872 W 47th, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 1 bath
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Los Angeles, California 90037
This property presents a High-Potential Investment Opportunity with a List Price of $649,999—positioned above the $554,712 Fair Market Value by 17%. While the price reflects a premium, the 7,779 sqft lot offers significant ADU development potential and density expansion. With a Condition Rating of 5, the structure requires a comprehensive renovation of its 1908 infrastructure. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a value-add strategy near the high-demand USC corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 872 W 47th Subject | $649,999* List Price | 2 | 1 | 1,090 | $509 | - |
A 1040 W 45th Street Sold | $575,000 | 2 | 1 | 1,344 | $428 | 0.3 mi |
B 1111 W 54th Sold | $640,000 | 3 | 1 | 1,188 | $539 | 0.6 mi |
C 4239 South Raymond Avenue Sold | $565,000 | 2 | 1 | 1,218 | $464 | 0.7 mi |
D 4242 Kenwood Avenue Sold | $592,500 | 2 | 1 | 1,244 | $476 | 0.7 mi |
E 933 W 57th Sold | $585,000 | 3 | 2 | 1,152 | $508 | 0.7 mi |
F 840 W 53rd Street Sold | $635,000 | 3 | 2 | 1,189 | $534 | 0.4 mi |
G 1024 W 42nd Pl Pending | $599,900 List Price | 2 | 1 | 1,308 | $459 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1908 and shows no evidence of recent renovations. The kitchen features extremely dated wood paneling and cabinetry likely from the mid-20th century, and the flooring throughout is heavily worn. The listing's emphasis on 'potential' and 'development' confirms the home requires a total rehab of its dated systems, kitchen, and bath.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7779, living area = 1090.
The expansive 7,779 sqft lot provides a rare opportunity for ADU construction or multi-unit expansion, allowing investors or homeowners to maximize the property's density and value.
Located near the University of Southern California, the property is positioned in a high-demand rental market with excellent access to metropolitan amenities, dining, and major transportation corridors.
Built in 1908, the structure likely requires significant updates to its core systems and finishes to meet modern building standards and buyer expectations.
The current 2-bedroom, 1-bathroom configuration and 1,090 sqft footprint may be too small for many modern families, necessitating immediate further investment in expansion.
Welcome to 872 W 47th Street, a fantastic opportunity in the heart of Los Angeles! Situated on a spacious lot with incredible ADU potential, this property offers endless possibilities for homeowners, investors, or buyers looking to expand and maximize value. Whether you are looking to create additional living space, build an income-producing unit, or simply enjoy the extra yard space, this property delivers exceptional flexibility. Conveniently located near the University of Southern California (USC), this home is ideal for those wanting easy access to one of LA’s premier universities, nearby entertainment, dining, and vibrant city life. The property is also centrally located near schools, shopping centers, restaurants, parks, and major freeways, making commuting throughout Los Angeles simple and convenient. The large lot provides plenty of room for future development, outdoor entertaining, parking, or creating your dream backyard retreat. With strong upside potential and a prime location in a rapidly growing area of Los Angeles, this property is a rare opportunity for buyers looking to secure a home with long-term possibilities. Whether you are a first-time buyer, investor, or someone looking for a property with expansion opportunities, 872 W 47th Street offers location, potential, and convenience all in one. Don’t miss your chance to own a property near USC with room to grow in one of Los Angeles’ most sought-after urban locations!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-2 • 0.2 mi
Grades K-5 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 1,090 | 1,272.5 | 17% |
| Lot Size | 7,779 | 5,375 | 97% |
| Price | $650.0K | $660.0K | 50% |
| Price per sq ft | $596 | $488 | 83% |
| Built year | 1908 | 1912 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 156 | 7% |
May 12, 2026
$649,999
Initial Listing
Apr 18, 2023
$575,000
Public Record