1047 E 33rd Street, Los Angeles, CA 90011

Local realty services provided by:Nelson Shelton Real Estate ERA Powered
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

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
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