488 East 47th Street

Los Angeles, CA 90011

$785,000
Price
5
Beds
3
Baths
2,473 Sq. Ft.
$317 / Sq. Ft.
2,473
Sq. Ft.
$317
per Sq. Ft.

Description

This is an excellent opportunity to purchase a triplex located in the high rental demand area, just south of Downtown Los Angeles. The location is minutes to Downtown Los Angeles, Staples Center/South Park, USC, Exposition Park, etc. Great opportunity for investment or owner-occupied property.This is an excellent opportunity to purchase a triplex located in the high rental demand area, just south of Downtown Los Angeles. The location is minutes to Downtown Los Angeles, Staples Center/South Park, USC, Exposition Park, etc. Great opportunity for investment or owner-occupied property.
  1. Listed by Moussa Mehdizadeh • DRE #01315713 • Brokerage DRE #01046440 • Andrew C. Lee

Property Details for 488 East 47th Street

Zoning
LAR2
Cross Streets
West of Avalon Blvd.
Parcel Number
5109019021
Total Units
3.0
Living Area
2473
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0

Location

Listing Courtesy of Andrew C. Lee, Moussa Mehdizadeh, DRE #01315713
Add your commute
LISTING UPDATED: 05/25/2024 12:01 AM

Property Details for 488 East 47th Street

StatusActive
MLS #24-393477
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.14 AC / 6,117 SF
CountyLos Angeles County

Location

Listing Courtesy of Andrew C. Lee, Moussa Mehdizadeh, DRE #01315713
Add your commute

Building Information for 488 East 47th Street

Stories-Residences-Year Built1922Building Size-Lot Size0.14 AC / 6,117 SF

Payment Calculator

$4,781 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,284

Property Taxes

$497

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 488 East 47th Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 3
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $3,972
  • Net Operating Income: $33,364.00
  • Gross Income: $3,972
  • Gross Rent Multiplier: $.00
  • Actual Gross Annual Income: $47,664
  • Total Annual Expense: 14300
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1404
  • Lot Size Square Feet: 6117
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-17-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $202,323.00
  • Assessed Improvement Percent: 45.68
  • Assessed Land Value: $240,601.00
  • Assessed Land Percent: 54.32
  • Assessed Total Value: $442,924.00

Property History for 488 East 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 488 East 47th Street

Taxable ValueLand$250,321Additions$210,496Total$460,817
Tax Record2023$5,959 ($497 / month)
Home Facts
Total Finished SqFt2,473 SqFtAbove Grade Finished SqFt2,473 SqFtLot Size6,117 SqFtStyleTriplexYear Built1922ZoningLAR2CountyLOS ANGELESAPN5109-019-021

Schools near 488 East 47th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Forty-Ninth Street Elementary School
PublicK to 5

Thomas Jefferson 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

488 East 47th Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on May 17, 2024 by Andrew C. Lee, it's currently listed at $785,000. It has been on the market for a total of 31 days and was last sold on May 8, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Forty-Ninth Street Elementary School, Alliance College-Ready Middle Academy No. 12 and Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community High. 488 East 47th Street is a 5-bed, 3-bath, 2,473 sqft multi-family home built in 1922.

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 Andrew C. Lee, Moussa Mehdizadeh, DRE #01315713

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.