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- LoopNet Team
967 W 47th St
Los Angeles, CA 90037
967 W 47th St · Land For Sale
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0.15 AC
Investment Highlights
- • A true value-add opportunity with a 4-unit building is centrally located on 47th Street, just east of Vermont Avenue and south of Vernon Avenue
- • The units are separately metered for gas and electric meters, reducing ownership expenses
- • The property offers significant upside in rents
- • The 4-Unit apartment community is spread across three separate structures on a 6,682 square foot lot
- • Infill and dense rental location near Exposition Park and a short drive to Downtown LA and USC, which creates a high rental demand location
Property Facts
| Property Type | Land | Total Lot Size | 0.15 AC |
| Property Subtype | Residential | ||
| Zoning | RD3 - Residential | ||
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.15 AC |
| Zoning | RD3 - Residential |
Description
Nami Investment Group is proud to present a true value-add opportunity with a four-unit apartment community located on 47th Street, just east of Vermont Avenue and south of Vernon Avenue near Exposition Park in Los Angeles. The offering consists of three separate structures situated on a generous 6,682 square foot lot, giving investors flexibility and potential for future redevelopment. Each unit is separately metered for gas and electricity, helping to keep operating expenses low and improving overall cash flow. The property is ideally positioned in a dense, high-demand rental market near Downtown Los Angeles, and USC, ensuring strong tenant demand and long-term stability. Investors will appreciate the significant upside in rents. This combination of location, existing income, and future potential makes it a compelling acquisition for value-focused investors.
Property Taxes
| Parcel Number | 5018-009-021 | Improvements Assessment | $234,257 |
| Land Assessment | $557,756 | Total Assessment | $792,013 |
Property Taxes
