
605 W 47th St Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated payment $11,143/month
Highlights
- Newly Remodeled
- Quartz Countertops
- Double Pane Windows
- Contemporary Architecture
- 2 Car Direct Access Garage
- 4-minute walk to Julian C. Dixon Park
About This Home
Turnkey Income Property | Fully Renovated Fourplex | Prime LA LocationIncredible opportunity to own a beautifully reimagined four-unit luxury residence just minutes from the LA Coliseum, USC, and Expo Park. Perfect for 1031 exchange buyers and savvy investors, this fully renovated property offers immediate cash flow, long-term upside, and timeless curb appeal in one of LA's most rapidly appreciating neighborhoods. Expertly restored by a seasoned contractor, each unit showcases modern, high-end finishes while preserving the classic charm of LA architecture. Highlights include stainless steel appliances, quartz countertops, in-unit laundry, wall A/C units, designer fixtures, and updated flooring throughout. The property is tenant-occupied and income-producing, ideal for buyers seeking a low-maintenance, stabilized asset with strong market rents. Gated for privacy and thoughtfully laid out to maximize comfort and functionality, these four units check all the boxes for long-term performance. Strategically located near major employment centers, cultural destinations, public transit, and future development zones, this is a rare chance to secure a premium income-generating property in a high-demand rental market. Shown by appointment only...please do not disturb tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,484
Year Built
- Built in 1924 | Newly Remodeled
Lot Details
- 8,276 Sq Ft Lot
- Gated Home
Parking
- 2 Car Direct Access Garage
- 8 Open Parking Spaces
- 1 Carport Space
- Auto Driveway Gate
- Driveway
- Assigned Parking
Home Design
- Contemporary Architecture
- Flat Tile Roof
Interior Spaces
- 4,278 Sq Ft Home
- 2-Story Property
- Built-In Features
- Double Pane Windows
- Laminate Flooring
- Quartz Countertops
- Laundry in unit
Bedrooms and Bathrooms
- 11 Bedrooms
- 8 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
- Property is located within a water district
- Tankless Water Heater
- Gas Water Heater
- Sewer in Street
Listing and Financial Details
- The owner pays for water
- Assessor Parcel Number 5018-029-028
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Rent Control
Map
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 | $9,484 | $773,107 | $545,544 | $227,563 |
2024 | $9,484 | $757,949 | $534,848 | $223,101 |
2023 | $9,342 | $743,088 | $524,361 | $218,727 |
2022 | $8,854 | $728,519 | $514,080 | $214,439 |
2021 | $8,811 | $714,800 | $504,565 | $210,235 |
2020 | $8,898 | $707,472 | $499,392 | $208,080 |
2019 | $8,553 | $693,600 | $489,600 | $204,000 |
2018 | $6,464 | $510,836 | $354,776 | $156,060 |
2016 | $3,898 | $300,250 | $235,493 | $64,757 |
2015 | $3,845 | $295,741 | $231,956 | $63,785 |
2014 | $3,880 | $289,949 | $227,413 | $62,536 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/24/2025 07/24/25 | Price Changed | $1,900,000 | +11.8% | $444 / Sq Ft |
07/01/2025 07/01/25 | For Sale | $1,699,000 | 0.0% | $397 / Sq Ft |
12/16/2024 12/16/24 | Rented | $2,500 | 0.0% | -- |
12/02/2024 12/02/24 | For Rent | $2,500 | -- | -- |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Grant Deed | $680,000 | Corinthian Title Company | |
Quit Claim Deed | -- | None Available | |
Interfamily Deed Transfer | -- | -- | |
Grant Deed | $255,000 | Security Union Title | |
Interfamily Deed Transfer | -- | -- | |
Interfamily Deed Transfer | -- | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $1,196,000 | New Conventional | |
Closed | $668,000 | New Conventional | |
Closed | $544,000 | New Conventional | |
Previous Owner | $250,000 | Credit Line Revolving |
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Source: The MLS
MLS Number: 25559443

APN: 5018-029-028
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