856 W 47th Street, Los Angeles, California 90037, Los Angeles, 90037 - 12 bed, 8 bath
ACTIVE$1,698,000
856 W 47th Street, Los Angeles, California 90037
12Beds
8Baths
4,510Sqft
7,778Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High-Performing Investment Metrics: The property boasts strong investment metrics with a 7.13% CAP rate and 10.95 GRM, indicating excellent cash flow potential.
Top Cons:
High Initial Investment: The list price of $1.698 million represents a substantial capital outlay, which may limit the pool of potential buyers.
Compared to the nearby listings
Price:$1.70M vs avg $965.0K (+$733,000)96%
Size:4,510 sqft vs avg 2,544 sqft96%
Price/sqft:$376 vs avg $35952%
More Insights
Built in 2025 (0 years old).
Condition: This property features brand-new 2025 construction for the rear duplex units, and the front duplex units have been extensively upgraded with modern finishes. The images showcase newly renovated kitchens with white shaker cabinets, quartz countertops, and stainless steel appliances, along with contemporary bathrooms featuring new vanities, tiled showers, and modern fixtures. The property boasts new flooring, fresh paint, upgraded electrical, copper plumbing, and paid-off solar, indicating a turnkey condition with no deferred maintenance.
Year Built
2025
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$376
HOA
-
Days on market
-
Sold On
-
MLS number
BB25199705
Home ConditionExcellent
Features
Patio
View-
About this home
Investor Alert! High-performing 4-unit asset near USC with 7.13% CAP, 10.95 GRM, and huge rental upside. Three units delivered vacant—set your own rents immediately. Rear duplex is brand-new 2025 construction (2× 3BD/2BA; 912 sq. ft. each; NOT rent-controlled). Front duplex includes two upgraded 3BD/2BA units (1,300+ sq. ft. each) with private laundry. Low maintenance + low expenses: paid-off solar, copper plumbing, upgraded electrical, separate meters, oversized 7,770+ sq. ft. lot. Prime location: Minutes to USC, DTLA, Crypto Arena, LA LIVE, and major freeways— strong tenant demand. Portfolio Opportunity: Perfect for cash flow investors, 1031 buyers, or portfolio builders. This fourplex is one of three income-generating 4-unit properties available in the same USC-area portfolio. A rare chance to buy one or all three for instant scale. Across the portfolio you can control 12 total units, (12BD/8BA + 10BD/6BA + 12BD/8BA)—a powerful, high-yield rental footprint in one of LA’s fastest-growing markets. Turnkey, high-yield, and priced to move.
Nearby schools
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.1mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.2mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.3mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.5mi
5/10
Menlo Avenue Elementary School
Public,•K-5•0.6mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.6mi
2/10
Main Street Elementary School
Public,•K-5•0.9mi
2/10
Western Avenue Elementary School
Public,•K-5•1.2mi
3/10
Trinity Street Elementary School
Public,•K-5•1.3mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.4mi
/10
Maple Primary Center
Public,•K-1•1.4mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.9mi
2/10
Forty-Second Street Elementary School
Public,•K-5•2.0mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.2mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.7mi
2/10
John Muir Middle School
Public,•6-8•1.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.2mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.4mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.5mi
1/10
Horace Mann Junior High School
Public,•6-8•2.1mi
2/10
Audubon Middle School
Public,•6-8•2.5mi
3/10
Manual Arts Senior High School
Public,•9-12•0.6mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.0mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.2mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.4mi
5/10
Santee Education Complex
Public,•9-12•2.5mi
Price History
Date
Event
Price
04/04/22
Sold
$850,000
Condition Rating
Excellent
This property features brand-new 2025 construction for the rear duplex units, and the front duplex units have been extensively upgraded with modern finishes. The images showcase newly renovated kitchens with white shaker cabinets, quartz countertops, and stainless steel appliances, along with contemporary bathrooms featuring new vanities, tiled showers, and modern fixtures. The property boasts new flooring, fresh paint, upgraded electrical, copper plumbing, and paid-off solar, indicating a turnkey condition with no deferred maintenance.
Pros & Cons
Pros
High-Performing Investment Metrics: The property boasts strong investment metrics with a 7.13% CAP rate and 10.95 GRM, indicating excellent cash flow potential.
Significant Rental Upside & Vacancy: Three units are delivered vacant, allowing immediate rent setting at market rates and maximizing income potential from day one.
New Construction & Upgraded Units: The rear duplex is brand-new 2025 construction (not rent-controlled), complemented by two upgraded front units with private laundry, ensuring modern appeal and reduced immediate maintenance.
Low Maintenance & Operating Costs: Features like paid-off solar, copper plumbing, upgraded electrical, and separate meters contribute to significantly lower ongoing expenses and higher net operating income.
Prime Location & Portfolio Opportunity: Located minutes from USC, DTLA, and major attractions, ensuring strong tenant demand. It's also part of a larger portfolio, offering a rare chance for investors to scale up to 12 units.
Cons
High Initial Investment: The list price of $1.698 million represents a substantial capital outlay, which may limit the pool of potential buyers.
Age Discrepancy Between Units: While the rear duplex is new construction (2025), the front duplex units are only 'upgraded,' implying an older original build which could lead to differing maintenance needs or tenant expectations.
Reliance on Student Market: The prime location near USC, while driving demand, also means a significant portion of the tenant base may be students, potentially leading to higher turnover rates or specific management challenges.