603 West 47th Street

Los Angeles, CA 90037

$2,250,000
Price
11
Beds
8
Baths
4,429 Sq. Ft.
$508 / Sq. Ft.
4,429
Sq. Ft.
$508
per Sq. Ft.

Description

Attention Investors and 1031 Exchangers: Profit-Generating Opportunity Awaits! Presenting a unique and lucrative four-unit property with market rents, this charming combination of Spanish-style duplex and modern duplex behind the gates will impress. The front units have been completely renovated, while the remaining units are newly constructed, all boasting excellent condition and market-value rents. Parking is plentiful, offering a combination of garages, carports, and open parking spaces to accommodate...Attention Investors and 1031 Exchangers: Profit-Generating Opportunity Awaits! Presenting a unique and lucrative four-unit property with market rents, this charming combination of Spanish-style duplex and modern duplex behind the gates will impress. The front units have been completely renovated, while the remaining units are newly constructed, all boasting excellent condition and market-value rents. Parking is plentiful, offering a combination of garages, carports, and open parking spaces to accommodate tenants comfortably. Comprising (2) 2-bedroom, 2-bathroom units, (1) 4-bedroom, 2-bathroom unit, and (1) 3-bedroom, 2-bathroom unit, each residence features open layouts with spacious kitchens and islands, perfect for modern living. Centrally located near public transportation and local freeways, this property is within minutes of USC University, the New Banc of California Stadium, Crypto.com Arena, and vibrant DTLA. Whether you're a seasoned investor or new to the market, this is an exceptional opportunity not to be missed. Reach out today for more details and secure your investment in this highly sought-after property!
  1. Listed by Walter Castillo • DRE #01141632 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 603 West 47th Street

Water Front
None
Zoning
LARD2
Style
Traditional
Cross Streets
Fiogueroa
Parcel Number
5018029028
Total Units
4.0
Living Area
4429
Source Living Area
Estimated

Location

Listing Courtesy of Coldwell Banker Realty, Walter Castillo, DRE #01141632
Add your commute
LISTING UPDATED: 03/06/2024 10:39 AM

Property Details for 603 West 47th Street

StatusActive
MLS #24-356505
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.19 AC / 8,276 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Walter Castillo, DRE #01141632
Add your commute

Building Information for 603 West 47th Street

Stories2Residences-Year Built1924Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$13,058 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,279

Property Taxes

$779

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 603 West 47th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: income
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Water: District, Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas, Tankless
  • Water District: LADWP
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, CAL Vet, Conventional, VA, FHA
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $130,800
  • Net Operating Income: $94,775.00
  • Gross Income: $130,800
  • Cap Rate: 4.21%
  • Gross Rent Multiplier: $17.50
  • Actual Annual Gross Rent: $130,800.00
  • Actual Rent Total: $130,800.00
  • Owner Pays: Water
  • Total Annual Expense: 33625
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.19
  • Lot Size Square Feet: 8276
  • Lot Description: 2-4 Lots
Parking Details
Parking Details
  • Parking Garage: Assigned, Driveway - Combination, Carport Attached, Garage Is Attached, Gated
  • Total Parking: 9
  • Covered Parking: 2
  • Open Other Spaces Total: 7
  • Garage Spaces Total: 2
  • Parking Features: Assigned, Driveway - Combination, Attached Carport, Gated
  • Attached Garage: Yes
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate
  • Equipment: Built-Ins
  • Room Kitchen Features: Granite Counters
  • Kitchen Features: Granite Counters
  • Common Walls: Attached
  • Cooking Appliances: Built-Ins
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-08-2024
  • Listing Terms: Cash, Cash To New Loan, Conventional, FHA, Cal Vet Loan
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $218,727.00
  • Assessed Improvement Percent: 29.43
  • Assessed Land Value: $524,361.00
  • Assessed Land Percent: 70.57
  • Assessed Total Value: $743,088.00

Property History for 603 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 603 West 47th Street

Taxable ValueLand$524,361Additions$218,727Total$743,088
Tax Record2023$9,342 ($779 / month)
Home Facts
Total Finished SqFt2,315 SqFtAbove Grade Finished SqFt2,315 SqFtLot Size8,424 SqFtStyleTriplexYear Built1924ZoningLARD2CountyLOS ANGELESAPN5018-029-028

Schools near 603 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.

Similar Homes

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603 West 47th Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on February 8, 2024 by Coldwell Banker Realty, it's currently listed at $2,250,000. It has been on the market for a total of 78 days and was last sold on February 13, 2018. 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. 603 West 47th Street is a 11-bed, 8-bath, 4,429 sqft multi-family home built in 1924.

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, Walter Castillo, DRE #01141632

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.