816 W 47th St Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated payment $14,941/month
Total Views
4,494
16
Beds
12
Baths
6,446
Sq Ft
$357
Price per Sq Ft
Highlights
- Laundry Room
- Bike Trail
- 2-minute walk to Julian C. Dixon Park
- Central Heating
- 1-Story Property
About This Home
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 4.40% in-place CAP rate and 14.86 GRM, with approximately 24% rental upside. At market rents, the asset is projected to deliver a 5.97% CAP and a 11.98 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.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3107801899 License #01717818 Listed on: 05/12/2025
Co-Listing Agent
Lyon Stahl Investment Real Est Brokerage Phone: 3107801899 License #01399621
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,170
Year Built
- Built in 2020
Lot Details
- 8,534 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
Interior Spaces
- 6,446 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 12 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
Utilities
- Central Heating
Listing and Financial Details
- Tax Lot 38
- Tax Tract Number 1
- Assessor Parcel Number 5018011054
- $802 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 4 Units
Recreation
- Bike Trail
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $9,669
- Maintenance Expense $6,192
- Other Expense $3,400
- New Taxes Expense $29,582
- Operating Expense $48,843
- Gross Income $154,800
- Net Operating Income $100,113
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 | $28,170 | $2,327,227 | $920,066 | $1,407,161 |
| 2024 | $28,170 | $2,281,596 | $902,026 | $1,379,570 |
| 2023 | $27,631 | $2,236,860 | $884,340 | $1,352,520 |
| 2022 | $26,120 | $2,193,000 | $867,000 | $1,326,000 |
| 2021 | $8,729 | $707,251 | $535,187 | $172,064 |
| 2020 | $8,815 | $700,000 | $529,700 | $170,300 |
| 2019 | $6,367 | $506,940 | $306,000 | $200,940 |
| 2018 | $1,693 | $122,961 | $35,440 | $87,521 |
| 2017 | $1,661 | $120,551 | $34,746 | $85,805 |
| 2016 | $1,594 | $118,188 | $34,065 | $84,123 |
| 2015 | $1,574 | $116,414 | $33,554 | $82,860 |
| 2014 | $1,590 | $114,134 | $32,897 | $81,237 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | Price Changed | $2,300,000 | -4.2% | $357 / Sq Ft |
| 05/12/2025 05/12/25 | For Sale | $2,400,000 | +382.9% | $372 / Sq Ft |
| 05/10/2018 05/10/18 | Sold | $497,000 | 0.0% | $202 / Sq Ft |
| 04/25/2018 04/25/18 | Pending | -- | -- | -- |
| 04/23/2018 04/23/18 | Off Market | $497,000 | -- | -- |
| 04/19/2018 04/19/18 | For Sale | $455,000 | -8.5% | $185 / Sq Ft |
| 04/18/2018 04/18/18 | Off Market | $497,000 | -- | -- |
| 04/11/2018 04/11/18 | For Sale | $455,000 | -- | $185 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Grant Deed | $2,150,000 | Chicago Title | |
| Grant Deed | $700,000 | Chicago Title | |
| Grant Deed | $497,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | Ticor Title Co Of California | |
| Interfamily Deed Transfer | -- | Multiple | |
| Quit Claim Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $425,000 | New Conventional | |
| Previous Owner | $199,000 | New Conventional | |
| Previous Owner | $1,120,000 | Commercial | |
| Previous Owner | $231,500 | Negative Amortization | |
| Previous Owner | $220,000 | Fannie Mae Freddie Mac |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25105253
APN: 5018-011-054
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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