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Listed by Brenda Hailey • eXp Realty of Greater Los Angeles, Inc.
$1,698,000
Est. payment /mo
12 Beds
8 Baths
4,510 SqFt
New
856 W 47th ST Los Angeles, CA 90037
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,510 sqft
Price per Sqft $376
MLS Listing ID CRBB25199705
Bedrooms 12
Full Baths 8
Year Built 2025
Lot Size 7,778 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Don't miss this rare opportunity to own an income generating fourplex in one of Los Angeles' most rapidly developing neighborhoods near USC! This exceptional property combines brand-new construction (2 units, built in 2025) and upgraded existing units (2 units) for a combined 4-unit investment property. The property has 3 units available for rent and 1 unit paying rent, making it ideal for investors looking to identify their own tenants and maximize cash flow. With a cap rate of 7.13% and a gross rent multiplier (GRM) of 10.95, this asset presents strong current returns and long-term appreciation in a high-demand rental market. This property is one of three 4-unit investment properties in the same area available in the portfolio-offering great opportunity for buyers looking to invest in an individual or multiple income-generating assets. At the rear of the property sits a newly built (2025) duplex, featuring two beautifully designed 3-bedroom, 2-bathroom units-each 912 square feet. These modern residences offer stylish vinyl plank flooring, quartz countertops, dual-pane energy-efficient windows, new water heaters, in-unit washer/dryer hookups, and fully paid-off solar panels for long-term energy savings. These units are not subject to rent control. The front du
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD2
Rooms
Kitchen Oven Range - Gas
Interior
Heating Multi Type, Central Forced Air
Cooling Central AC, Window / Wall Unit
Fireplaces Type None
Laundry 30, 38
Exterior
Parking Features Uncovered Parking
Fence 2
Pool 31, None
View None
Roof Type Shingle
Building
Water District - Public
Others
Tax ID 5018011052
Special Listing Condition Not Applicable
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