605 West 47th Street

Los Angeles, CA 90037

$1,999,999
Price
11
Beds
8
Baths
4,429 Sq. Ft.
$452 / Sq. Ft.
4,429
Sq. Ft.
$452
per Sq. Ft.

Description

Discover a lucrative investment opportunity with this four-unit property, featuring market-rate rents and an appealing mix of classic and modern design. Behind the gates, you'll find a beautifully renovated Spanish-style duplex in front and a newly constructed, modern duplex in the rear. All units are in excellent condition, with upgrades that make them highly desirable for tenants. This property offers (2) 2-bedroom, 2-bath units, (1) 4-bedroom, 2-bath unit, and (1) 3-bedroom, 2-bath unit. Each...Discover a lucrative investment opportunity with this four-unit property, featuring market-rate rents and an appealing mix of classic and modern design. Behind the gates, you'll find a beautifully renovated Spanish-style duplex in front and a newly constructed, modern duplex in the rear. All units are in excellent condition, with upgrades that make them highly desirable for tenants. This property offers (2) 2-bedroom, 2-bath units, (1) 4-bedroom, 2-bath unit, and (1) 3-bedroom, 2-bath unit. Each residence boasts an open floor plan with spacious kitchens and islands perfect for comfortable, modern living. Tenants will also benefit from ample parking options, including garages, carports, and open spaces, ensuring convenience and ease. This property is located centrally and provides easy access to public transportation, major freeways, USC University, Banc of California Stadium, Crypto.com Arena, and the vibrant Downtown Los Angeles scene. It's a prime opportunity for investors seeking steady cash flow and appreciation potential in a high-demand area. Take advantage of this exceptional investment. Contact us today to learn more and secure your stake in this highly sought-after property!
  1. Listed by Walter Castillo • DRE #01141632 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 605 West 47th Street

Zoning
LARD2
Style
Traditional
Cross Streets
Figueroa Avenue
Parcel Number
5018029028
Total Units
4.0
Living Area
4429
Source Living Area
Estimated
Area
Downtown L.A. (C42)
LISTING UPDATED: 11/20/2024 12:01 AM

Property Details for 605 West 47th Street

StatusActive
MLS #24-462989
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.19 AC / 8,276 SF
CountyLos Angeles County

Building Information for 605 West 47th Street

Stories2Residences-Year Built1924Building Size-Lot Size0.19 AC / 8,276 SF

Property Information for 605 West 47th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Income
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Property Condition: Updated/Remodeled, New Construction
  • Water: Mutual Water Source
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
  • Water District: LADWP
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, Conventional, FHA, VA, New
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $135,600
  • Net Operating Income: $105,101.00
  • Gross Income: $135,600
  • Cap Rate: 5.26%
  • Gross Rent Multiplier: $14.75
  • Actual Annual Gross Rent: $135,600.00
  • Actual Gross Annual Income: $135,600
  • Actual Rent Total: $135,600.00
  • Financial Info as Of: 11/12/2024
  • Vacancy Allow Dollar: $.00
  • Vacancy Allow Percent: .00%
  • Owner Pays: Water
  • Total Annual Expense: 30499
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.19
  • Lot Size Square Feet: 8276
  • Lot Description: 2-4 Lots
Parking Details
Parking Details
  • Parking Garage: Attached, Carport Attached, Garage - 1 Car, Driveway Gate, Private, Private Garage, Gated
  • Total Parking: 9
  • Covered Parking: 2
  • Open Other Spaces Total: 5
  • Carport Spaces Total: 2
  • Parking Features: Attached Carport, Garage - Single Door, Private, Gated
  • Attached Garage: Yes
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate, Mixed
  • Equipment: Built-Ins
  • Cooking Appliances: Built-Ins
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Flat, Shingle
  • Sprinklers: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-12-2024
  • Listing Terms: Cash, Cal Vet Loan, Cash To New Loan, FHA, Government Loan, Freddie Mac, Fannie Mae, Conventional
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Range: 4
  • Number Wall AC: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $218,727.00
  • Assessed Improvement Percent: 29.43
  • Assessed Land Value: $524,361.00
  • Assessed Land Percent: 70.57
  • Assessed Total Value: $743,088.00
  • Private Transfer Taxes: No

Property History for 605 West 47th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 605 West 47th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Dr. James Edward Jones Primary Center
PublicK to 2

Marguerite Poindexter Lamotte Elementary
PublicK to 5

John Muir Middle School
Public6 to 8

Manual Arts Senior High School
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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605 West 47th Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on November 12, 2024 by Coldwell Banker Realty, it's currently listed at $1,999,999. This listing's school district is Los Angeles Unified School District. Nearby schools include Dr. James Edward Jones Primary Center, Marguerite Poindexter Lamotte Elementary and John Muir Middle School. 605 West 47th Street is a 11-bed, 8-bath, 4,429 sqft multi-family home built in 1924.

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 Realty, Walter Castillo, DRE #01141632

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.