Seller's Agent in 2025
Ben Lee
Lyon Stahl Investment Real Estate, Inc.
(347) 579-3071
1 in this area
2 Total Sales
1047 E 33rd St Los Angeles, CA 90011
Historic South Central Neighborhood
11
Beds
8
Baths
4,615
Sq Ft
7,253
Sq Ft Lot
Highlights
- Built-In Features
- Card or Code Access
- Gated Home
- Air Conditioning
- Central Heating
About This Home
As of December 2025We are pleased to present 1047 E 33rd Street, an 8-unit apartment building located just south of Downtown Los Angeles. The property features two brand-new ADUs and six on-site parking spaces, offering investors a rare combination of modern upgrades and reliable tenant demand in a dense infill location. Priced at just $156,250 per unit and $270 per square foot, the building delivers immediate income at a 6.55% in-place cap rate and 8.67 GRM, with pro forma rents supporting a 13.70% cap rate and 5.25 GRM. Several units remain below market, presenting over 40% upside potential through organic turnover or a cash-for-keys program, while the two new ADUs and secure parking provide long-term competitive advantages in tenant retention and investment stability. The mix of singles, one-bedrooms, and two-bedrooms appeals broadly to USC students, young professionals, and families seeking proximity to Downtown employment centers, Exposition Park, and major transit lines. In addition, the property qualifies for 100% bonus depreciation under the One Big Beautiful Bill Act, creating meaningful tax shelter opportunities in the early years of ownership. With its low entry basis, diversified unit mix, and substantial rental upside, 1047 E 33rd Street represents a compelling acquisition opportunity in one of Los Angeles' most resilient rental markets.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02123715 Listed on: 09/22/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 7,253 Sq Ft Lot
- Gated Home
Interior Spaces
- 4,615 Sq Ft Home
- 2-Story Property
- Built-In Features
Kitchen
- Oven or Range
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 11 Bedrooms
- 8 Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Window Bars
- Security Lights
- Alarm System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Parking
- 6 Parking Spaces
- Driveway
Utilities
- Air Conditioning
- Central Heating
Listing and Financial Details
- Tenant pays for electricity, trash collection, gas
- The owner pays for water
- Assessor Parcel Number 5114-019-010
Community Details
Overview
- 2 Buildings
- 8 Units
Additional Features
- Rent Control
- Card or Code Access
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/23/2025 12/23/25 | Sold | $1,150,000 | -8.0% | $249 / Sq Ft | |
| 09/22/2025 09/22/25 | For Sale | $1,250,000 | +150.0% | $271 / Sq Ft | |
| 05/27/2015 05/27/15 | Sold | $500,000 | +0.2% | $156 / Sq Ft | View Prior Sale |
| 03/25/2015 03/25/15 | Pending | -- | -- | -- | |
| 03/18/2015 03/18/15 | For Sale | $499,000 | -- | $155 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,031 | $600,917 | $264,403 | $336,514 |
| 2024 | $8,031 | $589,135 | $259,219 | $329,916 |
| 2023 | $7,890 | $577,585 | $254,137 | $323,448 |
| 2022 | $7,555 | $566,260 | $249,154 | $317,106 |
| 2021 | $7,455 | $555,158 | $244,269 | $310,889 |
| 2019 | $7,252 | $538,694 | $237,025 | $301,669 |
| 2018 | $7,114 | $528,132 | $232,378 | $295,754 |
| 2016 | $6,749 | $507,625 | $223,355 | $284,270 |
| 2015 | $1,708 | $84,611 | $35,169 | $49,442 |
| 2014 | $1,748 | $82,955 | $34,481 | $48,474 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Lee
-
Zachary Rosen
Buyer's Agent in 2025
Zachary Rosen
Maher Commercial Realty
(323) 305-4374
1 in this area
4 Total Sales
-
Dan McGirr
Seller's Agent in 2015
Dan McGirr
CENTERPOINTE REALTY
(626) 664-5959
34 Total Sales
-
Martin Muoto
Buyer's Agent in 2015
Martin Muoto
Martin Muoto
(415) 271-0705
Map
Source: The MLS
MLS Number: 25599399
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Nearby Homes
- 1208 E 34th St
- 1023 E 28th St
- 834 E 33rd St
- 917 E 40th Place
- 5307 5307 1/2 Compton Ave
- 1210 1212 42 Place
- 133 - 135 E 54th St
- 3833 - 3835 Woodlawn
- 879 E 40th Place
- 4014 Mckinley Ave
- 1220 E 40th Place
- 788 E 40th Place
- 623 E 36th St
- 800 E 27th St
- 4159 S Central Ave
- 917 E 42nd St
- 901 E 42nd St
- 1325 E Adams Blvd
- 847 E 25th St
- 2411 Griffith Ave
Your Personal Tour Guide
Ask me questions while you tour the home.