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814-816 1/2 W 47th St 4 Unit Apartment Building $2,079,000 ($519,750/Unit) 6.13% Cap Rate Los Angeles, CA 90037
Executive Summary
We are pleased to present this new construction, 2020 year build 4-unit apartment community located at 816 W 47th St offered at a 12.74 GRM and 6.13% CAP on current rents with upside potential to achieve a 10.65 GRM and 7.39% CAP with proforma rents.
This opportunity consists of two, two-story duplexes offering a total of 6,446 rentable square feet which sit on an 8,534 square foot LARD2 zoned lot with ±6 onsite uncovered parking spaces in the rear. The unit mix consists of four (4) massive four bedroom three-bathroom units that average ±1,611 square feet each. ALL UTILITIES are paid for by the tenants!
Nearby amenities include the Gilbert Lindsay Recreation Center, Trader Joe’s, the Ross Snyder Recreation Center, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.
This opportunity consists of two, two-story duplexes offering a total of 6,446 rentable square feet which sit on an 8,534 square foot LARD2 zoned lot with ±6 onsite uncovered parking spaces in the rear. The unit mix consists of four (4) massive four bedroom three-bathroom units that average ±1,611 square feet each. ALL UTILITIES are paid for by the tenants!
Nearby amenities include the Gilbert Lindsay Recreation Center, Trader Joe’s, the Ross Snyder Recreation Center, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$127,493
|
$15.00
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $127,493 |
| Annual Per SF | $15.00 |
Property Facts
| Price | $2,079,000 | Apartment Style | Low-Rise |
| Price Per Unit | $519,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 6.13% | Building Size | 6,446 SF |
| Gross Rent Multiplier | 12.74 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Parking Ratio | 0.93/1,000 SF |
| Zoning | LARD2 | ||
| Price | $2,079,000 |
| Price Per Unit | $519,750 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| Gross Rent Multiplier | 12.74 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 6,446 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2020 |
| Parking Ratio | 0.93/1,000 SF |
| Zoning | LARD2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 4 | $3,400 | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5018-011-054 | Improvements Assessment | $1,407,161 |
| Land Assessment | $920,066 | Total Assessment | $2,327,227 |
Property Taxes
Parcel Number
5018-011-054
Land Assessment
$920,066
Improvements Assessment
$1,407,161
Total Assessment
$2,327,227
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814-816 1/2 W 47th St
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