856 W 47th Street
Property Overview
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. One unit is delivered vacant at close available to lease immediately at full market rent of $3,668 with no RFPA, no inherited lease. Two units are non-rent controlled ADUs, offering full rent reset flexibility at each vacancy. Offered at $1,375,000 ($343,750/unit | $304.88/SF) with an 8.29% in-place cap rate and 9.13 GRM, the property delivers strong current yield with meaningful additional upside as rents align toward market levels in a high-demand South Los Angeles rental corridor.
Home Details
- Property type
- Residential Income
- Year built
- 1914
- Living area
- 4,510 sq ft
- Lot size
- 7,780 sq ft
- Parking
- 4 spaces
- Days on market
- 167
- MLS status
- Active
- Zoning
- LARD2
Features & Amenities
Appliances
- Disposal
- Microwave
- Dryer
Parking
- Driveway
Community, Schools & Utilities
Utilities
- Heating
- WallFurnace
- Cooling
- WallWindowUnits
Location & Neighborhood
Frequently Asked Questions About 856 W 47th Street
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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