856 W 47th ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90037
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,510 sqft
Price per Sqft $387
MLS Listing ID BB25157315
Bedrooms 12
Full Baths 2
Three Quarter Bath 6
Year Built 2025
Lot Size 7,779 Sqft
Property Sub-Type Quadruplex
Property Description
Don't miss this rare opportunity to own an income generating fourplex in one of Los Angeles' most rapidly developing neighborhoods near USC! This exceptional property combines brand-new construction (2 units, built in 2025) and upgraded existing units (2 units) for a combined 4-unit investment property.
The property has 3 units available for rent and 1 unit paying rent, making it ideal for investors looking to identify their own tenants and maximize cash flow. With a cap rate of 7.44% and a gross rent multiplier (GRM) of 10.47, this asset presents strong current returns and long-term appreciation in a high-demand rental market.
This property is one of three 4-unit investment properties in the same area available in the portfolio—offering great opportunity for buyers looking to invest in an individual or multiple income-generating assets.
At the rear of the property sits a newly built (2025) duplex, featuring two beautifully designed 3-bedroom, 2-bathroom units—each 912 square feet. These modern residences offer stylish vinyl plank flooring, quartz countertops, dual-pane energy-efficient windows, new water heaters, in-unit washer/dryer hookups, and fully paid-off solar panels for long-term energy savings. These units are not subject to rent control.
The front duplex built in 1914 has been thoughtfully upgraded and includes two spacious 3-bedroom, 2-bathroom units, each over 1,300 square feet. These units also feature dedicated laundry rooms with washer/dryer hookups and updated interiors, providing comfort and convenience for tenants. The property has plenty of onsite parking as well as it is an oversized lot exceeding 7,770 square feet in the heart of Los Angeles.
The property has undergone significant infrastructure upgrades, including a modernized electrical system with separate electric meters and sub panels for each unit, as well as all-copper plumbing throughout.
A 5-minute drive to the University of Southern California (USC), and close proximity to Downtown Los Angeles including Crypto Arena, LA LIVE, this property is perfectly positioned in a high-demand rental market. With easy access to major freeways and everyday amenities, this turn-key property is perfect for seasoned or first-time investors seeking solid returns, low maintenance, and a prime location for continued growth.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD2
Interior
Heating Combination,Central
Cooling Central Air,Wall/Window Unit(s)
Flooring Tile,Vinyl
Fireplaces Type None
Laundry Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Exterior
Parking Features Uncovered
Fence Block
Pool None
Community Features Curbs
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Shingle
Building
Lot Description 0-1 Unit/Acre
Dwelling Type Quadruplex
Story 2
Sewer Public Sewer
Water Public
New Construction Yes
Schools
School District Los Angeles Unified
Others
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,Fannie Mae
Listing Terms Cash,Conventional,1031 Exchange,FHA,Fannie Mae
Special Listing Condition Standard