1047 E 33rd St

Los Angeles, CA 90011

$1,250,000
Price
11
Beds
8
Baths
4,615 Sq. Ft.
$271 / Sq. Ft.
4,615
Sq. Ft.
$271
per Sq. Ft.
a car parked in front of white house
a view of storage and utility
a utility room with multiple cars parked
an aerial view of a houses with yard
an aerial view of a city
an aerial view of residential houses with outdoor space
a house view with a outdoor space
a house with palm tree in front of it
a view of a car park in front of house
a car parked in front of a house
a kitchen with stainless steel appliances granite countertop white cabinets a stove a sink and a microwave
a bedroom with a bed and a flat tv screen on a dresser
a bedroom with a bed and a table in it
a bathroom with a sink a toilet and shower
a living room with furniture and a flat screen tv
a kitchen with stainless steel appliances a stove a sink dishwasher and a refrigerator
a living room with furniture and a wooden floor
a kitchen with a refrigerator a microwave a sink and cabinets
a bedroom with a bed and a dresser
a bathroom with a sink a toilet and shower
a living room with furniture a flat screen tv and kitchen view
a kitchen with stainless steel appliances granite countertop a refrigerator a stove a sink and dishwasher
a living room with furniture and wooden floor
a bathroom with a sink toilet and shower

Description

We are pleased to present 1047 E 33rd Street, an 8-unit apartment building located just south of Downtown Los Angeles. The property features two brand-new ADUs and six on-site parking spaces, offering investors a rare combination of modern upgrades and reliable tenant demand in a dense infill location. Priced at just $156,250 per unit and $270 per square foot, the building delivers immediate income at a 6.55% in-place cap rate and 8.67 GRM, with pro forma rents supporting a 13.70% cap rate and 5.25...We are pleased to present 1047 E 33rd Street, an 8-unit apartment building located just south of Downtown Los Angeles. The property features two brand-new ADUs and six on-site parking spaces, offering investors a rare combination of modern upgrades and reliable tenant demand in a dense infill location. Priced at just $156,250 per unit and $270 per square foot, the building delivers immediate income at a 6.55% in-place cap rate and 8.67 GRM, with pro forma rents supporting a 13.70% cap rate and 5.25 GRM. Several units remain below market, presenting over 40% upside potential through organic turnover or a cash-for-keys program, while the two new ADUs and secure parking provide long-term competitive advantages in tenant retention and investment stability. The mix of singles, one-bedrooms, and two-bedrooms appeals broadly to USC students, young professionals, and families seeking proximity to Downtown employment centers, Exposition Park, and major transit lines. In addition, the property qualifies for 100% bonus depreciation under the One Big Beautiful Bill Act, creating meaningful tax shelter opportunities in the early years of ownership. With its low entry basis, diversified unit mix, and substantial rental upside, 1047 E 33rd Street represents a compelling acquisition opportunity in one of Los Angeles' most resilient rental markets.
  1. Listed by Benjamin Lee • DRE #02123715 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 1047 East 33rd Street

Zoning
LARD2
Parcel Number
5114019010
Total Units
8.0
Living Area
4615
Source Living Area
Developer
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
7253
LISTING UPDATED: 09/30/2025 09:56 AM

Property Details for 1047 East 33rd Street

StatusActive
MLS #25599399
Days on Market92
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.17 AC / 7,253 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Benjamin Lee, DRE #02123715
Add your commute

