961 West 47th Street

Los Angeles, CA 90037

$1,400,000
Price
8
Beds
4
Baths
2,772 Sq. Ft.
$505 / Sq. Ft.
2,772
Sq. Ft.
$505
per Sq. Ft.

Description

Fantastic Investment Opportunity! This charming and well-maintained fourplex offers four units, each featuring 2 bedrooms and 1 bathroom. Recent upgrades include renovated kitchens and bathrooms in each unit. With close to 2,800 sq. ft. of living space on an over 6,600 sq. ft. lot, this property presents a lucrative investment potential. Zoned LARD3, the property also had previous permits for an ADU that have now expired, allowing for an additional 2 bed/1 bath unit to further increase income potential....Fantastic Investment Opportunity! This charming and well-maintained fourplex offers four units, each featuring 2 bedrooms and 1 bathroom. Recent upgrades include renovated kitchens and bathrooms in each unit. With close to 2,800 sq. ft. of living space on an over 6,600 sq. ft. lot, this property presents a lucrative investment potential. Zoned LARD3, the property also had previous permits for an ADU that have now expired, allowing for an additional 2 bed/1 bath unit to further increase income potential. Garage will be vacant upon closing. Conveniently located near the 110 Freeway, Downtown LA, Staples Center, LA Live, USC, museums, parks, and major restaurants, this property is an excellent investment opportunity. The property will be delivered with tenants in place, ensuring immediate rental income. Tenants are not aware of the sale, so please do not disturb them.
  1. Listed by Michael Massa • DRE #02082631 • Brokerage DRE #00605703 • Coldwell Banker Realty • 310-779-9007
  2. Listed by Brian Mallasch • DRE #01748272 • Brokerage DRE #00616212 • Coldwell Banker Realty

Property Details for 961 West 47th Street

View
Neighborhood
Parking Spaces Total
3
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2772

Location

Listing Courtesy of Coldwell Banker Realty, Michael Massa, DRE #02082631; Coldwell Banker Realty, Brian Mallasch, DRE #01748272
Add your commute
LISTING UPDATED: 05/21/2024 07:07 AM

Property Details for 961 West 47th Street

StatusActive
MLS #SR24086410
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Michael Massa, DRE #02082631; Coldwell Banker Realty, Brian Mallasch, DRE #01748272
Add your commute

Building Information for 961 West 47th Street

Building/Complex961 W 47th StFloor-Stories2Residences-Pet Policy-Year Built1913Building Size-

Payment Calculator

$8,805 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

$1,165

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 961 West 47th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $88,500
  • Gross Scheduled Income: $88,500
  • Gross Operating Income: $88,500
  • Net Operating Income: $64,534
Expense Details
  • Operating Expense: $23,966
  • New Taxes Expense: $17,500
  • Fuel Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $6,466
  • Total Expenses: $23,965
Tax / Assessment Info
  • Tax Tract Number: 5018
  • Tax Census Tract: 2321.10
  • CFD/Mello-Roos Fee: $499
  • Tax Lot: 70
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Room Type: See Remarks
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 6
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Laundry Utilities: Electric, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: Central Air
  • Virtual Tour URL Unbranded: https://tours.previewfirst.com/ml/142188
Exterior Features
  • Entry Location: 1/2
  • Structure Type: Quadruplex
  • Miscellaneous: Storm Drains, Suburban
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Lawn
  • Lease Considered: No
  • Direction Faces: South
  • Number Of Units: 4
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Attached Garage: Yes
Property / Structure Info
  • Residential Styles: All Other Attached
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,150
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 961 West 47th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 961 West 47th Street

Taxable ValueLand$728,280Additions$395,352Total$1,123,632
Tax Record2023$13,976 ($1,165 / month)
Home Facts
Total Finished SqFt2,772 SqFtAbove Grade Finished SqFt2,772 SqFtLot Size6,683 SqFtStyleQuadraplexYear Built1913ZoningLARD3CountyLOS ANGELESAPN5018-009-022

Schools near 961 West 47th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - K to 5
Public - 6 to 9
Public - 9 to 12
Rating
School
Distance
Dr. James Edward Jones Primary Center
PublicK to 2

Marguerite Poindexter Lamotte Elementary
PublicK to 5

Barack Obama Global Preparation Academy
Public6 to 9

Manual Arts Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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961 West 47th Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on April 1, 2024 by Coldwell Banker Realty, it's currently listed at $1,400,000. It has been on the market for a total of 22 days and was last sold on August 10, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Dr. James Edward Jones Primary Center, Marguerite Poindexter Lamotte Elementary and Barack Obama Global Preparation Academy. 961 West 47th Street is a 8-bed, 4-bath, 2,772 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Michael Massa, DRE #02082631; Coldwell Banker Realty, Brian Mallasch, DRE #01748272

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.