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329 W 47Th St, Los Angeles, CA 90037
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329 W 47Th St Los Angeles, CA 90037

$625,000 Sold Price as of 11/17/2020
  • 7 Beds
  • 11 Baths
  • -- Sq.Ft.
Sold
$625,000 Sold Price as of 11/17/2020 Refinance Your Mortgage
Map preview of 329 W 47Th St, Los Angeles, CA 90037

Property Overview: 329 W 47Th St Los Angeles, CA has 7 bedrooms, 11 bathrooms, -- living square feet and 5,406 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great cash flow triplex with a 4th non conforming unit, conveniently located in close proximity to the 110 fwy, downtown LA, the Banc of California stadium, public transportation, shopping, houses of worship, eateries and more. The large 3 bedroom 2 bath (1 bath not permitted) front home has been recently remodeled. 3 of the 4 units are currently occupied. The owner has submitted plans with the City to get the 4th non-conforming unit permitted (construction plans and permits to get the 4th unit permitted are in the process of being permitted by the City and will be transferred to buyer upon completion). The property is fenced and gated for security and privacy, there are 3 onsite uncovered parking spots. Please do not walk on property or contact tenants. The property is being sold as is and with tenants (back tenants are month to month), no credits or repairs will be offered by seller. See attached link for a 3D rendering of the 4th unit. https://youtu.be/p9sMN01Vs9c

Listed by Rafi Ekmekian | BRE #01717378 | eXp Realty of California Inc
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 51

Home details

Lot Sq. Ft
5,406
HOA Dues
$0/mo
Year built
1913
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20619356
City
Los Angeles
County
Los Angeles
Time on Site
1205 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $629
  • Total Rent: $650
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $626
  • Total Rent: $650
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.36
  • Gross Scheduled Income: --
  • Net Operating Income: $35,170
  • Gross Operating Income: $45,670
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 329 W 47Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • No View
  • View: None
  • Total # of Units: 3
  • Parcel Number: 5110009023
Location / Neighborhood
Location Information
  • Directions: South of Vernon and East of the 110 Harbor Freeway
View more facts & features

Local Los Angeles Agent

Sale History for 329 W 47Th St

Last sold for $625,000 on November 17th, 2020

  • November, 2020

  • Nov 18, 2020

    Date

    Sold

    CRMLS: 20619356

    $625,000

    Price

  • Oct 9, 2020

    Date

    Active Under Contract

    CRMLS: 20619356

    $640,000

    Price

  • Sep 23, 2020

    Date

    Active

    CRMLS: 20619356

    $640,000

    Price

  • Sep 20, 2020

    Date

    Price Change

    CRMLS: 20619356

    $640,000

    Price

  • Aug 31, 2020

    Date

    Active Under Contract

    CRMLS: 20619356

    $619,000

    Price

  • Aug 17, 2020

    Date

    Active

    CRMLS: 20619356

    $619,000

    Price

  • November, 2020

  • Nov 17, 2020

    Date

    Sold (Public Records)

    Public Records

    $625,000

    Price

  • September, 2018

  • Sep 4, 2018

    Date

    Sold

    CRMLS: 18361548

    $478,000

    Price

  • Aug 27, 2018

    Date

    Pending

    CRMLS: 18361548

    $495,000

    Price

  • Jul 6, 2018

    Date

    Active

    CRMLS: 18361548

    $495,000

    Price

  • Listing provided courtesy of CRMLS

    Triplex in prime, Downtown Los Angeles location. The property is comprised of one three-bedroom, one-bathroom residence and two studios. All are currently occupied with rental income. The property has been well maintained by current owner for several years. Fence surrounding the property provides both security and privacy for the tenants. Buyer to verify all information through their own due diligence and investigations. Offers must be made subject to interior inspection. Please do not disturb or try to make contact with the tenants.

  • August, 2018

  • Aug 31, 2018

    Date

    Sold (Public Records)

    Public Records

    $478,000

    Price

Show More

Tax History for 329 W 47Th St

Assessed Value (2020): $487,560
Year Land Value Improved Value Assessed Value
2020 $306,000 $181,560 $487,560

Home Value Compared to the Market

This property vs the competition

329 W 47Th St sold on November 17, 2020 for 46.22% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 329 W 47Th St

Detailed summary of property

329 W 47Th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 7 bedrooms, 11 bathrooms, roughly -- living square feet, and sits on an approximately 5,406 square foot lot. 329 W 47Th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $625,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 46.22% lower than the current median priced home. Local homes that are currently for sale include 135 W 62nd St, 1201 W 54th St and 854 E 50th St. While the average home in Los Angeles, CA is selling in 96 days, 329 W 47Th St has a days on market of 51 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 329 W 47Th St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 329 W 47Th St

Public county record property details
Beds
4
Baths
3
Year built
1913
Sq. Ft.
1,860
Lot Size
5,405
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
80
APN
5110-009-023

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
33
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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