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30811236
30811245

961 W 47th Street, Los Angeles, CA 90037

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Rodeo Realty
Listed by Rodeo Realty
$1,099,000
139 days on market
Updated 0 days ago

961 W 47th Street

Details
APN 5018009022
Property Type Multifamily
Sub Type Apartment Building
Units 4
Buildings 3
Stories 2
Acreage 0.153
Zoning Assessor

Multifamily | 4 Units

Marketing description

Located in the heart of South Los Angeles, this investment property has a strong upside potential in a neighborhood thats actively transitioning and showing signs of revitalization. This four-unit property includes one income-producing unit and three vacant units, offering flexibility for owner-occupied or investors ready to capitalize on rental demand. The area is seeing increased investment and development activity, making it an up-and-coming community with growing appeal. Positioned just 1.5 miles from the new Lucas Museum of Narrative Art (Star Wars Museum), 1.2 miles from the Natural History Museum, and just over a mile from the California Science Center and Childrens Science Center, this property sits at the intersection of culture, education, and innovation. Its also only 1.3 miles from USC, making it an ideal opportunity for parents looking to avoid high dormitory costs by investing in housing for their student. Instead of paying rent, your child can live in one of the units while the others generate rental incometurning an expense into a wealth-building strategy. Adding even more value, the detached 3-car garage completely remodeled has excellent potential for conversion into an Accessory Dwelling Unit (ADU), which could provide additional income and boost overall property value. ($2,500 -$3,500/month rent potential, that's $30K -$40K/ year upside Property delivered with 3 vacant + 1 occupied (as-is) + . Just 1.4 miles from BMO Stadium, home of LAFC, this property is perfectly positioned to benefit from the continued transformation of South LA. With cultural landma
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Rodeo Realty
Listed by Rodeo Realty

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