Property listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian 310-425-9838
$1,400,000
856 W 47th St | 4-Unit Multifamily in South Los Angeles. Classic 1914 asset renovated in 2025 totaling 4,510 SF on a 7,778 SF LARD2 lot. The property features a desirable (4) 3-bed / 2-bath unit mix averaging approximately 1,106 SF and includes 4 on-site parking spaces. The asset is… Read More fully leased with tenants supported by Section 8 housing vouchers, providing reliable rent collections and stable day-one income. Two units are non-rent controlled ADUs, offering additional leasing flexibility over time. Offered at $1,400,000 ($350,000/unit | $310.42/SF) with a 9.41% in-place cap rate and 8.25 GRM, the property delivers strong current yield with modest additional upside as rents align toward market levels in a high-demand South Los Angeles rental corridor. Read Less
Listing Snapshot
Days Online
55
Last Updated
Beds
6
Square Ft.
2,686
Lot Size
0.18 Acres
Year Built
1914
MLS Number
26638301
Additional Details
Appliances & Equipment
Disposal, Microwave, Dryer
Building
Built in 1914, Living area: 2686.0, 2 buildings, Levels: MultiSplit
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $161,264, Net Operating Income: $131,764
Lot
0.1786 acres
Parking
4 total parking spaces, Driveway
Taxes
Parcel Number: 5018011052, Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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