Los Angeles, CA 90037,816 W 47th ST
Los Angeles, CA 90037,816 W 47th ST
Los Angeles, CA 90037,816 W 47th ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,100,000
Est. payment /mo
8,533 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25105253

HOA Y/N No

Year Built 2020

Lot Size 8,533 Sqft

Property Sub-Type Quadruplex

Property Description

816 W 47th Street presents a rare opportunity to acquire a 2020 construction 4-unit property in a high-demand pocket of South Los Angeles, just minutes from USC and Downtown LA. With no rent control, modern construction, and minimal maintenance requirements, this asset is well-positioned for both seasoned investors and 1031 exchange buyers seeking long-term stability with built-in upside. The property consists of two separate buildings and offers an ideal unit mix of four 4-bedroom/3-bath units, totaling 6,446 rentable square feet on an 8,534 SF lot.
Current operations yield a 4.94% in-place CAP rate and 13.57 GRM, with approximately 24% rental upside. At market rents, the asset is projected to deliver a 6.67% CAP and a 10.94 GRM, making it a strong performer in today's market. Additional features include eight outdoor parking spaces—providing ample tenant convenience—and a layout that supports both family-oriented and co-living rental strategies.
Ideally located near major transit corridors, freeways, and employment hubs, 816 W 47th Street offers direct access to the 110 Freeway, Metro lines, and the broader Downtown LA area. With excellent unit sizes, strong in-place income, and non-rent-controlled flexibility, this property stands out as a premier investment in a rapidly evolving urban corridor.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD2

Interior

Heating Central

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Pool None

Community Features Biking

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5018011054

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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CRMLS – RECore
Listed by Brett Lyon Lyon Stahl Investment Real Estate, Inc. 3107801899

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