About 961 W 47th St
Fantastic Investment Opportunity! This charming and well-maintained fourplex offers four units, each featuring 2 bedrooms and 1 bathroom. Recent upgrades include renovated kitchens and bathrooms in each unit. With close to 2,800 sq. ft. of living space on an over 6,600 sq. ft. lot, this property presents a lucrative investment potential. Zoned LARD3, the property also had previous permits for an ADU that have now expired, allowing for an additional 2 bed/1 bath unit to further increase income potential. Garage will be vacant upon closing. Conveniently located near the 110 Freeway, Downtown LA, Staples Center, LA Live, USC, museums, parks, and major restaurants, this property is an excellent investment opportunity. The property will be delivered with tenants in place, ensuring immediate rental income. Tenants are not aware of the sale, so please do not disturb them.
Features of 961 W 47th St
| MLS® # | SR24086410MR |
|---|---|
| Price | $1,400,000 |
| Units | 4 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Square Footage | 2,772 |
| Acres | 0.15 |
| Year Built | 1913 |
| Type | Residential Income |
| Sub-Type | Fourplex |
| Status | Active |
Community Information
| Address | 961 W 47th St |
|---|---|
| Area | Los Angeles Southwest |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90037 |
Amenities
| Parking Spaces | 3 |
|---|---|
| # of Garages | 3 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
| Has Basement | No |
Additional Information
| Date Listed | April 1st, 2024 |
|---|---|
| Days on Market | 15 |
| Zoning | LARD3 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Gross Operating Income | $88,500 |
| Net Operating Income | $64,534 |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $2,150 |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $2,000 |
Unit 3 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $1,950 |
Unit 4 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $1,400 |
Listing Details
| Agent | Michael Massa (02082631) |
|---|---|
| Office | Coldwell Banker Realty |