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967 W 47th St 4 Unit Apartment Building $625,000 ($156,250/Unit) Los Angeles, CA 90037
INVESTMENT HIGHLIGHTS
- A true value-add opportunity with a 4-unit building is centrally located Near Exposition Park
- The units are separately metered for gas and electric meters, reducing ownership expenses
- Potential ADU options for ownership to create additional value
- 2-Bedroom/1-Bathroom Single Family Home on the lot
- Low basis pricing at $222/SF and $156,500/Unit for a desirable unit mix
- Significant upside in rents
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$43,812
|
$15.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,314
|
$0.47
|
| Effective Gross Income |
$42,498
|
$15.16
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$17,305
|
$6.17
|
| Net Operating Income |
$25,193
|
$8.99
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $43,812 |
| Annual Per SF | $15.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,314 |
| Annual Per SF | $0.47 |
| Effective Gross Income | |
|---|---|
| Annual | $42,498 |
| Annual Per SF | $15.16 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $17,305 |
| Annual Per SF | $6.17 |
| Net Operating Income | |
|---|---|
| Annual | $25,193 |
| Annual Per SF | $8.99 |
PROPERTY FACTS Under Contract
| Price | $625,000 | Property Subtype | Apartment |
| Price Per Unit | $156,250 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Gross Rent Multiplier | 14.27 | Building Size | 2,803 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1907 |
| Zoning | RD3 - Residential | ||
| Price | $625,000 |
| Price Per Unit | $156,250 |
| Sale Type | Investment |
| Gross Rent Multiplier | 14.27 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 2,803 SF |
| No. Stories | 1 |
| Year Built | 1907 |
| Zoning | RD3 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 5018-009-021 | Improvements Assessment | $234,257 (2025) |
| Land Assessment | $557,756 (2025) | Total Assessment | $792,013 (2025) |
PROPERTY TAXES
Parcel Number
5018-009-021
Land Assessment
$557,756 (2025)
Improvements Assessment
$234,257 (2025)
Total Assessment
$792,013 (2025)
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967 W 47th St
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