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

$2,250,000
  • 24 Beds
  • 20 Baths
  • 4,429 Sq.Ft.
For Sale
$2,250,000 Get Pre-Qualified
Map preview of 603 W 47Th St, Los Angeles, CA 90037

Property Overview: 603 W 47Th St Los Angeles, CA has 24 bedrooms, 20 bathrooms, 4,429 living square feet and 8,276 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: Attention Investors and 1031 Exchangers: Profit-Generating Opportunity Awaits! Presenting a unique and lucrative four-unit property with market rents, this charming combination of Spanish-style duplex and modern duplex behind the gates will impress. The front units have been completely renovated, while the remaining units are newly constructed, all boasting excellent condition and market-value rents. Parking is plentiful, offering a combination of garages, carports, and open parking spaces to accommodate tenants comfortably. Comprising (2) 2-bedroom, 2-bathroom units, (1) 4-bedroom, 2-bathroom unit, and (1) 3-bedroom, 2-bathroom unit, each residence features open layouts with spacious kitchens and islands, perfect for modern living. Centrally located near public transportation and local freeways, this property is within minutes of USC University, the New Banc of California Stadium, Crypto.com Arena, and vibrant DTLA. Whether you're a seasoned investor or new to the market, this is an exceptional opportunity not to be missed. Reach out today for more details and secure your investment in this highly sought-after property!

Listed by Walter Castillo | BRE #01141632 | Coldwell Banker Realty
Last checked: 14 minutes ago | Last updated: March 6th, 2024 | Source CRMLS | DOM: 76
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Home details

Lot Sq. Ft
8,276
HOA Dues
$0/mo
Year built
1924
Garage
2 Car
Property Type:
Multi Family
Status
Active
MLS#
24356505
City
Los Angeles
County
Los Angeles
Time on Site
88 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.21%
  • Gross Rent Multiplier: 17.5
  • Gross Scheduled Income: --
  • Net Operating Income: $94,775
  • Gross Operating Income: $130,800
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 603 W 47Th St

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Property Details for 603 W 47Th St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Built-In
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Assigned, Driveway - Combination, Attached Carport, Gated
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5018029028
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Figueroa / South of Vernon
View more facts & features

Local Los Angeles Agent

Sale History for 603 W 47Th St

Last leased for $3,500 on July 20th, 2022

  • February, 2024

  • Feb 8, 2024

    Date

    Active

    CRMLS: 24356505

    $2,300,000

    Price

  • April, 2023

  • Apr 21, 2023

    Date

    Expired

    CRMLS: 22210530

    $2,299,000

    Price

  • Oct 20, 2022

    Date

    Active

    CRMLS: 22210530

    $2,330,000

    Price

  • Listing provided courtesy of CRMLS

    Charming one-of-a-kind Four Units, a Combination Spanish style duplex, and a modern duplex behind the gates. Front units are completely renovated and the rest are newly constructed. All units with market value rents are in excellent condition, with plenty of parking, a combination of garages, carports, and open parking spaces. The property consists of (2) 2 beds and 2 baths, (1) 4 beds 2 baths, (1) 3 beds, and 2 baths. Open layouts, with large kitchen and islands. Centrally located to public transportation and local freeways. Within minutes, USC University, New Banc of California Stadium, Crypto.com Arena, and DTLA live. This is a great investment opportunity for the most demanding buyers in today's market... call me for more details.

  • July, 2022

  • Jul 20, 2022

    Date

    Leased

    CRMLS: 22178005

    $3,500

    Price

  • Jul 12, 2022

    Date

    Active

    CRMLS: 22178005

    $2,900

    Price

  • Listing provided courtesy of CRMLS

    FOR LEASE...New Construction two stories 3 bedrooms / 2 baths, with one bedroom downstairs..Must SEE...New Roof, Plumbing, Electrical, floors, completely updated kitchen with new appliances, cabinets, and granite counters, washer and dryer hookups inside the unit, 2 parking spaces, carport, and open space ...No garage...The property is centrally located to public transportation within minutes to USC University, the newly built Banc of California Stadium, and the Coliseum. Conveniently located with a short drive to crypto.com arena, LA Live and Downtown LA...AVAILABLE NOW ...This unit can also be leased as a 4 bedrooms 2-baths for $3,500 per month with additional parking space., the additional bedroom has a separate exit for privacy purposes if required...MUST SEE TO APPRECIATE...CALL THE LISTING AGENT FOR AN APPOINTMENT.

