961 W 47th St Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated payment $7,710/month
Total Views
16,232
8
Beds
4
Baths
2,772
Sq Ft
$433
Price per Sq Ft
About This Home
Located in the heart of South Los Angeles, this investment property has a strong upside potential in a neighborhood that’s actively transitioning and showing signs of revitalization. This four-unit property includes two income-producing units and two vacant units, offering flexibility for owner-occupied or investors ready to capitalize on rental demand. The area is seeing increased investment and development activity, making it an up-and-coming community with growing appeal.
Positioned just 1.5 miles from the new Lucas Museum of Narrative Art (Star Wars Museum), 1.2 miles from the Natural History Museum, and just over a mile from the California Science Center and Children’s Science Center, this property sits at the intersection of culture, education, and innovation. It’s also only 1.3 miles from USC, making it an ideal opportunity for parents looking to avoid high dormitory costs by investing in housing for their student. Instead of paying rent, your child can live in one of the units while the others generate rental income—turning an expense into a wealth-building strategy.
Adding even more value, the detached 3-car garage has excellent potential for conversion into an Accessory Dwelling Unit (ADU), which could provide additional income and boost overall property value. Just 1.4 miles from BMO Stadium, home of LAFC, this property is perfectly positioned to benefit from the continued transformation of South LA. With cultural landmarks, major institutions, and infrastructure upgrades nearby, this s a rare opportunity to invest in a rising neighborhood while enjoying immediate and future gains.
Seller motivated to entertain the best and highest offers. PRICE TO SELL.
Listing Agent
Rodeo Realty Brokerage Phone: 818-633-1077 License #01127356 Listed on: 03/31/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,736
Year Built
- Built in 1913
Lot Details
- 6,683 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
- Parking Available
- Garage Door Opener
Home Design
- Quadruplex
Interior Spaces
- 2,772 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Listing and Financial Details
- Tax Lot 70
- Tax Tract Number 5018
- Assessor Parcel Number 5018009022
- $499 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 4 Units
Recreation
- Park
Building Details
- 2 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,500
- Other Expense $13,736
- Water Sewer Expense $7,200
- Operating Expense $9,700
- Net Operating Income $75,000
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 | $13,736 | $1,125,727 | $865,945 | $259,782 |
| 2024 | $13,736 | $1,103,655 | $848,966 | $254,689 |
| 2023 | $13,976 | $1,123,632 | $728,280 | $395,352 |
| 2022 | $12,861 | $1,060,800 | $816,000 | $244,800 |
| 2021 | $12,695 | $1,040,000 | $800,000 | $240,000 |
| 2020 | $6,650 | $514,998 | $416,160 | $98,838 |
| 2019 | $6,399 | $504,900 | $408,000 | $96,900 |
| 2018 | $5,338 | $414,782 | $290,887 | $123,895 |
| 2017 | $841 | $38,807 | $21,724 | $17,083 |
| 2016 | $789 | $38,048 | $21,299 | $16,749 |
| 2015 | $783 | $37,478 | $20,980 | $16,498 |
| 2014 | $816 | $36,745 | $20,570 | $16,175 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Price Changed | $1,199,000 | -2.4% | $433 / Sq Ft |
| 05/23/2025 05/23/25 | Price Changed | $1,228,520 | -1.7% | $443 / Sq Ft |
| 05/11/2025 05/11/25 | For Sale | $1,250,000 | +4.3% | $451 / Sq Ft |
| 04/14/2025 04/14/25 | Off Market | $1,199,000 | -- | -- |
| 03/31/2025 03/31/25 | For Sale | $1,199,000 | +15.3% | $433 / Sq Ft |
| 08/13/2020 08/13/20 | Sold | $1,040,000 | +10.6% | $375 / Sq Ft |
| 07/17/2020 07/17/20 | Pending | -- | -- | -- |
| 06/25/2020 06/25/20 | For Sale | $940,000 | +89.9% | $339 / Sq Ft |
| 04/20/2018 04/20/18 | Sold | $495,000 | 0.0% | $179 / Sq Ft |
| 01/12/2018 01/12/18 | Pending | -- | -- | -- |
| 11/27/2017 11/27/17 | For Sale | $495,000 | -- | $179 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | $1,040,000 | Chicago Title Company | |
| Grant Deed | -- | None Available | |
| Grant Deed | $495,000 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $780,000 | New Conventional | |
| Previous Owner | $371,000 | New Conventional |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25070265
APN: 5018-009-022
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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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