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1111 West 47th Street

Los Angeles CA 90037

7
5
2863 sq. ft.
7389 sq. ft.
Other
Currently for sale - view listing

Overview

We are pleased to present the opportunity to acquire 1111 W. 47th Street, a value-add five-unit multifamily investment located in the Vermont Square neighborhood of South Los Angeles. Offered below replacement cost, the property provides investors with the opportunity to acquire a well-located, income-producing asset featuring significant rental upside, operational flexibility, and long-term value creation.Built in 1927, the property consists of three separate structures totaling approximately 2,863 square feet of rentable space on a 7,387-square-foot lot. The unit mix includes (3) 1bd/1bd units and (2) 2bd/1ba units, with (1) 1bd unit (detached cottage) to be delivered vacant, providing an immediate opportunity to renovate and lease at market rents.The property also includes (4) single-car garages, which are currently utilized for storage. Based on current market conditions, investors have the opportunity to capture approximately 68% rental upside while exploring the potential to convert the existing garage configuration into one or more Accessory Dwelling Units (ADUs), creating additional rental income and enhancing the property's long-term value (Buyer to Verify).Located three blocks south of W. Vernon Ave. and two blocks west of S. Vermont Ave, the property benefits from access to major transportation corridors, employment centers, educational institutions, and neighborhood amenities, providing strong connectivity throughout Los Angeles.

Features

7 bedrooms
5 bathrooms
2863 sq. ft. floor area
7389 sq. ft. lot size
Other

Happy sellers in Los Angeles

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Local market activity for 7 bedroom other properties in Los Angeles

In the last 12 months, 1 seven-bedroom other similar to 1111 West 47th Street, have been sold.

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Sales:
(619) 566-0008
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