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

$5,790,000
  • 21 Beds
  • 19 Baths
  • 11,954 Sq.Ft.
For Sale
$5,790,000 Get Pre-Qualified
Map preview of 526 W 47Th St, Los Angeles, CA 90037

Property Overview: 526 W 47Th St Los Angeles, CA has 21 bedrooms, 19 bathrooms, 11,954 living square feet and 15,464 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: MAJOR PRICE REDUCTION- PRICE REDUCED BY $200K. WELL-MAINTAINED 19-UNITS SITTING ON A HUGE DOUBLE LOT, APPROX. 15,464 SQ. FT. COMPLETE ADDRESS: 526-534 W. 47Th ST., LA 90037. CONSISTS OF TWO ADJACENT PARCELS # 5018-027-15 & # 50-18-027-16. MINUTES SOUTH OF USC, CLOSE TO SHOPS AND RESTAURANTS. GREAT LOCATION WITH HUGE DEVELOPMENT POTENTIALS. POSSIBILITY TO BUILD AFFORDABLE / LOW INCOME UNITS; (BUYER TO VERIFY). TREMENDOUS UPSIDE POTENTIAL ONCE UNITS ARE TURNED. CLOSE TO 110-FREEWAY, SHOPS & PUBLIC TRANSITS. DRIVE BY ONLY, PLEASE DO NOT CONTACT TENANTS. CALL / TEXT LISTING AGENT FOR MORE DETAILS.

Listed by Albert Aftalion | BRE #00805337 | Keller Williams Realty Westside
Last checked: 4 minutes ago | Last updated: April 18th, 2024 | Source CRMLS | DOM: 89
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Home details

Lot Sq. Ft
15,464
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24352341
City
Los Angeles
County
Los Angeles
Time on Site
92 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 19
  • Total # of Buildings: 6
Unit Breakdown 1
  • # of Units: 18
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $39,600
  • Pro Forma/Market Rent: $39,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.4
  • Gross Scheduled Income: --
  • Net Operating Income: $361,900
  • Gross Operating Income: $501,150
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 526 W 47Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 19
  • Parcel Number: 5018027015
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Vernon Ave. / West of Figueroa St.
View more facts & features

Local Los Angeles Agent

Sale History for 526 W 47Th St

Last sold for $2,500,000 on August 11th, 2017

  • January, 2024

  • Jan 31, 2024

    Date

    Active

    CRMLS: 24352341

    $5,990,000

    Price

  • December, 2023

  • Dec 30, 2023

    Date

    Expired

    CRMLS: 23310491

    $5,990,000

    Price

  • Sep 12, 2023

    Date

    Active

    CRMLS: 23310491

    $6,250,000

    Price

  • Listing provided courtesy of CRMLS

    MAJOR PRICE REDUCTION, NEW PRICE: $5,990,000, (Price reduced by: $260,0000). WELL-MAINTAINED 19-UNITS SITTING ON A HUGE DOUBLE LOT, APPROX. 15,464 SQ. FT. COMPLETE ADDRESS: 526-534 W. 47Th ST., LA 90037. MINUTES SOUTH OF USC. CONSISTS OF TWO ADJACENT PARCELS # 5018-027-15 & # 50-18-027-16. GREAT LOCATION WITH HUGE DEVELOPMENT POTENTIALS. POSSIBILITY TO BUILD AFFORDABLE / LOW INCOME UNITS; (BUYER TO VERIFY). TREMENDOUS UPSIDE POTENTIAL ONCE UNITS ARE TURNED. CLOSE TO 110-FREEWAY, SHOPS & PUBLIC TRANSITS. DRIVE BY ONLY, PLEASE DO NOT CONTACT TENANTS. CALL / TEXT LISTING AGENT FOR MORE DETAILS.

  • August, 2023

  • Aug 20, 2023

    Date

    Expired

    CRMLS: 23276833

    $6,250,000

    Price

  • Jun 20, 2023

    Date

    Active

    CRMLS: 23276833

    $6,250,000

    Price

  • Listing provided courtesy of CRMLS

    WELL-KEPT 19-UNITS SITTING ON A HUGE DOUBLE LOT, APPROX. 15,464 SQ. FT. MINUTES SOUTH OF USC. COMPLETE ADDRESS: 526-534 W. 47Th ST., LA 90037. CONSISTS OF TWO ADJACENT PARCELS # 5018-027-15 & # 50-18-027-16. GREAT LOCATION WITH HUGE DEVELOPMENT POTENTIALS. POSSIBILITY TO BUILD AFFORDABLE / LOW INCOME UNITS; (BUYER TO VERIFY). TREMENDOUS UPSIDE POTENTIAL ONCE UNITS ARE TURNED. CLOSE TO 110-FREEWAY, SHOPS & PUBLIC TRANSITS. DRIVE BY ONLY, PLEASE DO NOT CONTACT TENANTS. CALL / TEXT LISTING AGENT FOR MORE DETAILS.

  • August, 2017

  • Aug 11, 2017

    Date

    Sold (Public Records)

    Public Records

    $2,500,000

    Price

  • March, 2016

  • Mar 7, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,995,000

    Price

Show More

Tax History for 526 W 47Th St

Assessed Value (2020): $1,304,100
Year Land Value Improved Value Assessed Value
2020 $910,350 $393,750 $1,304,100

Home Value Compared to the Market

This property vs the competition

526 W 47Th St is listed 372.65% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $484.36 per/sqft which puts the price per square foot 37.42% lower than the median price per square foot for the city of Los Angeles.

About 526 W 47Th St

Detailed summary of property

526 W 47Th St is a multi family located in Los Angeles, CA 90037 and is currently for sale. This multi family property offers 21 bedrooms, 19 bathrooms, roughly 11,954 living square feet, and sits on an approximately 15,464 square foot lot. 526 W 47Th St was first listed on ArdentRealEstateGroup.com on January 31, 2024. The homeowner is currently asking $5,790,000 and was originally asking $5,990,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 372.65% higher than the median priced home. Local competing homes currently for sale include 722 S Manhattan Pl, 3438 Potomac Ave and 514 S Mariposa Ave. While the average home in Los Angeles, CA is selling in 96 days, 526 W 47Th St has a days on market of 89 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 526 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 526 W 47Th St

Public county record property details
Beds
10
Baths
9
Year built
1906
Sq. Ft.
5,960
Lot Size
7,057
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7,8
APN
5018-027-015

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%)

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Recently Sold Homes Near 526 W 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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