132 E 47th Place Los Angeles, CA 90011
South Park NeighborhoodEstimated payment $6,014/month
Total Views
1,242
8
Beds
6
Baths
2,818
Sq Ft
$344
Price per Sq Ft
About This Home
Investment Opportunity in Prime South LA! This well-maintained 6-unit property consists of two separate buildings on one lot, offering a solid rental income stream and long-term upside. Each unit is tenant-occupied with strong rents, making this a turnkey asset for savvy investors.
Located in the high-demand 90011 zip code, this property benefits from consistent rental demand and proximity to major freeways, public transportation, Downtown LA, USC, and the upcoming South LA developments.
Whether you're expanding your portfolio or seeking a 1031 exchange opportunity, this is a must-see multi-unit asset in one of LA’s most active rental corridors.
Listing Agent
RE/MAX CHAMPIONS Brokerage Phone: 310-498-7781 License #01878626 Listed on: 07/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,004
Year Built
- Built in 1921
Lot Details
- 5,760 Sq Ft Lot
- Two or More Common Walls
- No Landscaping
Home Design
- Property Attached
Interior Spaces
- 2,818 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Parking
- Parking Available
- Driveway
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 2293
- Assessor Parcel Number 5109003003
Community Details
Overview
- 2 Buildings
- 21 Units
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Trash Expense $800
- Water Sewer Expense $1,500
- Operating Expense $3,500
- Gross Income $86,000
- Net Operating Income $70,000
Map
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Home Values in the Area
Average Home Value in this Area
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 | $9,004 | $689,970 | $257,865 | $432,105 |
| 2024 | $9,004 | $676,442 | $252,809 | $423,633 |
| 2023 | $8,843 | $663,179 | $247,852 | $415,327 |
| 2022 | $8,459 | $650,177 | $242,993 | $407,184 |
| 2021 | $8,351 | $637,429 | $238,229 | $399,200 |
| 2019 | $8,120 | $618,524 | $231,164 | $387,360 |
| 2018 | $8,007 | $606,397 | $226,632 | $379,765 |
| 2016 | $6,598 | $498,000 | $199,200 | $298,800 |
| 2015 | $6,027 | $450,000 | $180,000 | $270,000 |
| 2014 | $5,972 | $432,000 | $180,000 | $252,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | For Sale | $968,000 | 0.0% | $344 / Sq Ft |
| 08/12/2025 08/12/25 | Off Market | $968,000 | -- | -- |
| 07/08/2025 07/08/25 | For Sale | $968,000 | -- | $344 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $495,000 | Commerce Title | |
| Grant Deed | -- | Southland Title Corporation | |
| Grant Deed | -- | -- | |
| Quit Claim Deed | $150,000 | Southland Title Corporation | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $470,000 | Commercial | |
| Previous Owner | $325,000 | Commercial | |
| Previous Owner | $240,000 | Commercial | |
| Closed | $25,000 | No Value Available |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG25152205
APN: 5109-003-003
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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