526 West 47th Street

Los Angeles, CA 90037

$5,790,000
Price
21
Beds
19
Baths
11,954 Sq. Ft.
$484 / Sq. Ft.
11,954
Sq. Ft.
$484
per Sq. Ft.

Description

Major price reduction- price reduced by $200k. Well-maintained 19-units sitting on a huge double lot, approx. 15,464 sq. Ft. COMPLETE ADDRESS: 526-534 W. 47Th ST., LA 90037. Consists of two adjacent parcels # 5018-027-15 & # 50-18-027-16. Minutes south of usc, close to shops and restaurants. Great location with huge development potentials. Possibility to build affordable / low income units; (buyer to verify). Tremendous upside potential once units are turned. Close to 110-freeway, shops & public...Major price reduction- price reduced by $200k. Well-maintained 19-units sitting on a huge double lot, approx. 15,464 sq. Ft. COMPLETE ADDRESS: 526-534 W. 47Th ST., LA 90037. Consists of two adjacent parcels # 5018-027-15 & # 50-18-027-16. Minutes south of usc, close to shops and restaurants. Great location with huge development potentials. Possibility to build affordable / low income units; (buyer to verify). Tremendous upside potential once units are turned. Close to 110-freeway, shops & public transits. Drive by only, please do not contact tenants. Call / text listing agent for more details.
  1. Listed by Albert Aftalion • DRE #00805337 • Brokerage DRE #01458187 • Keller Williams Realty Westside

Property Details for 526 West 47th Street

Zoning
LARD2
Parcel Number
5018027015
Total Units
19.0
Living Area
11954
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
0%
Lot Size Area
15464

Location

Listing Courtesy of Keller Williams Realty Westside, Albert Aftalion, DRE #00805337
Add your commute
LISTING UPDATED: 04/18/2024 10:26 AM

Property Details for 526 West 47th Street

StatusActive
MLS #24-352341
Days on Market94
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.36 AC / 15,464 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty Westside, Albert Aftalion, DRE #00805337
Add your commute

Building Information for 526 West 47th Street

Stories-Residences-Year Built1927Building Size-Lot Size0.36 AC / 15,464 SF

Payment Calculator

$33,067 per month

30 year fixed, 7.25% Interest

Principal and Interest

$31,598

Property Taxes

$1,469

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 526 West 47th Street

Community / Development
Community / Development
  • Number Of Units: 19
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 6
  • Type Of Units: 19
  • 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: Scheduled
  • Gross Operating Income: $501,150
  • Net Operating Income: $361,900.00
  • Gross Income: $517,200
  • Gross Rent Multiplier: $11.40
  • Total Annual Expense: 155100
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.355
  • Lot Size Square Feet: 15464
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Garbage Disposal, Hood Fan
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-31-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $39,600.00
  • Unit Projected Rent: $39,600.00
  • Like Units: 18
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,400.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $402,074.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $938,176.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $1,340,250.00

Property History for 526 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 526 West 47th Street

Taxable ValueLand$956,939Additions$413,715Total$1,370,654
Tax Record2023$17,624 ($1,469 / month)
Home Facts
Total Finished SqFt5,960 SqFtAbove Grade Finished SqFt5,960 SqFtLot Size7,058 SqFtStyleMulti-Family Res (5+ Units)Year Built1906ZoningLARD2CountyLOS ANGELESAPN5018-027-015

Schools near 526 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 8
Public - 9 to 12
Rating
School
Distance
Dr. James Edward Jones Primary Center
PublicK to 2

Marguerite Poindexter Lamotte Elementary
PublicK to 5

John Muir Middle School
Public6 to 8

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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526 West 47th Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on January 31, 2024 by Keller Williams Realty Westside, it's currently listed at $5,790,000. 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 John Muir Middle School. 526 West 47th Street is a 21-bed, 19-bath, 11,954 sqft multi-family home built in 1927.

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 Keller Williams Realty Westside, Albert Aftalion, DRE #00805337

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.