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$2150000   Price Analysis
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603 W 47th St
Los Angeles, CA 90037
11 bed 8 bath 4429 SqFt ($485/SqFt)
8276SqFt lot. Built 1924
Listed 2024-02-08, Taxes $8854
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Lucrative four-unit property with market rents

This chrming combination of Spanish-style duplex and modern duplex behind the gates will impress. The front units have been com pletely renovated, while the remaining units are newly constructed, all boasting excellent condition and market-value rents. Parking is plentiful, offering a combination of garages, carports and open parking spaces to accommodate tenants comfortably. Comprising (2) 2-bedroom, 2-bathroom units, (1) 4-bedroom, 2-bathroom unit and (1) 3-bedroom, 2-bathroom unit, each residence features open layouts with sizeable kitchens and islands, perfect for modern living.

Centrally located near public transportation and local freeways, this property is within minutes of USC University, the Brand new Banc of California Stadium, Crypto.com Arena and vibrant DTLA. Whether you're a seasoned investor or new to the market, this is an exceptional opportunity not to be missed. Reach out today for more details and secure your investment in this highly sought-after property!


Presented by Walter Castillo at
Coldwell Banker Realty.
Listing Agent Photo

Property MLS #24-356505 from TheMLSCLAW

Bedrooms: 11

Total Bathrooms: 8
Full Bathrooms: 8

Built-Ins
Laundry Facilities: In Unit
Laundry Features: In Unit

Granite Counters
Kitchen Features: Granite Counters

Cooling Features: Wall Unit(s)
Heating Features: Wall

Flooring: Laminate

Water Features: District, Public

Covered Spaces: 2
Garage Spaces: 2
Garage Description: Assigned, Driveway - Combination, Carport Attached, Garage Is Attached, Gated
Parking Total: 9

Lot Description: 2-4 Lots
Lot Size Acres: 0.1899908
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 8276

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 4
Unit Features: 1 BedsTotal: 4, 1 BathsTotal: 2, 1 SquareFeet: 3500, 2 BedsTotal: 3, 2 BathsTotal: 2, 2 SquareFeet: 2800, 3 BedsTotal: 2, 3 BathsTotal: 2, 3 SquareFeet: 2400, 4 BedsTotal: 2, 4 BathsTotal: 2, 4 SquareFeet: 2400

Tenant Pays: Electric, Gas

Source Listing Status: Active
County: Los Angeles
Cross Street: Fiogueroa
Cap Rate: 4.5
Directions: West of Figueroa / South of Vernon
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Owner Pays: Water
Parcel Number: 5018-029-028
Postal Code Plus 4: 3121
Zoning: LARD2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$214439 + $514080
$728519
$8854
2021$210235 + $504565
$714800
$8810
2020$208080 + $499392
$707472
$8898
2019$204000 + $489600
$693600
$8552
2018$156060 + $354776
$510836
$6463
2017$153000 + $347820
$500820
$6329
2016$64757 + $235493
$300250
$3898
2015$63785 + $231956
$295741
$3844
2014$62536 + $227413
$289949
$3879
2013$62254 + $226386
$288640
$3873
2012$61034 + $221948
$282982
$3924
2010$59838 + $217597
$277435
$3858
2009$59533 + $216485
$276018
$3717
2009$59391 + $215971
$275362
$3717
2008$58366 + $212241
$270607
$3569
2007$57222 + $208080
$265302
$3450

Price Changed 2024-06-15
$2150000
TheMLSCLAW
Price Changed 2024-03-01
$2250000
TheMLSCLAW
Listed 2024-02-08
$2300000
TheMLSCLAW
Listing removed 2024-01-25
$2900
TheMLSCLAW
Listing removed 2024-01-25
$2800
TheMLSCLAW
Listing removed 2023-05-02
$0
TheMLSCLAW
Price Changed 2023-02-28
$2299000
TheMLSCLAW
Listed 2022-10-20
$2330000
TheMLSCLAW
Listing removed 2022-03-05
$0
TheMLSCLAW
Price Changed 2022-01-18
$1990000
TheMLSCLAW
Listed 2021-10-05
$2150000
TheMLSCLAW
Listing removed 2018-04-04
$699000
TheMLSCLAW
Sold 2018-03-26
$680000
TheMLSCLAW
Relisted 2018-03-07
$699000
TheMLSCLAW
Listing removed 2018-03-01
$699000
TheMLSCLAW
Relisted 2017-11-14
$699000
TheMLSCLAW
Listing removed 2017-09-15
$626000
TheMLSCLAW
Listed 2017-07-25
$626000
TheMLSCLAW
Listing removed 2017-06-10
$599000
TheMLSCLAW
Price Changed 2017-03-31
$599000
TheMLSCLAW
Listed 2017-02-16
$613000
TheMLSCLAW
Listing removed 2014-02-26
$399000
TheMLSCLAW
Relisted 2014-02-17
$399000
TheMLSCLAW
Listing removed 2014-02-14
$399000
TheMLSCLAW
Listed 2014-01-28
$399000
TheMLSCLAW
Sold 2004-12-16
$255000
ITECH
Listed 2004-11-06
$255000
ITECH

Net Operating Income: 94775

Total Square Feet Living: 4429
Year Built: 1924
Common Walls: Attached
Levels: Two Level
Living Area Source: Estimated
Property Age: 100
Levels or Stories: 2
Building Total Stories: 2
House Style: Traditional
Year Built Source: Vendor Enhanced
Architectural Style: Traditional

Sewer: In Street

Other Equipment: Built-Ins
Security Features: Gated

Manual Arts Senior High School is a public high school located approximately 0.8 miles away.
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John Muir Middle School is a public middle school located approximately 1.1 miles away.
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Marguerite Poindexter Lamotte Elementary is a public elementary school located approximately 0.3 miles away.
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Joel John Scholastic Academy is a private middle and high school located approximately 0.6 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.