Building Information for 1047 East 33rd Street

Stories2Residences-Year Built1925Building Size-Lot Size0.17 AC / 7,253 SF

Payment Calculator

$6,857 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,177

Property Taxes

$680

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1047 East 33rd Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Security Features: Carbon Monoxide Detector(s), Card/Code Access, Exterior Security Lights, Fire and Smoke Detection System, Gated, Smoke Detector, Window Bars
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $136,931
  • Net Operating Income: $81,815.00
  • Gross Income: $144,138
  • Cap Rate: 6.55%
  • Gross Rent Multiplier: $8.67
  • Owner Pays: Water
  • Total Annual Expense: 55117
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1665
  • Lot Size Square Feet: 7253
  • Lot Description: Fenced, Exterior Security Lights
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 6
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Air Conditioning
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Alarm System, Built-Ins, Garbage Disposal, Freezer, Dryer, Dishwasher, Hood Fan, Range/Oven, Refrigerator, Washer
  • Laundry: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-30-2025
  • Rent Control: Yes
  • Tenant Pays: Electricity, Trash Collection, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $772.00
  • Unit Actual Rent: $772.00
  • Unit Projected Rent: $772.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,304.00
  • Unit Actual Rent: $1,304.00
  • Unit Projected Rent: $1,304.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $770.00
  • Unit Actual Rent: $770.00
  • Unit Projected Rent: $770.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $854.00
  • Unit Actual Rent: $854.00
  • Unit Projected Rent: $854.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,854.00
  • Unit Actual Rent: $1,854.00
  • Unit Projected Rent: $1,854.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $846.00
  • Unit Actual Rent: $846.00
  • Unit Projected Rent: $846.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,804.00
  • Unit Actual Rent: $2,804.00
  • Unit Projected Rent: $2,804.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,804.00
  • Unit Actual Rent: $2,804.00
  • Unit Projected Rent: $2,804.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $329,916.00
  • Assessed Improvement Percent: 56.0
  • Assessed Land Value: $259,219.00
  • Assessed Land Percent: 44
  • Assessed Total Value: $589,135.00

Property History for 1047 East 33rd Street

DateEvent & SourcePriceAppreciation
Sep 22, 2025

Listed (Active)

CLAW #25599399

$1,250,000—
Sep 22, 2025

Listed (Active)

CRMLS #25599399

$1,250,000—
May 27, 2015

Sold

SDMLS #CV15057165

$500,000—
May 27, 2015

Sold

CLAW #CV15057165MR

$500,000—
May 27, 2015

Sold

CRMLS #CV15057165

$500,000—
May 7, 2015

Sold (Public Record)

Public Record #548770706

$500,000—
Mar 25, 2015

Pending

CRMLS #CV15057165

—
Mar 25, 2015

Pending

CLAW #CV15057165MR

—
Mar 23, 2015

Hold

CRMLS #CV15057165

—
Mar 18, 2015

Listed (Active)

SDMLS #CV15057165

$499,000—
Mar 18, 2015

Listed (Active)

CLAW #CV15057165MR

$499,000—
Mar 18, 2015

Listed (Active)

CRMLS #CV15057165

$499,000—
DateEvent & SourcePrice
09/22/2025

Listed (Active)

CLAW #25599399

$1,250,000
09/22/2025

Listed (Active)

CRMLS #25599399

$1,250,000
05/27/2015

Sold

SDMLS #CV15057165

$500,000
05/27/2015

Sold

CLAW #CV15057165MR

$500,000
05/27/2015

Sold

CRMLS #CV15057165

$500,000
05/07/2015

Sold (Public Record)

Public Record #548770706

$500,000
03/25/2015

Pending

CRMLS #CV15057165

—
03/25/2015

Pending

CLAW #CV15057165MR

—
03/23/2015

Hold

CRMLS #CV15057165

—
03/18/2015

Listed (Active)

SDMLS #CV15057165

$499,000
03/18/2015

Listed (Active)

CLAW #CV15057165MR

$499,000
03/18/2015

Listed (Active)

CRMLS #CV15057165

$499,000

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

Public Records for 1047 East 33rd Street

Taxable ValueLand$264,403Additions$336,514Total$600,917
Tax Record2025$8,164 ($680 / month)
Home Facts
Total Finished SqFt3,215 SqFtAbove Grade Finished SqFt3,215 SqFtLot Size7,251 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningLARD2CountyLOS ANGELESAPN5114-019-010

Schools near 1047 East 33rd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Quincy Jones Elementary School
Public - K to 5
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public - 6 to 8
Nava College Preparatory Academy
Public - 9 to 12
Santee Education Complex
Public - 9 to 12
Rating
School
Distance
Quincy Jones Elementary School
PublicK to 5

Dr. Julian Nava Learning Academies-School Of Business And Technology
Public6 to 8

Nava College Preparatory Academy
Public9 to 12

Santee Education Complex
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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More information about 1047 East 33rd Street, Los Angeles, CA 90011

1047 East 33rd Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on September 22, 2025 by Marcus & Millichap, it's currently listed at $1,250,000. It has been on the market for a total of 92 days and was last sold on May 27, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Quincy Jones Elementary School, Dr. Julian Nava Learning Academies-School Of Business And Technology and Nava College Preparatory Academy. 1047 East 33rd Street is a 11-bed, 8-bath, 4,615 sqft multi-family home built in 1925.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Benjamin Lee, DRE #02123715

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.