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856-858 W 47th St 856 W 47th St 4 Unit Apartment Building $1,400,000 ($350,000/Unit) 9.41% Cap Rate Los Angeles, CA 90037
Investment Highlights
- MASTER LEASE
- 8.25 GRM
- 9.41% CAP RATE
Executive Summary
Property Overview
856 W 47th St is a 4-unit multifamily investment located in a high-demand South Los Angeles rental submarket, offering strong day-one cash flow with additional income stability through government-supported tenancy. Built in 1914 and renovated in 2025, the 4,510-square-foot building sits on a 7,778-square-foot lot and features an in-demand unit mix of (4) 3-bedroom / 2-bath units, including two ADUs—providing durable tenant appeal and simplified management. The property is subject to rent control, while the ADU units provide additional operational flexibility.Offered at $1,400,000 ($350,000 per unit / $310.42 per square foot), the asset currently operates at approximately a 9.41% cap rate with an 8.25 GRM, supporting immediate cash flow and a compelling long-term hold strategy in a supply-constrained corridor of South Los Angeles.
THERE IS A MASTER LEASE WITH VA in place. 2 units NON RENT CONTROLLED
Investment Highlights:
• Strong Day-One Yield
• Stable Occupancy with Section 8–Supported Income
• Efficient Expense Profile
• Durable 3BR/2BA Unit Mix
• Modest Rent Upside Through Market Alignment
856 W 47th St is a 4-unit multifamily investment located in a high-demand South Los Angeles rental submarket, offering strong day-one cash flow with additional income stability through government-supported tenancy. Built in 1914 and renovated in 2025, the 4,510-square-foot building sits on a 7,778-square-foot lot and features an in-demand unit mix of (4) 3-bedroom / 2-bath units, including two ADUs—providing durable tenant appeal and simplified management. The property is subject to rent control, while the ADU units provide additional operational flexibility.Offered at $1,400,000 ($350,000 per unit / $310.42 per square foot), the asset currently operates at approximately a 9.41% cap rate with an 8.25 GRM, supporting immediate cash flow and a compelling long-term hold strategy in a supply-constrained corridor of South Los Angeles.
THERE IS A MASTER LEASE WITH VA in place. 2 units NON RENT CONTROLLED
Investment Highlights:
• Strong Day-One Yield
• Stable Occupancy with Section 8–Supported Income
• Efficient Expense Profile
• Durable 3BR/2BA Unit Mix
• Modest Rent Upside Through Market Alignment
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,400,000 | Building Class | C |
| Price Per Unit | $350,000 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,510 SF |
| Cap Rate | 9.41% | Average Occupancy | 25% |
| Gross Rent Multiplier | 8.25 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1914/2025 |
| Property Type | Multifamily | Parking Ratio | 0.89/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD2 - Restricted Density Multiple Dwelling | ||
| Price | $1,400,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 9.41% |
| Gross Rent Multiplier | 8.25 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,510 SF |
| Average Occupancy | 25% |
| No. Stories | 2 |
| Year Built/Renovated | 1914/2025 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | LARD2 - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $3,537 | 1,106 |
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Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5018-011-052 | Improvements Assessment | $159,181 |
| Land Assessment | $742,845 | Total Assessment | $902,026 |
Property Taxes
Parcel Number
5018-011-052
Land Assessment
$742,845
Improvements Assessment
$159,181
Total Assessment
$902,026
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856-858 W 47th St | 856 W 47th St
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