856 W 47th Street, Los Angeles, California 90037, Los Angeles, 90037 - 12 bed, 8 bath

856 W 47th Street, Los Angeles, California 90037 home-pic-0
ACTIVE$1,749,000
856 W 47th Street, Los Angeles, California 90037
12Beds
8Baths
4,510Sqft
338,809,664Lot
Year Built
2025
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
$388
HOA
-
Days on market
-
Sold On
-
MLS number
BB25157315
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.75M(96th), sqft - 4510(96th), beds - 12(96th), baths - 8(96th).

Don’t miss this rare opportunity to own an income generating fourplex in one of Los Angeles’ most rapidly developing neighborhoods near USC! This exceptional property combines brand-new construction (2 units, built in 2025) and upgraded existing units (2 units) for a combined 4-unit investment property. The property has 3 units available for rent and 1 unit paying rent, making it ideal for investors looking to identify their own tenants and maximize cash flow. With a cap rate of 7.44% and a gross rent multiplier (GRM) of 10.47, this asset presents strong current returns and long-term appreciation in a high-demand rental market. This property is one of three 4-unit investment properties in the same area available in the portfolio—offering great opportunity for buyers looking to invest in an individual or multiple income-generating assets. At the rear of the property sits a newly built (2025) duplex, featuring two beautifully designed 3-bedroom, 2-bathroom units—each 912 square feet. These modern residences offer stylish vinyl plank flooring, quartz countertops, dual-pane energy-efficient windows, new water heaters, in-unit washer/dryer hookups, and fully paid-off solar panels for long-term energy savings. These units are not subject to rent control. The front duplex built in 1914 has been thoughtfully upgraded and includes two spacious 3-bedroom, 2-bathroom units, each over 1,300 square feet. These units also feature dedicated laundry rooms with washer/dryer hookups and updated interiors, providing comfort and convenience for tenants. The property has plenty of onsite parking as well as it is an oversized lot exceeding 7,770 square feet in the heart of Los Angeles. The property has undergone significant infrastructure upgrades, including a modernized electrical system with separate electric meters and sub panels for each unit, as well as all-copper plumbing throughout. A 5-minute drive to the University of Southern California (USC), and close proximity to Downtown Los Angeles including Crypto Arena, LA LIVE, this property is perfectly positioned in a high-demand rental market. With easy access to major freeways and everyday amenities, this turn-key property is perfect for seasoned or first-time investors seeking solid returns, low maintenance, and a prime location for continued growth.

Nearby schools

2/10
Marguerite Poindexter Lamotte Elementary
Public,K-50.1mi
/10
Dr. James Edward Jones Primary Center
Public,K-20.2mi
3/10
Fifty-Second Street Elementary School
Public,K-50.3mi
5/10
West Vernon Avenue Elementary School
Public,K-50.5mi
5/10
Menlo Avenue Elementary School
Public,K-50.6mi
3/10
Normandie Avenue Elementary School
Public,K-50.6mi
2/10
Main Street Elementary School
Public,K-50.9mi
2/10
Western Avenue Elementary School
Public,K-51.2mi
3/10
Trinity Street Elementary School
Public,K-51.3mi
2/10
Martin Luther King Jr. Elementary School
Public,K-51.4mi
/10
Maple Primary Center
Public,K-11.4mi
3/10
Angeles Mesa Elementary School
Public,K-51.9mi
2/10
Forty-Second Street Elementary School
Public,K-52.0mi
2/10
Tom Bradley Global Awareness Magnet School
Public,K-52.2mi
3/10
Sixth Avenue Elementary School
Public,K-52.7mi
2/10
John Muir Middle School
Public,6-81.0mi
2/10
Barack Obama Global Preparation Academy
Public,6-81.2mi
3/10
William Jefferson Clinton Middle School
Public,6-81.4mi
3/10
Los Angeles Academy Middle
Public,6-81.5mi
1/10
Horace Mann Junior High School
Public,6-82.1mi
2/10
Audubon Middle School
Public,6-82.5mi
3/10
Manual Arts Senior High School
Public,9-120.6mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,9-121.0mi
3/10
Nava College Preparatory Academy
Public,9-122.2mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,9-122.4mi
5/10
Santee Education Complex
Public,9-122.5mi

Price History

Date
Event
Price
04/04/22
Sold
$850,000
Condition Rating
Good

The property is a fourplex with two newly built units (2025) and two upgraded units. The new units feature modern amenities like vinyl plank flooring, quartz countertops, and new appliances. The upgraded units also have updated interiors. While the front duplex was built in 1914, the description mentions thoughtful upgrades. The images confirm modern kitchens and bathrooms in the renovated units. Given the mix of new construction and upgraded older units, 'Good' is an appropriate condition score.
Pros & Cons

Pros

Income Potential: Fourplex property with strong income-generating potential, featuring a 7.44% cap rate and a 10.47 GRM.
New Construction: Two units are newly built in 2025, offering modern amenities and potentially higher rental income.
Upgraded Units: Existing units have been thoughtfully upgraded, providing comfortable living spaces for tenants.
Prime Location: Located near USC and Downtown Los Angeles, offering easy access to amenities, freeways, and a high-demand rental market.
Infrastructure Upgrades: Modernized electrical system with separate meters and all-copper plumbing throughout, reducing maintenance costs.

Cons

Partial Rent Control: The front duplex built in 1914 may be subject to rent control, limiting potential rent increases.
Older Construction: The front duplex was built in 1914, which may require ongoing maintenance and potential repairs.
Tenant Turnover: Three units are currently vacant, requiring effort to find suitable tenants and potentially impacting immediate cash flow.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state