856 W 47th Street
Los Angeles, CA 90037
12
Bed
8
Bath
4,510Sqft
7,780Sqft(Lot)
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. One unit is delivered vacant at close available to lease immediately at full market rent of $3,668 with no RFPA, no inherited lease. Two units are non-rent controlled ADUs, offering full rent reset flexibility at each vacancy. Offered at $1,375,000 ($343,750/unit | $304.88/SF) with an 8.29% in-place cap rate and 9.13 GRM, the property delivers strong current yield with meaningful additional upside as rents align toward market levels in a high-demand South Los Angeles rental corridor.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 12Bathroom Information
Total Baths: 8 -
Interior Features
Appliances: Disposal, Microwave, Dryer -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Year Built: 1914Building Area Total: 4510Private Pool: No
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Lot Information
Main Square Feet: 7780 Lot Size Acres: 0.1786 Lot Size Square Feet: 7,780
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Listing Price Information
Listing Price: $1375000Original Price: $1400000
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Tax Information
Parcel Number: 5018011052
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Virtual Tour
Parking Information
Parking Total: 4 Driveway
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Location Information
Direction: Along 47th St and S Hoover St
How much is this property worth?
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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 | $729,900 | 3 | 2 | 1,080 | 1,080 SqFt |
| 160 W 48th, Los Angeles, CA, 90037 | $689,900 | 3 | 3 | 1,152 | 1,152 SqFt |
| 336 W 45th Street, Los Angeles, CA, 90037 | $930,000 | 5 | 3 | 1,728 | 1,728 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 | 5 | 3,692 | 3,692 SqFt |
| 324 W 51st St, Los Angeles, CA, 90037 | $1,900,000 | -- | -- | 5,193 | 5,193 SqFt |
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ByOwner last updated this listing 08/11/2026 @ 11:34
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