1047 E 33rd Street, Los Angeles, CA 90011

Local realty services provided by:ERA North Orange County Real Estate
1047 E 33rd Street,Los Angeles, CA 90011
$1,250,000
  • 11 Beds
  • 8 Baths
  • 4,615 sq. ft.
  • Multi-family
  • Active
Listed by:benjamin lee
Office:marcus & millichap
MLS#:25599399
Source:CRMLS

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$270.86

About this home

We are pleased to present 1047 E 33rd Street, an 8-unit apartment building located just south of Downtown Los Angeles. The property features two brand-new ADUs and six on-site parking spaces, offering investors a rare combination of modern upgrades and reliable tenant demand in a dense infill location. Priced at just $156,250 per unit and $270 per square foot, the building delivers immediate income at a 6.55% in-place cap rate and 8.67 GRM, with pro forma rents supporting a 13.70% cap rate and 5.25 GRM. Several units remain below market, presenting over 40% upside potential through organic turnover or a cash-for-keys program, while the two new ADUs and secure parking provide long-term competitive advantages in tenant retention and investment stability. The mix of singles, one-bedrooms, and two-bedrooms appeals broadly to USC students, young professionals, and families seeking proximity to Downtown employment centers, Exposition Park, and major transit lines. In addition, the property

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Home facts

  • Year built:1925
  • Listing ID #:25599399
  • Added:1 day(s) ago
  • Updated:September 30, 2025 at 06:25 PM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:8
  • Living area:4,615 sq. ft.

Heating and cooling

  • Heating:Central Furnace

Structure and exterior

  • Year built:1925
  • Building area:4,615 sq. ft.
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$270.86
Based on information from California Regional Multiple Listing Service, Inc. as of October 1, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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