal for owner-occupants or extended families looking for a multi-unit property with plenty of space and potential. Centrally located near the 110 fwy and minutes from DTLA.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1910
- Lot Size
- 5,408 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,106 | 2,090.331 |
| Lot Size | 5,408 | 5,852.908 |
| Price | $999.9K | $830.9K |
| Price per sq ft | $475 | $394 |
| Built year | 1910 | 1928 |
| HOA | $0 | $0 |
| Days on market | 3 | 87 |
Pricing History
Listed for Sale
Nov 6, 2026
$999,900
Initial Listing
Sold
Aug 3, 2026
$560,000
Public Record
Sold
Sep 7, 2021
$495,000
Public Record