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227 W 47th Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

227 W 47th Street, Los Angeles, California 90037 home-pic-0
ACTIVE$785,000
227 W 47th Street, Los Angeles, California 90037
0Bed
0Bath
1,863Sqft
7,845Lot
Year Built
1909
Close
-
List price
$785K
Original List price
$785K
Price/Sqft
$421
HOA
-
Days on market
-
Sold On
-
MLS number
GD25026787
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $785.0K(30th), sqft - 1863(30th), beds - undefined(50th), baths - undefined(50th).

This duplex near downtown LA, BMO Stadium, and the Coliseum offers an excellent investment opportunity. Whether you're a first-time buyer or a seasoned investor, this property provides flexibility and potential for value growth. Ideally situated near major freeways and amenities, this duplex ensures easy access to everything Los Angeles has to offer. The front unit features 4 bedrooms and 2 bathrooms, while the rear unit includes 2 bedrooms and 1 bathroom, allowing you the option to live in one unit and rent out the other. A detached 2-car garage presents a great opportunity for ADU conversion, further maximizing rental income potential. While the property may require some TLC, it offers an incredible chance to customize and add value according to your preferences. Don't miss out on this fantastic opportunity to own a versatile property in a highly desirable area!

Price History

Date
Event
Price
10/03/05
Sold
$475,000
03/15/01
Sold
$215,000
10/25/00
Sold
$164,000
06/09/00
Sold
$201,202
12/10/96
Sold
$185,000
Condition Rating
Poor
Built in 1909, this property is over a century old and shows clear signs of significant deferred maintenance. The kitchen and bathrooms are extremely outdated with old cabinets, worn laminate countertops, basic appliances, and aged fixtures, indicating they are likely 30-50+ years old or original. The description explicitly states the property 'may require some TLC' and the property analysis highlights 'Requires Significant Renovation' and 'Advanced Age of Structure.' Major systems (electrical, plumbing, HVAC) are highly likely to be outdated and require substantial upgrades for safety and functionality. While not a tear-down, it requires extensive rehabilitation to meet modern living standards.
Pros & Cons

Pros

Income-Generating Duplex: The property is a duplex with distinct units (4 bed/2 bath and 2 bed/1 bath), offering immediate rental income potential or a flexible owner-occupancy with rental strategy.
ADU Conversion Opportunity: A detached 2-car garage presents a clear and valuable opportunity for an Accessory Dwelling Unit (ADU) conversion, significantly enhancing rental income potential.
Strategic Location: Ideally situated near downtown LA, BMO Stadium, the Coliseum, and major freeways, ensuring high demand, excellent accessibility, and proximity to key amenities.
Value-Add Potential: Marketed as an 'excellent investment opportunity' with 'potential for value growth' and customization, appealing to buyers looking to add significant equity through improvements.
Generous Lot Size: The substantial 7,845 sqft lot is a premium asset in urban Los Angeles, offering ample space for potential expansion, outdoor amenities, or future development.

Cons

Requires Significant Renovation (TLC): The property explicitly 'may require some TLC,' indicating potential for substantial renovation costs and effort to modernize and improve its condition.
Advanced Age of Structure: Built in 1909, the property is over a century old, suggesting potential for outdated infrastructure, systems (plumbing, electrical), and general wear and tear that may require costly updates.
Lack of Modern Amenities/Updates: The description does not highlight any recent upgrades or modern features, implying that significant investment may be needed to bring the property to contemporary living standards.

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