1447 W 47th Street, Los Angeles, California 90062, Los Angeles, 90062 - 2 bed, 2 bath
ACTIVE$530,000
1447 W 47th Street, Los Angeles, California 90062
2Beds
2Baths
2,027Sqft
5,694Lot
Year Built
1908
Close
-
List price
$530K
Original List price
$530K
Price/Sqft
$261
HOA
-
Days on market
-
Sold On
-
MLS number
PW25079479
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $530.0K(8th), sqft - 2027(81th), beds - 2(24th), baths - 2(50th).
Short sale, subject to lender approval, unfinished construction, buyer to verify all permits and conduct their own due diligence. This is a chance to take over a renovation project with unfinished construction. The home offers a promising layout and several upgrades already in place, but it will require additional work and finishing touches.
Nearby schools
3/10
Normandie Avenue Elementary School
Public,•K-5•0.2mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.6mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.7mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.4mi
2/10
John Muir Middle School
Public,•6-8•1.2mi
3/10
Manual Arts Senior High School
Public,•9-12•0.8mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.6mi
Price History
Date
Event
Price
04/10/25
Listing
$530,000
Condition Rating
Poor
The property, built in 1908, is explicitly described as having 'unfinished construction' and requiring 'additional work and finishing touches.' While the exterior shows some recent updates like siding and windows, the lack of interior photos combined with the description indicates it is not move-in ready and requires substantial rehabilitation to be fully habitable. This aligns with the 'poor' condition criteria, as it's a significant renovation project rather than just needing minor updates.
Pros & Cons
Pros
Desirable Location: Situated in Los Angeles, a highly sought-after and appreciating real estate market, offering strong long-term investment potential.
Renovation Opportunity: Presents a unique opportunity for a buyer to customize and complete a renovation project, adding significant sweat equity and potential value.
Project Foundation: The property boasts a promising layout and already has several upgrades in place, providing a solid foundation for the remaining construction.
Competitive Pricing: Listed at a competitive price of $530,000 for a single-family home of this size (2027 sqft) and lot (5694 sqft) in the Los Angeles market, appealing to value-add investors.
Spacious Property: Offers a substantial 2027 sqft of living space and a generous 5694 sqft lot, providing ample room for expansion or outdoor amenities.
Cons
Unfinished Condition: The property is an unfinished construction project, requiring substantial additional work, permits, and financial investment before it can be occupied.
Transaction Complexity: Being a short sale, the transaction is subject to lender approval, which can lead to extended timelines, potential delays, and increased complexity for the buyer.
Buyer Due Diligence: Buyers are explicitly required to verify all permits and conduct extensive due diligence, indicating potential challenges with existing documentation or compliance.