972 W 47th Street, Los Angeles, CA 90037
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
972 W 47th Street,Los Angeles, CA 90037
$1,100,000
- 12 Beds
- 7 Baths
- 4,300 sq. ft.
- Multi-family
- Active
Listed by: griffin white
Office: brc advisors- bh
MLS#:26989593
Source:CRMLS
Price summary
- Price:$1,100,000
- Price per sq. ft.:$255.81
About this home
We are pleased to offer 972 W. 47th Street, a fully occupied five-unit multifamily investment property located in Los Angeles, California 90037. The property offers an attractive unit mix consisting of three two-bedroom, one-bathroom units, and two three-bedroom, two-bathroom units. The improvements total approximately 4,300 rentable square feet and are situated on two adjacent parcels (APN #'s 5018-010-020 & 5018-010-023) totaling approximately 6,760-square-feet. The property also provides ample on-site parking for residents. Offered at $1,100,000, the property represents a stable, income-producing investment opportunity with an attractive 7.30 gross rent multiplier and a 9.07% capitalization rate. The property is currently fully occupied, providing an investor with immediate and consistent rental income from the date of acquisition. Recent capital improvements include all five of the units being recently renovated within the last five years prior to tenant move-in as well as a recently installed Ring security system. The property also allows future ADU potential with a large rear garage/storage area that can be converted to increase rental income (buyer to verify). With its strong current cash flow, favorable unit mix, recent improvements, and full occupancy, 972 W. 47th Street offers investors a compelling opportunity to acquire a stabilized multifamily asset at an attractive basis in the Los Angeles market....
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Home facts
- Year built:1914
- Listing ID #:26989593
- Added:8 day(s) ago
- Updated:September 26, 2026 at 10:50 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:7
- Living area:4,300 sq. ft.
Structure and exterior
- Year built:1914
- Building area:4,300 sq. ft.
- Lot area:0.16 Acres
- Levels:1 Story
Finances and disclosures
- Price:$1,100,000
- Price per sq. ft.:$255.81
Parking
- Total parking spaces:5
- Parking description:Driveway
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