856 W 47th Street, Los Angeles, CA 90037
- $1,375,000
- 12
- BD
- 8
- BA
- 4,510
- SqFt
- List Price
- $1,375,000
- Price Change
- ▼ $25,000 1780875819
- Status
- ACTIVE
- MLS#
- 26638301
- Year Built
- 1914
- Bedrooms
- 12
- Bathrooms
- 8
- Living Sq. Ft
- 4,510
- Lot Size
- 7,780
- Acres
- 0.18
- Days on Market
- 199
- Property Type
- Multifamily
- Stories
- Multi Level
Property Description
856 W 47th St | 4-Unit Multifamily in South Los Angeles. Classic 1914 asset renovated in 2025 totaling 4,510 SF on a 7,778 SF LARD2 lot. The property features a desirable (4) 3-bed / 2-bath unit mix averaging approximately 1,106 SF and includes 4 on-site parking spaces. One unit is delivered vacant at close available to lease immediately at full market rent of $3,668 with no RFPA, no inherited lease. Two units are non-rent controlled ADUs, offering full rent reset flexibility at each vacancy. Offered at $1,375,000 ($343,750/unit | $304.88/SF) with an 8.29% in-place cap rate and 9.13 GRM, the property delivers strong current yield with meaningful additional upside as rents align toward market levels in a high-demand South Los Angeles rental corridor.
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Additional Information
- Appliances
- Disposal, Microwave, Dryer
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Attached Structure
- Detached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: Taylor Avakian (taylor@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
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