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856 W 47th Street, 
Los Angeles, CA 90037

$1,698,000


12

Beds


8

Baths


4,510

Sq Ft


Multi-Family

Active

Listed by

Brenda Hailey

eXp Realty Of Greater Los Angeles, Inc.

888-652-1314

Last updated:

September 10, 2025, 05:46 PM

MLS#

BB25199705

Source:

CRMLS

About This Home

856 W 47th Street

Don’t miss this rare opportunity to own an income generating fourplex in one of Los Angeles’ most rapidly developing neighborhoods near USC! This exceptional property combines brand-new construction (2 units, built in 2025) and upgraded existing units (2 units) for a combined 4-unit investment property. The property has 3 units available for rent and 1 unit paying rent, making it ideal for investors looking to identify their own tenants and maximize cash flow. With a cap rate of 7.13% and a gross rent multiplier (GRM) of 10.95, this asset presents strong current returns and long-term appreciation in a high-demand rental market. This property is one of three 4-unit investment properties in the same area available in the portfolio—offering great opportunity for buyers looking to invest in an individual or multiple income-generating assets. At the rear of the property sits a newly built (2025) duplex, featuring two beautifully designed 3-bedroom, 2-bathroom units—each 912 square feet. These modern residences offer stylish vinyl plank flooring, quartz countertops, dual-pane energy-efficient windows, new water heaters, in-unit washer/dryer hookups, and fully paid-off solar panels for long-term energy savings. These units are not subject to rent control. The front duplex built in 1914 has been thoughtfully upgraded and includes two spacious 3-bedroom, 2-bathroom units, each over 1,300 square feet. These units also feature dedicated laundry rooms with washer/dryer hookups and updated interiors, providing comfort and convenience for tenants. The property has plenty of onsite parking as well as it is an oversized lot exceeding 7,770 square feet in the heart of Los Angeles. The property has undergone significant infrastructure upgrades, including a modernized electrical system with separate electric meters and sub panels for each unit, as well as all-copper plumbing throughout. A 5-minute drive to the University of Southern California (USC), and close proximity to Downtown Los Angeles including Crypto Arena, LA LIVE, this property is perfectly positioned in a high-demand rental market. With easy access to major freeways and everyday amenities, this turn-key property is perfect for seasoned or first-time investors seeking solid returns, low maintenance, and a prime location for continued growth.

Home Facts

Multi-Family

8 Baths

12 Bedrooms

Built in 2025

Price Summary

1,698,000

$376 per Sq. Ft.

MLS #:

BB25199705

Last Updated:

September 10, 2025, 05:46 PM

Added:

9 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

8

Interior

Living Area:

4,510 Sq. Ft.


Structure

Structure

Building Area:

4,510 Sq. Ft.

Year Built:

2025


Lot

Lot Size (Sq. Ft):

7,779


Finances & Disclosures

Finances

Price:

$1,698,000

Price per Sq. Ft:

$376 per Sq. Ft.

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of September 10, 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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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.