856 W 47th Street, Los Angeles, CA 90037

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
856 W 47th Street,Los Angeles, CA 90037
$1,400,000
  • 6 Beds
  • 2 Baths
  • 2,686 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.
MLS#:26638301
Source:CRMLS

Price summary

  • Price:$1,400,000
  • Price per sq. ft.:$521.22

About this home

856 W 47th St | 4-Unit Multifamily in South Los Angeles. Classic 1914 asset renovated in 2025 totaling 4,510 SF on a 7,778 SF LARD2 lot. The property features a desirable (4) 3-bed / 2-bath unit mix averaging approximately 1,106 SF and includes 4 on-site parking spaces. The asset is fully leased with tenants supported by Section 8 housing vouchers, providing reliable rent collections and stable day-one income. Two units are non-rent controlled ADUs, offering additional leasing flexibility over time. Offered at $1,400,000 ($350,000/unit | $310.42/SF) with a 9.41% in-place cap rate and 8.25 GRM, the property delivers strong current yield with modest additional upside as rents align toward market levels in a high-demand South Los Angeles rental corridor.

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Home facts

  • Year built:1914
  • Listing ID #:26638301
  • Added:54 day(s) ago
  • Updated:March 10, 2026 at 05:35 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Kitchen Description:Disposal, Microwave
  • Living area:2,686 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1914
  • Building area:2,686 sq. ft.
  • Lot area:0.18 Acres

Finances and disclosures

  • Price:$1,400,000
  • Price per sq. ft.:$521.22

Features and amenities

  • Appliances:Disposal, Dryer
  • Laundry features:Dryer
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