28
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$1,199,000
Est. payment /mo
8 Beds
6,683 Sqft Lot
New
961 W 47th Street Los Angeles, CA 90037
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26012599
Bedrooms 8
Lot Size 6,683 Sqft
Property Sub-Type Res Income 2-4 Units
Property 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 two income-producing units and two 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. 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 landmarks, major institutions, and infrastructure upgrades nearby, this is a rare opportunity to invest in a rising neighborhood while
Location
State CA
County Los Angeles
Zoning Assessor
Direction S of Vernon Ave/ E of Vermont Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5018009022
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Angela Dominguez Rodeo Realty
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