  • May, 2022

  • May 31, 2022

    Date

    Leased

    CRMLS: 22149549

    $2,800

    Price

  • Apr 25, 2022

    Date

    Active

    CRMLS: 22149549

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    FOR LEASE...New Construction 3 bedrooms / 2 baths second-floor unit...Must SEE...New Roof, Plumbing, Electrical, floors, completely updated kitchen with new appliances, cabinets, and granite counters, washer and dryer hookups inside the unit, and 2 parking spaces tandem ...No garage...The property is centrally located to public transportation within minutes to USC University, the newly built Banc of California Stadium, and the Coliseum. Conveniently located with a short drive to LA Live and Downtown LA...Available NOW

  • May, 2022

  • May 7, 2022

    Date

    Expired

    CRMLS: 21791946

    $1,990,000

    Price

  • Oct 5, 2021

    Date

    Active

    CRMLS: 21791946

    $2,150,000

    Price

  • Listing provided courtesy of CRMLS

    Price modified with the best Cap Rate in the Area...Exceptional Fourplex Near La Coliseum, Banc Of California Stadium, Exposition Park, And USC University. The Property features Four units. The front units each consist of two bedrooms and 1.5 baths, each with an open layout and four open parking spaces. Unit Three is two stories with three bedrooms, two baths, and a bonus room with a private entrance, exceptional kitchen with an island. Unit four has three bedrooms, two baths, an open layout with a large kitchen, and an island. It also features two-car garages and three-vehicle carports with plenty of extra parking space. Two of the units can be delivered vacant. This is a must-see property.

  • March, 2019

  • Mar 26, 2019

    Date

    Leased

    CRMLS: 19433882

    $2,190

    Price

  • Mar 22, 2019

    Date

    Pending

    CRMLS: 19433882

    $2,190

    Price

  • Mar 4, 2019

    Date

    Price Change

    CRMLS: 19433882

    $2,190

    Price

  • Feb 13, 2019

    Date

    Active

    CRMLS: 19433882

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    FOR LEASE...Completely renovated 2 bedrooms / 1.5 baths unit...Must SEE...New Roof, Plumbing, Electrical, floors, completely updated kitchen with new appliances, cabinets, and granite counters, all bedrooms with its own wall AC units, washer and dryer hookups inside the unit, and 2 parking spaces at the front ...No garage...Property is centrally located to public transportation within minutes to USC University, newly built Banc of California Stadium, and Coliseum. Conveniently located with a short drive to LA Live and Downtown LA...very easy to show.

  • April, 2018

  • Apr 4, 2018

    Date

    Sold

    CRMLS: 17256782

    $680,000

    Price

  • Mar 19, 2018

    Date

    Pending

    CRMLS: 17256782

    $699,000

    Price

  • Mar 7, 2018

    Date

    Active

    CRMLS: 17256782

    $699,000

    Price

  • Feb 28, 2018

    Date

    Withdrawn

    CRMLS: 17256782

    $699,000

    Price

  • Nov 14, 2017

    Date

    Price Change

    CRMLS: 17256782

    $699,000

    Price

  • Sep 14, 2017

    Date

    Withdrawn

    CRMLS: 17256782

    $626,000

    Price

  • Aug 1, 2017

    Date

    Active

    CRMLS: 17256782

    $626,000

    Price

  • Listing provided courtesy of CRMLS

    INVESTOR/DEVELOPER DREAM!! 3 Unit investment opportunity minutes from USC, shopping, and freeways. ALL units currently vacant allowing for owner/user occupancy. Built in 1924 on a large 8423 square foot lot this three unit mix consists of a front side by side duplex; each unit with 2 bedrooms and 1 bathroom. One front unit has been updated with new carpet and paint (the other front unit was rented until recently). Third unit is a back unit with 1 bedroom and one bath and has been updated.Property features updated windows, individual water heater, four separate garage parking spaces with more onsite parking.Each unit is separately metered for gas and electricity. Property is located in prime area close to USC, shopping, dining, parks and freeways. Perfect property to rent out or build from scratch on RD-2 ZONING. (Buyer to verify square footage and zoning with city.)

