961 W 47th Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

961 W 47th Street
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 961 W 47th Street, Los Angeles, California 90037 is currently available with a list price of $1,199,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Proximity to Major Landmarks
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.
- ADU Conversion Potential
A detached, remodeled 3-car garage provides a significant value-add opportunity for conversion into an Accessory Dwelling Unit (ADU) to maximize rental income.
- Immediate Rental Flexibility
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.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
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.
- Historic Infrastructure
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.
- Underperforming Local Schools
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.
About 961 W 47th Street
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. 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. Seller motivated to entertain all offers. PRICE TO SELL.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1913
- Lot Size
- 6,683 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Dr. James Edward Jones Primary Center
Grades K-2 • 0.1 mi
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.1 mi
Fifty-Second Street Elementary School
Grades K-5 • 0.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,772 | 2,496 | 60% |
| Lot Size | 6,683 | 5,451.5 | 90% |
| Price | $1.20M | $945.0K | 80% |
| Price per sq ft | $433 | $324 | 70% |
| Built year | 1913 | 1923 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 260 | 5% |
Pricing History
Listed for Sale
Jan 18, 2026
$1,199,000
Initial Listing
Sold
Jun 20, 2025
$1,000,000
Public Record
Sold
Mar 21, 2025
$1,675,000
Public Record
Sold
Aug 13, 2020
$1,040,000
Public Record
Sold
Apr 20, 2018
$495,000
Public Record

































