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603 W 47th St $2,300,000

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    603 W 47th St Los Angeles, CA 90037

    • 11 Beds
    • 8 Baths
    • 4,429 sq. ft.
    • Multi-Family
    • MLS# 24-356505
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    Views: 2 Days On Site: 13

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    Property Details

    Attention Investors and 1031 Exchangers: Profit-Generating Opportunity Awaits! Presenting a unique and lucrative four-unit property with market rents, this charming combination of Spanish-style duplex and modern duplex behind the gates will impress. The front units have been completely renovated, while the remaining units are newly constructed, all boasting excellent condition and market-value rents. Parking is plentiful, offering a combination of garages, carports, and open parking spaces to accommodate tenants comfortably. Comprising (2) 2-bedroom, 2-bathroom units, (1) 4-bedroom, 2-bathroom unit, and (1) 3-bedroom, 2-bathroom unit, each residence features open layouts with spacious kitchens and islands, perfect for modern living. Centrally located near public transportation and local freeways, this property is within minutes of USC University, the New Banc of California Stadium, Crypto.com Arena, and vibrant DTLA. Whether you're a seasoned investor or new to the market, this is an exceptional opportunity not to be missed. Reach out today for more details and secure your investment in this highly sought-after property!

    • General Features
      • County Los Angeles
    • Building Features
      • Total # of Baths 8.00
      • Total Bedrooms 11
      • Cooking Appliances Built-Ins
      • Cooling Wall Unit(s)
      • Flooring Laminate
      • Heating Wall
      • Kitchen Features Granite Counters
      • Laundry In Unit
      • Levels Two
      • Living Area 4429
      • Stories 2
    • Property Features
      • Covered Parking 2
      • Lot Description 2-4 Lots
      • Other Structures None
      • Pool Description None
      • Pool Y/N No
      • Sewer In Street
      • Spa None
      • View Description None

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    Neighborhood

    90037 (Los Angeles) Demographics

    32 Median Age
    23,748 Population Density (per sq. mile)
    13% College Educated
    $37,945 Estimated Median Income
    4,419 Estimated Total Home Owners
    13,344 Estimated Total Renters
    25% / 75% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    67,377 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $608,000 Median Sales Price
    6 Homes Sold
    30 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,300,000
        2/8/2024 5:54:00 PM New in Database Source: Multiple Listing Service New Value: $2,300,000

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        ** Assumes 7.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.