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$785,000   Price Analysis
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488 E 47th St
Los Angeles, CA 90011
5 bed 3 bath 2,473 SqFt ($317/SqFt)
6,117SqFt lot. Built 1922
Listed 2024-05-17, Taxes $5,690
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

This is an excellent opportunity to purchase a triplex located in the high rental demand area

South of Downtown Los Angeles. The location is minutes to Downtown Los Angels, Staples Center/South Park, USC, Exposition Park, etc.

Great opportunity for investment or owner-occupied property.


Presented by Moussa Mehdizadeh at
Andrew C. Lee.


Property MLS #24-393477 from TheMLSCLAW

Bedrooms: 5

Total Bathrooms: 3
Full Bathrooms: 3

Lot Size Acres: 0.140427
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6117

Garage Description: Driveway

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 3
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2000, 2 BathsTotal: 1, 2 SquareFeet: 1500

Gross Income: 47664

Source Listing Status: Active
County: Los Angeles
Cross Street: West of Avalon Blvd.
Directions: West of Avalon Blvd.
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5109-019-021
Postal Code Plus 4: 3902
Zoning: LAR2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$206,369 + $245,413
$451,782
$5,690
2021$202,323 + $240,601
$442,924
$5,611
2020$200,249 + $238,134
$438,383
$5,663
2019$196,323 + $233,465
$429,788
$5,449
2018$192,474 + $228,888
$421,362
$5,367
2017$188,700 + $224,400
$413,100
$5,252
2016$185,000 + $220,000
$405,000
$5,113
2015$103,790 + $127,873
$231,663
$2,964
2014$101,757 + $125,369
$227,126
$2,992
2013$101,298 + $124,803
$226,101
$2,992
2012$99,312 + $122,356
$221,668
$3,118
2010$97,365 + $119,957
$217,322
$2,152
2009$79,116 + $72,076
$151,192
$2,078
2009$78,928 + $71,905
$150,833
$2,078
2008$77,565 + $70,663
$148,228
$1,999
2007$76,045 + $69,278
$145,323
$1,925

Listed 2024-05-17
$785,000
TheMLSCLAW
Listing removed 2024-01-02
$0
TheMLSCLAW
Listed 2023-06-22
$785,000
TheMLSCLAW
Listing removed 2022-12-27
$0
TheMLSCLAW
Listed 2022-10-17
$800,000
TheMLSCLAW
Listing removed 2022-07-01
$0
TheMLSCLAW
Relisted 2022-05-14
$737,000
TheMLSCLAW
Listing removed 2022-04-15
$0
TheMLSCLAW
Relisted 2022-03-25
$737,000
TheMLSCLAW
Listing removed 2022-02-24
$0
TheMLSCLAW
Listed 2022-01-24
$737,000
TheMLSCLAW
Sold 2017-06-23
$405,000
CRMLS
Sold 2015-07-16
$405,000
Public Record
Listed 2015-04-22
$399,900
CRMLS
Sold 1980-10-16
$65,000
Public Record

Net Operating Income: 33364

Total Square Feet Living: 2473
Year Built: 1922
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 102
Year Built Source: Vendor Enhanced

Forty-Ninth Street Elementary School is a public elementary school located approximately 0.3 miles away.
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George Washington Carver Middle School is a public middle school located approximately 0.4 miles away.
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Nava College Preparatory Academy is a public high school located approximately 1.1 miles away.
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Alliance College-Ready Middle Academy 12 is a private middle school located approximately 0.4 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.