856 W 47th Street, Los Angeles, CA 90037
List Price: $1.4M
Listing Status: ActiveUnderContract
0Days on Market: 106
6 Bedrooms · 2 Bathrooms · 2,686 sq ft
Property Type: ResidentialIncome
Year Built: 1914
Lot Size: 7,780 sq ft
MLS Number: 26638301
About This Property
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.
Listing provided by: Taylor Avakian DRE #02060040 310-425-9838 taylor@lyonstahl.com, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS #: 26638301
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.