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488 E 47Th St, Los Angeles, CA 90011
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488 E 47Th St Los Angeles, CA 90011

$785,000
  • 4 Beds
  • 3 Baths
  • 2,473 Sq.Ft.
For Sale
$785,000 Get Pre-Qualified
Map preview of 488 E 47Th St, Los Angeles, CA 90011

Property Overview: 488 E 47Th St Los Angeles, CA has 4 bedrooms, 3 bathrooms, 2,473 living square feet and 6,117 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This is an excellent opportunity to purchase a triplex located in the high rental demand area, just south of Downtown Los Angeles. The location is minutes to Downtown Los Angeles, Staples Center/South Park, USC, Exposition Park, etc. Great opportunity for investment or owner-occupied property.

Listed by Moussa Mehdizadeh | BRE #01315713 | Andrew C. Lee
Last checked: 3 minutes ago | Last updated: May 25th, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
6,117
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24393477
City
Los Angeles
County
Los Angeles
Time on Site
39 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $33,364
  • Gross Operating Income: $3,972
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 488 E 47Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 5109019021
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Avalon Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 488 E 47Th St

Last sold for $405,000 on July 16th, 2015

  • May, 2024

  • May 17, 2024

    Date

    Active

    CRMLS: 24393477

    $785,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23283509

    $785,000

    Price

  • Jun 22, 2023

    Date

    Active

    CRMLS: 23283509

    $785,000

    Price

  • Listing provided courtesy of CRMLS

  • February, 2023

  • Feb 1, 2023

    Date

    Expired

    CRMLS: 22209663

    $800,000

    Price

  • Oct 17, 2022

    Date

    Active

    CRMLS: 22209663

    $800,000

    Price

  • Listing provided courtesy of CRMLS

    This is an excellent opportunity to purchase a triplex in the high rental demand area just south of Downtown Los Angeles. The location is minutes from Downtown Los Angeles, Staples Center/South Park, USC, Exposition Park, etc. Great opportunity for investment or owner-occupied property. One vacant unit.

  • July, 2022

  • Jul 1, 2022

    Date

    Expired

    CRMLS: 22121239

    $737,000

    Price

  • Jan 24, 2022

    Date

    Active

    CRMLS: 22121239

    $737,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 2015

  • Jul 16, 2015

    Date

    Sold (Public Records)

    Public Records

    $405,000

    Price

Show More

Tax History for 488 E 47Th St

Assessed Value (2020): $438,383
Year Land Value Improved Value Assessed Value
2020 $238,134 $200,249 $438,383

Home Value Compared to the Market

This property vs the competition

488 E 47Th St is listed 37.15% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $317.43 per/sqft which puts the price per square foot 59.2% lower than the median price per square foot for the city of Los Angeles.

About 488 E 47Th St

Detailed summary of property

488 E 47Th St is a multi family located in Los Angeles, CA 90011 and is currently for sale. This multi family property offers 4 bedrooms, 3 bathrooms, roughly 2,473 living square feet, and sits on an approximately 6,117 square foot lot. 488 E 47Th St was first listed on ArdentRealEstateGroup.com on May 17, 2024. The homeowner is currently asking $785,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 37.15% lower than the median priced home. Local competing homes currently for sale include 4918 Wadsworth Ave, 227 W 47th St and 228 W 47th Pl. While the average home in Los Angeles, CA is selling in 98 days, 488 E 47Th St has a days on market of 39 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 488 E 47Th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 488 E 47Th St

Public county record property details
Beds
5
Baths
3
Year built
1922
Sq. Ft.
2,473
Lot Size
6,116
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
104
APN
5109-019-021

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$493
Median Sold Price
$555,000
Median Sold Price/Sq.Ft.
$484
Total Inventory
47
Median Sale to List Price %
100%
Avg Days on Market
12
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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Recently Sold Homes Near 488 E 47Th St

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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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