323 W 47th Place, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

323 W 47th Place, Los Angeles, California 90037 home-pic-0
ACTIVE$824,900
323 W 47th Place, Los Angeles, California 90037
0Bed
0Bath
1,925Sqft
4,550Lot
Year Built
1989
Close
-
List price
$825K
Original List price
$850K
Price/Sqft
$429
HOA
-
Days on market
-
Sold On
-
MLS number
IG25226100
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $824.9K(39th), sqft - 1925(30th), beds - undefined(50th), baths - undefined(50th).

Excellent investment or owner-user opportunity! This well-maintained duplex at 323 W 47th Pl, Los Angeles 90037 is a true two-unit property with separate utility meters for each unit, water is shared. Ideally located minutes from USC, Exposition Park, Banc of California Stadium, LA Memorial Coliseum, and the Natural History Museum, with quick access to DTLA, the 110 & 10 freeways, Metro lines, and the expanding Downtown-to-Inglewood corridor. The property features two spacious 3-bedroom, 1-bath units. The front unit has been tastefully remodeled in recent years, offering updated finishes and modern comfort, while the back unit is well-kept and has its own rear facing access. There is great rental potential in the area. The units also feature mirrored floor plans. Additional highlights include gated parking, a front yard, and a private back patio. The entire property is fully fenced, providing security and privacy for both units with gated parking. With its prime central location and true duplex setup, this property is perfect for investors seeking reliable income or buyers looking to live in one unit while renting out the other. Proximity to universities, transit, and major job centers ensures consistent rental demand. Don’t miss this opportunity to own a piece of Los Angeles real estate with long-term growth and income potential!

Price History

Date
Event
Price
11/15/25
Price Change
$824,900-1.2%
10/19/25
Price Change
$835,000-1.8%
09/29/25
Listing
$849,900
05/09/23
Sold
$700,000
02/14/19
Sold
$520,000
Condition Rating
Fair

The property was built in 1989, making it 35 years old. While the front unit has been 'tastefully remodeled in recent years' with modern finishes including new wood-look laminate flooring, gray shaker cabinets, white countertops, and an updated bathroom with subway tile, the kitchen is critically missing a stove/oven. This significant functional deficiency prevents the unit from being truly move-in ready without immediate additional investment. The description also mentions a 'well-kept' back unit, implying it has not received the same level of modern renovation as the front. The combination of the property's age, the incomplete kitchen in the remodeled unit, and the less updated second unit places the overall condition in the 'Fair' category, as it requires more than minor updates to be fully functional, but the recent cosmetic renovations are a positive.
Pros & Cons

Pros

Prime Investment Opportunity: This property is explicitly marketed as an 'excellent investment or owner-user opportunity' with strong potential for 'long-term growth and income' due to consistent rental demand in the area.
Strategic Location: Ideally situated minutes from USC, Exposition Park, major stadiums, and museums, with quick access to DTLA, freeways (110 & 10), and Metro lines, ensuring high tenant demand.
True Duplex with Separate Utilities: A genuine two-unit property, each with a spacious 3-bedroom, 1-bath layout and separate utility meters (excluding water), which is crucial for efficient property management and maximizing rental income.
Recent Updates & Well-Maintained: The front unit has been 'tastefully remodeled in recent years,' and the back unit is 'well-kept,' indicating a property that has received attention and is in good condition.
Enhanced Security & Amenities: The property is fully fenced with gated parking, a front yard, and a private back patio, offering security, privacy, and desirable outdoor spaces for tenants.

Cons

Shared Water Meter: Despite separate meters for other utilities, the shared water meter can lead to potential disputes between tenants or complicate billing for the owner.
Partial Modernization: While the front unit is remodeled, the back unit is only described as 'well-kept,' suggesting it may not be fully updated to modern standards, potentially requiring future capital expenditure to maximize its rental value.
Recent Price Reductions: The property has undergone multiple price reductions from its original list price, which could indicate initial overpricing or market resistance, warranting a closer look at comparable sales.

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