961 W 47th St
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961 W 47th St
4 Unit Apartment Building $1,299,000 ($324,750/Unit) Los Angeles, CA 90037
Investment Highlights
- Recent renovations
- Vacant garage & ADU potential
- Stabilized in place income
- Abundant area amenities
Executive Summary
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 6,700 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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,299,000 | Building Class | C |
| Price Per Unit | $324,750 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,372 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1913/2020 |
| Property Subtype | Apartment | Parking Ratio | 0.89/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,299,000 |
| Price Per Unit | $324,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,372 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1913/2020 |
| Parking Ratio | 0.89/1,000 SF |
Unit Amenities
- Air Conditioning
1 of 1
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 5018-009-022 | Improvements Assessment | $254,689 (2024) |
| Land Assessment | $848,966 (2024) | Total Assessment | $1,103,655 (2024) |
PROPERTY TAXES
Parcel Number
5018-009-022
Land Assessment
$848,966 (2024)
Improvements Assessment
$254,689 (2024)
Total Assessment
$1,103,655 (2024)
zoning
| Zoning Code | LARD3 |
| LARD3 |
-
Brian Mallasch -
Coldwell Banker Commercial Realty
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961 W 47th St
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