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

961 W 47th Street, Los Angeles, California 90037 home-pic-0
ACTIVE$1,100,000
961 W 47th Street, Los Angeles, California 90037
0Bed
0Bath
6,685Sqft
6,685Lot
Year Built
1913
Close
-
List price
$1.1M
Original List price
$1.2M
Price/Sqft
$165
HOA
-
Days on market
-
Sold On
-
MLS number
SR25070265
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(74th), sqft - 6685(96th), beds - undefined(50th), baths - undefined(50th).

$99,000 PRICE REDUCTION Located in the heart of South Los Angeles,  this investment property has a strong upside potential in a neighborhood that’s actively transitioning and showing signs of revitalization. This four-unit property includes two income-producing units and two vacant units, offering flexibility for owner-occupied or investors ready to capitalize on rental demand. The area is seeing increased investment and development activity, making it an up-and-coming community with growing appeal. Positioned just 1.5 miles from the new Lucas Museum of Narrative Art (Star Wars Museum), 1.2 miles from the Natural History Museum, and just over a mile from the California Science Center and Children’s Science Center, this property sits at the intersection of culture, education, and innovation. It’s also only 1.3 miles from USC, making it an ideal opportunity for parents looking to avoid high dormitory costs by investing in housing for their student. Instead of paying rent, your child can live in one of the units while the others generate rental income—turning an expense into a wealth-building strategy. Adding even more value, the detached 3-car garage has excellent potential for conversion into an Accessory Dwelling Unit (ADU), which could provide additional income and boost overall property value. Just 1.4 miles from BMO Stadium, home of LAFC, this property is perfectly positioned to benefit from the continued transformation of South LA. With cultural landmarks, major institutions, and infrastructure upgrades nearby, this s a rare opportunity to invest in a rising neighborhood while enjoying immediate and future gains. Seller motivated to entertain all offers. PRICE TO SELL.

Nearby schools

/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.1mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.1mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.4mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.5mi
5/10
Menlo Avenue Elementary School
Public,•K-5•0.5mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.6mi
2/10
Main Street Elementary School
Public,•K-5•1.1mi
2/10
Western Avenue Elementary School
Public,•K-5•1.1mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.2mi
3/10
Trinity Street Elementary School
Public,•K-5•1.4mi
/10
Maple Primary Center
Public,•K-1•1.5mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.8mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.8mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.1mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.6mi
2/10
John Muir Middle School
Public,•6-8•1.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.1mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.5mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.7mi
1/10
Horace Mann Junior High School
Public,•6-8•2.1mi
2/10
Audubon Middle School
Public,•6-8•2.3mi
3/10
Manual Arts Senior High School
Public,•9-12•0.5mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.1mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.3mi
5/10
Santee Education Complex
Public,•9-12•2.5mi

Price History

Date
Event
Price
09/27/25
Price Change
$1,100,000-8.3%
06/20/25
Sold
$1,000,000
03/31/25
$1,199,000
03/21/25
Sold
$1,675,000
08/13/20
Sold
$1,040,000
04/20/18
Sold
$495,000
Condition Rating
Fair
The property was built in 1913, making it over 100 years old. While some areas like the kitchens and bathrooms show signs of recent cosmetic updates (white shaker-style cabinets, basic white countertops, subway tile in the bathroom, wood-look laminate flooring in some rooms), these updates are functional and clean rather than high-end or extensive. The presence of a wall-mounted heater suggests older heating systems. The overall impression is that the home is aged but has received regular upkeep and occasional, budget-friendly updates to make it livable and rentable. Major systems are likely functional but show signs of being outdated due to the property's age, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Strong Investment & Value-Add Potential: This quadruplex offers significant upside with two vacant units for immediate income optimization or owner-occupancy, plus excellent potential for an Accessory Dwelling Unit (ADU) conversion of the detached 3-car garage to further boost revenue and property value.
Strategic Location & Revitalizing Neighborhood: Situated in a rapidly transitioning South Los Angeles neighborhood, the area is experiencing active investment and development, indicating strong appreciation potential and growing appeal for residents and investors.
Proximity to Key Institutions & Attractions: The property boasts a highly desirable location near major cultural and educational hubs, including USC (1.3 miles), the Lucas Museum of Narrative Art, Natural History Museum, California Science Center, and BMO Stadium, ensuring robust rental demand.
Immediate Income Generation & Flexibility: With two units currently income-producing, the property provides immediate cash flow. The two vacant units offer flexibility for an owner-occupant or the opportunity to select new tenants at current market rates.
Motivated Seller & Recent Price Reduction: A significant $99,000 price reduction and the explicit statement 'Seller motivated to entertain all offers. PRICE TO SELL.' present a strong opportunity for buyers to negotiate a favorable purchase price.

Cons

Advanced Age of Property: Built in 1913, the property is over a century old, suggesting potential for significant deferred maintenance, outdated infrastructure (plumbing, electrical), and higher capital expenditure requirements for necessary repairs and upgrades.
Partial Vacancy & Income Gap: Two of the four units are currently vacant, which results in an immediate income gap and requires active management and marketing efforts to secure new tenants, potentially incurring additional costs and time.
Mixed School Ratings & Neighborhood Perception: While transitioning, the South Los Angeles neighborhood may still face perception challenges for some buyers. Additionally, several nearby public schools have low ratings, which could be a deterrent for families prioritizing top-tier educational options.

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