  • March, 2018

  • Mar 27, 2018

    Date

    Sold (Public Records)

    Public Records

    $680,000

    Price

  • June, 2017

  • Jun 10, 2017

    Date

    Canceled

    CRMLS: 17202526

    $599,000

    Price

  • May 30, 2017

    Date

    Active

    CRMLS: 17202526

    $599,000

    Price

  • May 12, 2017

    Date

    Active Under Contract

    CRMLS: 17202526

    $599,000

    Price

  • Mar 31, 2017

    Date

    Price Change

    CRMLS: 17202526

    $599,000

    Price

  • Feb 17, 2017

    Date

    Active

    CRMLS: 17202526

    $613,000

    Price

  • Listing provided courtesy of CRMLS

    Presenting this 3 unit investment opportunity close to USC! One unit is currently vacant allowing for owner/user occupancy. Built in 1924 on a large 8423 square foot lot this three unit mix consists of a front side by side duplex each unit with 2 bedrooms and 1 bath and a back unit with one bedroom and 1 bathroom. Property features updated windows, individual water heaters, four separate garage parking spaces with more on site parking. Each unit is separately metered for gas and electricity. Property is located minutes from USC, shopping, dining, parks and schools.

  • January, 2014

  • Jan 28, 2014

    Date

    Price Change

    CRMLS: 14732509

    $399,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer for sale this three (3) unit investment opportunity. The subject property was constructed of wood frame and stucco on a raised foundation in 1924 on a 8,423 square foot lot. The unit mix consists of one (1) 1+1 & two (2) 2+1. Currently there is a vacant 2+1 unit, which allows for an owner-user opportunity. The property boasts updated windows, four (4) single-car garage parking spaces, including additional on-site open parking, individual water heaters in each unit, and all units are separately metered for gas & electric.The subject property is located just west of south Figueroa Street and east of S. Hoover Street, in between W. Vernon Avenue and W. Slauson Avenue. The property is located just a block away from 52nd St. Elementary School a couple of blocks away from Julian Dixon Park.

  • December, 2004

  • Dec 16, 2004

    Date

    Sold (Public Records)

    Public Records

    $255,000

    Price

Show More

Tax History for 603 W 47Th St

Assessed Value (2020): $707,472
Year Land Value Improved Value Assessed Value
2020 $499,392 $208,080 $707,472

Home Value Compared to the Market

This property vs the competition

603 W 47Th St is listed 82.19% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $508.02 per/sqft which puts the price per square foot 34.36% lower than the median price per square foot for the city of Los Angeles.

About 603 W 47Th St

Detailed summary of property

603 W 47Th St is a multi family located in Los Angeles, CA 90037 and is currently for sale. This multi family property offers 24 bedrooms, 20 bathrooms, roughly 4,429 living square feet, and sits on an approximately 8,276 square foot lot. 603 W 47Th St was first listed on ArdentRealEstateGroup.com on February 8, 2024. The homeowner is currently asking $2,250,000 and was originally asking $2,300,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 82.19% higher than the median priced home. Local competing homes currently for sale include 3105 S Walton Ave, 3023 S Budlong Ave and 2927 S Catalina St. While the average home in Los Angeles, CA is selling in 94 days, 603 W 47Th St has a days on market of 76 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 603 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 603 W 47Th St

Public county record property details
Beds
4
Baths
3
Year built
1924
Sq. Ft.
2,315
Lot Size
8,423
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
83,84
APN
5018-029-021

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.
$560
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
31
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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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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