872 W 47th, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 1 bath
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Los Angeles, California 90037
This Development-Ready Residential Asset is listed at $800,000, carrying a price point above the $680,670 Fair Market Value due to its exceptional land utility. The property features a 7,779 sqft lot, which is over four times the size of the existing living area, offering significant Development Potential for multi-unit construction. While the 1908 structure maintains a Condition Rating of 4, the value-add opportunity lies in the "Ready to Build" status within the Los Angeles Unified district. This project is ideally suited for Developers or Speculative Investors aiming to maximize density.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 872 W 47th Subject | $800,000* List Price | 2 | 1 | 1,090 | $624 | - |
A 636 W 52nd Sold | $645,000 | 3 | 2 | 1,060 | $608 | 0.4 mi |
B 707 West 51st Street Sold | $640,000 | 3 | 1 | 1,009 | $634 | 0.3 mi |
C 840 W 53rd Street Sold | $635,000 | 3 | 2 | 1,189 | $534 | 0.4 mi |
D 1111 W 54th Active Under Contract | $639,900 List Price | 3 | 1 | 1,188 | $539 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1908, the property is aged but appears maintained through regular upkeep. The kitchen and bathroom are functional but feature outdated styles, including older cabinetry, tile countertops, and vintage fixtures. While the home is livable, it lacks modern renovations, and the listing's emphasis on the large lot and development potential suggests the structure requires significant updating to meet current market standards.
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 is marketed as 'ready to build units,' offering significant upside for investors or developers looking to maximize density in a high-demand Los Angeles submarket.
Rare for the area, the nearly 7,800 sqft lot provides ample space for the addition of Accessory Dwelling Units (ADUs) or a large private outdoor oasis.
Originally built in 1908, the home may require significant capital expenditures for modernizing structural, electrical, and plumbing systems to meet current building codes.
While schools are nearby, many of the assigned middle and high schools currently hold low performance ratings, which may impact long-term resale value for families.
Nice Property. Huge Lot. Ready to Build Units
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 | 28% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 1,090 | 1,250.5 | 16% |
| Lot Size | 7,779 | 5,366.5 | 97% |
| Price | $800.0K | $652.5K | 78% |
| Price per sq ft | $734 | $488 | 97% |
| Built year | 1908 | 1911 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 181 | 9% |
Feb 20, 2026
$800,000
Initial Listing
Apr 18, 2023
$575,000
Public Record