
Los Angeles, California 90037
This Renovated Quadruplex Asset is a High-Potential Investment Opportunity listed at $1,099,000, representing a stable entry point at its $1,099,000 Fair Market Value. Boasting a Condition Rating of 3, the units feature modern shaker-style cabinetry and updated flooring, while the detached 3-car garage offers significant ADU Conversion Potential. Strategically located 1.3 miles from USC and BMO Stadium, the property benefits from intense rental demand and neighborhood revitalization. This is a premier choice for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 961 W 47th Street Subject | $1,099,000* List Price | 0 | 0 | 2,772 | $396 | - |
A 1261 W 51st Sold | $940,000 | 0 | 0 | 2,401 | $392 | 0.5 mi |
B 821 W 43rd Place Sold | $1,130,000 | 0 | 0 | 2,448 | $462 | 0.3 mi |
C 528 W 43rd Street Sold | $965,000 | 0 | 0 | 2,000 | $483 | 0.5 mi |
D 1027 W 46th Street Active | $875,000 List Price | 0 | 0 | 2,544 | $344 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1913, the property has undergone significant interior renovations that make it move-in ready. The kitchens feature modern white shaker-style cabinetry and updated appliances, while the bathrooms have been refreshed with contemporary vanities and tile work. The units show newer laminate flooring, fresh paint, and updated light fixtures. The detached garage is noted as completely remodeled, and the overall condition of the vacant units suggests a high level of recent maintenance and modernization.
The property is strategically located within 1.5 miles of USC, the Lucas Museum of Narrative Art, and BMO Stadium, ensuring consistent rental demand from students and professionals.
A detached, remodeled 3-car garage provides a significant value-add opportunity for conversion into an Accessory Dwelling Unit (ADU) to maximize rental income.
With two units delivered vacant, the property allows for immediate owner-occupancy or the ability to secure market-rate tenants without the constraints of existing long-term leases.
The property was recently sold within the past year on 2025-06-20. The sold price is $1,000,000.00. The property was recently sold within the past year on 2025-03-21. The sold price is $1,675,000.00.
Built in 1913, the property may require ongoing maintenance or costly upgrades to aging systems such as plumbing, electrical, and foundation to meet modern standards.
Many of the surrounding public schools carry low ratings (1-2 out of 10), which may deter long-term family tenants and impact future resale value to certain buyer demographics.
Located in the heart of South Los Angeles, this investment property has a strong upside potential in a neighborhood that’s actively transitioning and showing signs of revitalization. This four-unit property includes two income-producing units and two vacant units, offering flexibility for owner-occupied or investors ready to capitalize on rental demand. The area is seeing increased investment and development activity, making it an up-and-coming community with growing appeal. Positioned just 1.5 miles from the new Lucas Museum of Narrative Art (Star Wars Museum), 1.2 miles from the Natural History Museum, and just over a mile from the California Science Center and Children’s Science Center, this property sits at the intersection of culture, education, and innovation. It’s also only 1.3 miles from USC, making it an ideal opportunity for parents looking to avoid high dormitory costs by investing in housing for their student. Instead of paying rent, your child can live in one of the units while the others generate rental income—turning an expense into a wealth-building strategy. Adding even more value, the detached 3-car garage completely remodeled has excellent potential for conversion into an Accessory Dwelling Unit (ADU), which could provide additional income and boost overall property value. ($2,500 -$3,500/month rent potential, that's $30K -$40K/ year upside Property delivered with 2 vacant + 2 occupied (as-is) + . Just 1.4 miles from BMO Stadium, home of LAFC, this property is perfectly positioned to benefit from the continued transformation of South LA. With cultural landmarks, major institutions, and infrastructure upgrades nearby, this is a rare opportunity to invest in a rising neighborhood while enjoying immediate and future gains. Some pictures have been virtually staged to create a vision for buyers. The property is priced based on its current income and occupancy. "Price reflects current income and development upside. Vacancy beyond existing units is not included."
No exterior & parking available.
Grades K-2 • 0.1 mi
Grades K-5 • 0.1 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,772 | 2,012 | 74% |
| Lot Size | 6,683 | 5,461 | 84% |
| Price | $1.10M | $940.0K | 84% |
| Price per sq ft | $396 | $392 | 53% |
| Built year | 1913 | 1923 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 94 | 242 | 21% |
Mar 21, 2026
$1,099,000
$1,199,000
-8% Price Drop
Initial Listing
Jan 18, 2026
$1,199,000
Initial Listing
Jun 20, 2025
$1,000,000
Public Record
Mar 21, 2025
$1,675,000
Public Record
Aug 13, 2020
$1,040,000
Public Record
Apr 20, 2018
$495,000
Public Record