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

856 W 47th Street, Los Angeles, California 90037 home-pic-0
ACTIVE$1,698,000
856 W 47th Street, Los Angeles, California 90037
0Bed
0Bath
4,510Sqft
7,778Lot
Year Built
2025
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$376
HOA
-
Days on market
-
Sold On
-
MLS number
BB25199896
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.70M(96th), sqft - 4510(96th), beds - undefined(50th), baths - undefined(50th).

Investor Alert! High-performing 4-unit asset near USC with 7.13% CAP, 10.95 GRM, and huge rental upside. Three units delivered vacant—set your own rents immediately. Rear duplex is brand-new 2025 construction (2× 3BD/2BA; 912 sq. ft. each; NOT rent-controlled). Front duplex includes two upgraded 3BD/2BA units (1,300+ sq. ft. each) with private laundry. Low maintenance + low expenses: paid-off solar, copper plumbing, upgraded electrical, separate meters, oversized 7,770+ sq. ft. lot. Prime location: Minutes to USC, DTLA, Crypto Arena, LA LIVE, and major freeways— strong tenant demand. Portfolio Opportunity: Perfect for cash flow investors, 1031 buyers, or portfolio builders. This fourplex is one of three income-generating 4-unit properties available in the same USC-area portfolio. A rare chance to buy one or all three for instant scale. Across the portfolio you can control 12 total units, (12BD/8BA + 10BD/6BA + 12BD/8BA)—a powerful, high-yield rental footprint in one of LA’s fastest-growing markets. Turnkey, high-yield, and priced to move!

Nearby schools

2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.1mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.2mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.3mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.5mi
5/10
Menlo Avenue Elementary School
Public,•K-5•0.6mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.6mi
2/10
Main Street Elementary School
Public,•K-5•0.9mi
2/10
Western Avenue Elementary School
Public,•K-5•1.2mi
3/10
Trinity Street Elementary School
Public,•K-5•1.3mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.4mi
/10
Maple Primary Center
Public,•K-1•1.4mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.9mi
2/10
Forty-Second Street Elementary School
Public,•K-5•2.0mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.2mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.7mi
2/10
John Muir Middle School
Public,•6-8•1.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.2mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.4mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.5mi
1/10
Horace Mann Junior High School
Public,•6-8•2.1mi
2/10
Audubon Middle School
Public,•6-8•2.5mi
3/10
Manual Arts Senior High School
Public,•9-12•0.6mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.0mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.2mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.4mi
5/10
Santee Education Complex
Public,•9-12•2.5mi

Price History

Date
Event
Price
09/04/25
Listing
$1,698,000
04/04/22
Sold
$850,000
Condition Rating
Excellent
The property includes brand-new 2025 construction units, as explicitly stated in the description and confirmed by the pristine condition shown in the images. The kitchens feature modern white shaker cabinets, quartz countertops, new stainless steel appliances, and contemporary black matte fixtures. Bathrooms are equally updated with large format marble-look tiles, new vanities, quartz countertops, and modern black-framed glass shower doors. Throughout the units, there is new hardwood flooring, recessed lighting, and fresh paint, indicating no deferred maintenance and meeting current quality standards. The property also boasts upgraded systems like solar, copper plumbing, and electrical, aligning perfectly with the 'Excellent' criteria for a newly built or extensively renovated property.
Pros & Cons

Pros

Exceptional Investment Metrics & Rental Upside: The property boasts a high-performing 7.13% CAP rate and 10.95 GRM, with three units delivered vacant, allowing for immediate rent optimization and significant income growth potential.
Strategic Location with Strong Tenant Demand: Its prime location minutes from USC, DTLA, Crypto Arena, LA LIVE, and major freeways ensures a robust and consistent tenant pool, driving strong demand for rentals.
Modern & Low-Maintenance Property: Features brand-new 2025 construction for the rear duplex (not rent-controlled) and upgraded front units, complemented by paid-off solar, copper plumbing, upgraded electrical, and separate meters, minimizing future expenses.
Multi-Unit Income Stream: As a 4-unit quadruplex, it provides diversified income streams and a strong cash flow opportunity, ideal for cash flow investors and 1031 buyers.
Portfolio Expansion Potential: This fourplex is part of a larger portfolio, offering a rare chance to acquire multiple income-generating properties for instant scale in a fast-growing Los Angeles market.

Cons

Future Completion/Availability: The 'year_built: 2025' and 'on_market_date: 2025-09-04' indicate that the new construction portion may not be fully completed or available for immediate occupancy, potentially delaying full income realization.
Lack of Specific Views: The property description explicitly states 'view: None,' which might be a minor drawback for some potential tenants or future resale value, as desirable views can command higher rents/prices.
Reliance on Specific Tenant Demographics: While the proximity to USC is a strength, a heavy reliance on the student/university-affiliated market could introduce specific risks related to academic calendars, enrollment fluctuations, or changes in student housing preferences.

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