171 E 47th Place, Los Angeles, California 90011, Los Angeles, 90011 - 4 bed, 3 bath
ACTIVE$799,999
171 E 47th Place, Los Angeles, California 90011
4Beds
3Baths
3,415Sqft
6,736Lot
Year Built
1912
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$234
HOA
-
Days on market
-
Sold On
-
MLS number
25626971
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $800.0K(90th), sqft - 3415(94th), beds - 4(74th), baths - 3(94th).
Calling All Investors! Vacant triplex located in the heart of Los Angeles, just one mile from USC. All units will be delivered vacant, offering the ideal opportunity for renovation or maximizing future rental income. With over 3,000 sq. ft. of living space, this property provides excellent value-add potential in a highly desirable area. This is a fixer and needs repairs perfect for investors looking for a project with strong upside. The property is gated and features a large driveway with additional parking spaces in the back, as well as a detached garage. Close to major shopping, dining, and freeway access. Cash buyers only. Property sold as-is.
Nearby schools
2/10
Main Street Elementary School
Public,•K-5•0.4mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.5mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.6mi
5/10
Estrella Elementary School
Public,•K-5•0.7mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.7mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.9mi
2/10
Harmony Elementary School
Public,•K-5•0.9mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.9mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.9mi
2/10
Aurora Elementary School
Public,•K-5•1.0mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.1mi
3/10
George Washington Carver Middle School
Public,•6-8•0.7mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.8mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.3mi
2/10
John Muir Middle School
Public,•6-8•1.4mi
3/10
Manual Arts Senior High School
Public,•9-12•1.2mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.4mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.4mi
5/10
Santee Education Complex
Public,•9-12•2.0mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.1mi
Price History
Date
Event
Price
12/09/25
Listing
$799,999
12/20/05
Sold
$570,000
05/23/02
Sold
$158,000
Condition Rating
Poor
This property, built in 1912, is explicitly described as a 'fixer' that 'needs repairs' and is 'sold as-is,' targeting investors for 'extensive renovation.' The provided images confirm severe exterior deterioration, including widespread peeling paint and worn surfaces, indicating significant deferred maintenance and a lack of recent updates. While interior images are not available, the overall condition and description strongly suggest that the kitchen, bathrooms, and all major systems are outdated and in very poor condition, requiring substantial repairs and rehabilitation to be safe and comfortable for living.
Pros & Cons
Pros
High Income & Value-Add Potential: A vacant triplex offering significant rental income opportunities and strong upside through renovation, ideal for investors.
Strategic Urban Location: Situated in the heart of Los Angeles, just one mile from USC, with excellent access to major shopping, dining, and freeway access.
Vacant Delivery for Immediate Project: All units will be delivered vacant, providing investors with a clean slate for immediate renovation and tenant placement without existing tenant issues.
Ample Parking & Security: The property is gated and features a large driveway with additional parking spaces in the back, as well as a detached garage, a valuable asset in a dense urban environment.
Substantial Living Space: With over 3,000 sq. ft. of living space, the property offers generous unit sizes, enhancing its appeal post-renovation.
Cons
Extensive Renovation Required: Explicitly described as a 'fixer' that 'needs repairs,' indicating substantial capital investment and project management will be necessary.
Limited Buyer Pool (Cash Only & As-Is): The requirement for 'cash buyers only' and being 'sold as-is' severely restricts the marketability and places all repair liabilities on the buyer.
Advanced Age of Property: Built in 1912, the property's age suggests potential for outdated infrastructure, systems, and higher-than-average maintenance or renovation costs.