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1111 W 47th Street

Los Angeles, CA 90037
Mark as Favorite
Bed 7

Bed

Bath 5

Bath

SqFt2,863

Sqft

SqFt7,389

Sqft(Lot)

We are pleased to present the opportunity to acquire 1111 W. 47th Street, a value-add five-unit multifamily investment located in the Vermont Square neighborhood of South Los Angeles. Offered below replacement cost, the property provides investors with the opportunity to acquire a well-located, income-producing asset featuring significant rental upside, operational flexibility, and long-term value creation.Built in 1927, the property consists of three separate structures totaling approximately 2,863 square feet of rentable space on a 7,387-square-foot lot. The unit mix includes (3) 1bd/1bd units and (2) 2bd/1ba units, with (1) 1bd unit (detached cottage) to be delivered vacant, providing an immediate opportunity to renovate and lease at market rents.The property also includes (4) single-ca r garages, which are currently utilized for storage. Based on current market conditions, investors have the opportunity to capture approximately 68% rental upside while exploring the potential to convert the existing garage configuration into one or more Accessory Dwelling Units (ADUs), creating additional rental income and enhancing the property's long-term value (Buyer to Verify).Located three blocks south of W. Vernon Ave. and two blocks west of S. Vermont Ave, the property benefits from access to major transportation corridors, employment centers, educational institutions, and neighborhood amenities, providing strong connectivity throughout Los Angeles.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $750,000

AD Id : 88297360

MLS Id : 26863143

Beds : 7

Lot Size : 7,389 Sqft

Living Area Size : 2,863

Year Built : 1927

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 5
  • Interior Features

    Appliances: Disposal
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Cooling: None

  • Building Information

    Year Built: 1927
    Building Area Total: 2863
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 7389 Lot Size Acres: 0.1696 Lot Size Square Feet: 7,389

  • Listing Price Information

    Listing Price: $750000

  • Tax Information

    Parcel Number: 5017019010

  • Location Information

    Direction: I-10 E toward Los Angeles, Take the Western Ave/Normandie Ave exit, Use the right lane to take the ramp to Normandie Ave, Use the right lane to turn slightly right onto the Normandie Ave ramp, Turn right onto Normandie Ave, Turn left onto W Vernon Ave, Turn right onto S Budlong Ave, Turn left onto W 47th St. Property is on the left
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
158 W Martin Luther Kin.., Los Angeles, CA, 90037 $1,049,000 -- -- 3,723 3,723 SqFt
136 W 43rd Place, Los Angeles, CA, 90037 $769,900 3 2 1,080 1,080 SqFt
160 W 48th, Los Angeles, CA, 90037 $689,900 3 3 1,152 1,152 SqFt
227 W 52nd Street, Los Angeles, CA, 90037 $500,000 4 2 1,500 1,500 SqFt
142 W 58th Street, Los Angeles, CA, 90037 $485,000 2 1 964 964 SqFt
4305 S Flower Street, Los Angeles, CA, 90037 $780,000 4 2 1,890 1,890 SqFt
4313 S Flower Street, Los Angeles, CA, 90037 $695,000 3 1 1,344 1,344 SqFt
4260 S Figueroa Street, Los Angeles, CA, 90037 $1,100,000 4 4 4,516 4,516 SqFt
602 W 40th Place, Los Angeles, CA, 90037 $1,600,000 10 -- 3,692 3,692 SqFt
324 W 51st St, Los Angeles, CA, 90037 $1,900,000 -- -- 5,193 5,193 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/24/2026 @ 13:32

MLS: 26863143 LISTED BY: Sevak Keshishian, Marcus & Millichap 818-212-2700 SOURCE: CRMLS

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