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

$699,000
  • 6 Beds
  • 5 Baths
  • 2,803 Sq.Ft.
For Sale
$699,000 Get Pre-Qualified
Map preview of 965 W 47Th St, Los Angeles, CA 90037

Property Overview: 965 W 47Th St Los Angeles, CA has 6 bedrooms, 5 bathrooms, 2,803 living square feet and 6,682 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: Global Platinum Properties is thrilled to present an irresistible investment gem nestled in the vibrant heart of Los Angelesa lucrative FOUR UNIT residential property that promises huge upside in rents and ADU addition! This remarkable opportunity spans three distinct buildings, offering a generous 2,802 square feet of living space on a sprawling 6,682 square foot lot zoned RD-3, TOC (Tier 3). Picture the potential as you explore the alley access leading to garages, perfectly suited for creative ADU conversions that can significantly boost your income stream. Each unit is individually metered for gas and electricityideal for attracting quality tenants who value convenience. Just imagine being steps away from top-rated schools and seamless public transportation options while finding yourself only minutes from iconic landmarks like Exposition Park, Downtown Los Angeles, and USC. The combination of prime location and endless possibilities makes this property a golden opportunity waiting to be seized!

Listed by Armin Soleimani | BRE #01846872 | Global Platinum Properties, Inc.
Co-listed by Julio Ruiz | BRE #01911261 | Global Platinum Properties, Inc.
Last checked: 2 minutes ago | Last updated: August 23rd, 2024 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft
6,682
HOA Dues
$0/mo
Year built
1907
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24417487
City
Los Angeles
County
Los Angeles
Time on Site
58 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,075
  • Total Rent: $1,075
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $520
  • Total Rent: $520
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $520
  • Total Rent: $520
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,404
  • Total Rent: $1,404
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.7%
  • Gross Rent Multiplier: 16.55
  • Gross Scheduled Income: --
  • Net Operating Income: $25,861
  • Gross Operating Income: $42,228
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 965 W 47Th St

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Property Details for 965 W 47Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5018009021
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Travel South on Vermont from Vernon. Turn East (left) onto 47th St. Property will be on the left.
View more facts & features

Local Los Angeles Agent

Sale History for 965 W 47Th St

Last sold for $465,000 on May 16th, 2019

  • July, 2024

  • Jul 19, 2024

    Date

    Active

    CRMLS: 24417487

    $699,000

    Price

  • September, 2022

  • Sep 28, 2022

    Date

    Canceled

    CRMLS: 22130657

    $895,000

    Price

  • Feb 23, 2022

    Date

    Active

    CRMLS: 22130657

    $895,000

    Price

  • Listing provided courtesy of CRMLS

    ATTENTION FHA BUYERS & OWNER USERS. 1 unit can be delivered vacant! Amazing opportunity to own this cash-producing FOUR UNIT residential property in the heart of Los Angeles. The offering consists of 3 separate buildings totaling 2,802 square feet. The said improvements sit on a 6,682 square foot lot. The said lot is zoned RD-3, TOC (Tier 3) lot. There is alley access from the rear to the garages that can be converted into ADU's. All units are separately metered for gas and electricity. The property is within walking distance of schools and public transit. Minutes to exposition Park, Downtown Los Angeles, and USC.

  • May, 2019

  • May 16, 2019

    Date

    Sold

    CRMLS: 19448422

    $465,000

    Price

  • Apr 17, 2019

    Date

    Pending

    CRMLS: 19448422

    $500,000

    Price

  • Mar 27, 2019

    Date

    Active

    CRMLS: 19448422

    $500,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to own a fourplex in Los Angeles. The property consists of four units. There is a separate front house with 4 bedrooms/1.5 baths (based on available information) a center unit comprising 2 x studio units, and there is a 1 bedroom/1 bathroom unit over the garage. The property has some fire damage to the rear of the front house. The property is also in REAP, and qualified buyers are required, and should be familiar with REAP. We have not been inside the property, and cannot confirm room counts or each unit, or the interior condition, all information is extrapolated from tax records, and is not confirmed. See documents tab for city citations/notice to comply.

  • May, 2019

  • May 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $465,000

    Price

  • October, 2016

  • Oct 12, 2016

    Date

    Sold (Public Records)

    Public Records

    $482,136

    Price

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Tax History for 965 W 47Th St

Assessed Value (2020): $724,200
Year Land Value Improved Value Assessed Value
2020 $510,000 $214,200 $724,200

Home Value Compared to the Market

This property vs the competition

965 W 47Th St is listed 41.75% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $766 and this home is listed at $249.38 per/sqft which puts the price per square foot 67.44% lower than the median price per square foot for the city of Los Angeles.

About 965 W 47Th St

Detailed summary of property

965 W 47Th St is a multi family located in Los Angeles, CA 90037 and is currently for sale. This multi family property offers 6 bedrooms, 5 bathrooms, roughly 2,803 living square feet, and sits on an approximately 6,682 square foot lot. 965 W 47Th St was first listed on ArdentRealEstateGroup.com on July 19, 2024. The homeowner is currently asking $699,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $766. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 41.75% lower than the median priced home. Local competing homes currently for sale include 1500 W 50th St, 228 W 47th Pl and 227 W 47th St. While the average home in Los Angeles, CA is selling in 104 days, 965 W 47Th St has a days on market of 58 days. There are currently 4084 homes for sale in the Los Angeles real estate market and 2797 of them are single family homes while 1162 of them are condos and 119 are townhomes. For more information on this home for sale at 965 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 965 W 47Th St

Public county record property details
Beds
3
Baths
4
Year built
1907
Sq. Ft.
2,803
Lot Size
6,682
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
69
APN
5018-009-021

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
$688,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
36
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), 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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