961 W 47Th Street

Los Angeles, CA 90037

PRICE REDUCED

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-$101,000 (-7.21%)

$1,299,000

List Price

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1913

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Property Description

Fantastic Investment Opportunity! This charming and well-maintained fourplex offers four units, each featuring 2 bedrooms and 1 bathroom. Recent upgrades include renovated kitchens and bathrooms in each unit. With close to 2,800 sq. ft. of living space on an over 6,600 sq. ft. lot, this property presents a lucrative investment potential. Zoned LARD3, the property also had previous permits for an ADU that have now expired, allowing for an additional 2 bed/1 bath unit to further increase income potential. Garage will be vacant upon closing. Conveniently located near the 110 Freeway, Downtown LA, Staples Center, LA Live, USC, museums, parks, and major restaurants, this property is an excellent investment opportunity. The property will be delivered with tenants in place, ensuring immediate rental income. Tenants are not aware of the sale, so please do not disturb them.

Listing Information

List Price $1,299,000
Status Active
MLS SR24086410
Type Residential Income
Subtype Quadruplex
Year Built 1913
Lot Size 6,685
Structure Size N/A
DOM 34
Courtesy Of Coldwell Banker Realty
Listing Agent Michael Massa DRE#02082631
Co-Listing Agent Brian Mallasch DRE#01748272

Interior Features

Laundry Information
Location(s) Washer Hookup, Electric Dryer Hookup
Total Bedroom
Bedrooms N/A
Total Bathroom
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Exterior Information

Maps

Listing information courtesy of: Michael Massa, Brian Mallasch, Coldwell Banker Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 21st, 2024 at 9:32 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.