132 E 47th Place, Los Angeles, California 90011, Los Angeles, - bed, bath

home-pic
ACTIVE$968,000
132 E 47th Place, Los Angeles, California 90011
0Bed
0Bath
2,818Sqft
5,760Lot
Year Built
1921
Close
-
List price
$968K
Original List price
$968K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25152205
Home ConditionPoor
Features
View-

About this home

Investment Opportunity in Prime South LA! This well-maintained 6-unit property consists of two separate buildings on one lot, offering a solid rental income stream and long-term upside. Each unit is tenant-occupied with strong rents, making this a turnkey asset for savvy investors. Located in the high-demand 90011 zip code, this property benefits from consistent rental demand and proximity to major freeways, public transportation, Downtown LA, USC, and the upcoming South LA developments. Whether you're expanding your portfolio or seeking a 1031 exchange opportunity, this is a must-see multi-unit asset in one of LA’s most active rental corridors.

Nearby schools

2/10
Main Street Elementary School
Public,K-50.4mi
5/10
West Vernon Avenue Elementary School
Public,K-50.5mi
5/10
Estrella Elementary School
Public,K-50.7mi
2/10
Forty-Ninth Street Elementary School
Public,K-50.7mi
4/10
Ricardo Lizarraga Elementary School
Public,K-50.8mi
3/10
Fifty-Second Street Elementary School
Public,K-50.9mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,K-50.9mi
3/10
Sally Ride Elementary: A Smart Academy
Public,K-50.9mi
2/10
Harmony Elementary School
Public,K-50.9mi
2/10
Aurora Elementary School
Public,K-51.0mi
/10
Dr. James Edward Jones Primary Center
Public,K-21.1mi
3/10
George Washington Carver Middle School
Public,6-80.7mi
3/10
Los Angeles Academy Middle
Public,6-80.8mi
3/10
William Jefferson Clinton Middle School
Public,6-81.3mi
2/10
John Muir Middle School
Public,6-81.4mi
3/10
Manual Arts Senior High School
Public,9-121.2mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,9-121.3mi
2/10
Thomas Jefferson Senior High School
Public,9-121.4mi
3/10
Nava College Preparatory Academy
Public,9-121.4mi
3/10
John C. Fremont Senior High School
Public,9-122.1mi
5/10
Santee Education Complex
Public,9-122.1mi

Price History

Date
Event
Price
07/08/25
Listing
$968,000
09/29/04
Sold
$495,000
Condition Rating
Poor

This property, built in 1921, is over 100 years old. While the description states it is 'well-maintained' and tenant-occupied, the provided images are exclusively exterior shots, showing significant age, wear, and a lack of modern updates. The stucco is worn, the roof appears old, and security bars are present on windows and doors. The absence of any interior photos, especially of kitchens and bathrooms, strongly suggests these areas are severely outdated, basic, and in need of substantial rehabilitation, likely with original or very old fixtures and finishes. For a property of this age without visible major renovations, major systems (electrical, plumbing, HVAC) are likely at or past their expected lifespan. While currently livable for tenants, it requires significant investment in repairs and rehabilitation to meet contemporary standards of safety, comfort, and aesthetics, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Multi-Unit Income Property: This is a 6-unit property, providing a diversified and solid rental income stream, ideal for investors seeking multiple revenue sources.
Turnkey Investment with Occupancy: All units are tenant-occupied with strong rents, making this a turnkey asset that offers immediate cash flow and eliminates initial vacancy concerns.
Prime Investment Location: Located in the high-demand 90011 zip code in South LA, benefiting from consistent rental demand and positioning it in one of LA’s most active rental corridors.
Excellent Accessibility: Proximity to major freeways, public transportation, Downtown LA, and USC enhances tenant appeal and ensures strong demand for rentals.
Long-Term Appreciation Potential: The property offers long-term upside due to its location within an area experiencing upcoming South LA developments, suggesting future value growth.

Cons

Age of Property: Built in 1921, the property is over 100 years old, which may imply higher ongoing maintenance costs and potential for significant capital expenditures on aging systems (e.g., plumbing, electrical, roof) in the future, despite being described as 'well-maintained'.
Limited Unit-Specific Details: The description lacks specific information regarding the condition, layouts, or recent upgrades of individual units, which could impact a buyer's assessment of current rent potential and future rent growth opportunities.
Potential for Rent Control/Tenant Laws: As an older multi-unit property in Los Angeles, it is highly likely subject to stringent rent control ordinances and tenant protection laws, which can limit an investor's flexibility in rent increases and tenant management.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State