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Listed by Brett Dalton Lyon • Lyon Stahl Investment Real Estate, Inc.
$2,400,000
Est. payment /mo
6,446 SqFt
Active
816 West 47th Street Los Angeles, CA 90037
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,446 sqft
Price per Sqft $372
MLS Listing ID SB-25105253
Year Built 2020
Lot Size 8,534 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 4.17% in-place CAP rate and 15.50 GRM, with approximately 24% rental upside. At market rents, the asset is projected to deliver a 5.67% CAP and a 12.50 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 Sw
Zoning LARD2
Interior
Heating Central
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Parking Features Gated
Pool None
Community Features Biking
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer