225 West 47th Place

Los Angeles, CA 90037

$799,000
Price
7
Beds
4
Baths
2,626 Sq. Ft.
$304 / Sq. Ft.
2,626
Sq. Ft.
$304
per Sq. Ft.

Description

Great opportunity to own a 3-unit property! This property consists of two buildings with three (3) units. The front house is two stories with 5 bedrooms and 2 baths. The back house comprises two units, each with 1 bedroom and 1 bath, on top of a 3-car garage. The property features a newer Roof, and it has been recently repainted. It is within walking distance of a Grocery Market and a Catholic Church. All units are currently tenant-occupied on a month-to-month basis, and rent payments are consistently...Great opportunity to own a 3-unit property! This property consists of two buildings with three (3) units. The front house is two stories with 5 bedrooms and 2 baths. The back house comprises two units, each with 1 bedroom and 1 bath, on top of a 3-car garage. The property features a newer Roof, and it has been recently repainted. It is within walking distance of a Grocery Market and a Catholic Church. All units are currently tenant-occupied on a month-to-month basis, and rent payments are consistently on time. The location is conveniently close to the 110 Freeway, USC University, Downtown LA, LAFC Stadium, and much more.
  1. Listed by Karen Shin • DRE #01721241 • Brokerage DRE #01218423 • Coldwell Banker Best Realty • 714-606-1391

Property Details for 225 West 47th Place

Parking Spaces Total
3
Private Pool
No
Cooling Type
Wall/Window
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2626
Assessor Parcel Number
5110-011-020
LISTING UPDATED: 09/17/2024 10:25 PM

Property Details for 225 West 47th Place

StatusActive
MLS #PW24145996
Days on Market53
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.13 AC / 5,650 SF
CountyLos Angeles County

Building Information for 225 West 47th Place

Stories2Residences-Year Built1953Building Size-Lot Size0.13 AC / 5,650 SF

Property Information for 225 West 47th Place

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $50,136
  • Gross Scheduled Income: $50,136
  • Gross Operating Income: $50,136
  • Net Operating Income: $41,998
Expense Details
  • Operating Expense: $8,138
  • Insurance Expense: $1,700
  • Trash Expense: $480
  • Water Sewer Expense: $1,200
  • Total Expenses: $8,138
Tax / Assessment Info
  • Tax Tract Number: 231...
  • Tax Census Tract: 2319.01
  • CFD/Mello-Roos Fee: $436
  • Tax Lot: 40
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Room Type: Living Room, Main Floor Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Individual Room, Inside, Washer Hookup
  • Cooling: Wall/Window Unit(s)
  • Flooring: Carpet, Wood
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Electric: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,358
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $930
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $890
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2

Property History for 225 West 47th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 225 West 47th Place

Taxable ValueLand$141,115Additions$226,454Total$367,569
Tax Record2024$4,846 ($404 / month)
Home Facts
Total Finished SqFt2,626 SqFtAbove Grade Finished SqFt2,626 SqFtLot Size5,648 SqFtStyleTriplexYear Built1953ZoningLAR2CountyLOS ANGELESAPN5110-011-020

Schools near 225 West 47th Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
West Vernon Avenue Elementary School
PublicK to 5

William Jefferson Clinton Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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225 West 47th Place is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on July 26, 2024 by Coldwell Banker Best Realty, it's currently listed at $799,000. It has been on the market for a total of 53 days and was last sold on August 19, 2011. This listing's school district is Los Angeles Unified School District. Nearby schools include West Vernon Avenue Elementary School, William Jefferson Clinton Middle School and Thomas Jefferson Senior High School. 225 West 47th Place is a 7-bed, 4-bath, 2,626 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Best Realty, Karen Shin, DRE #01721241

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.