816 W 47th St Los Angeles, CA 90037
Property details
About 816 W 47th St
816 W 47th Street presents a rare opportunity to acquire a 2020 construction 4-unit property in a high-demand pocket of South Los Angeles, just minutes from USC and Downtown LA. With no rent control, modern construction, and minimal maintenance requirements, this asset is well-positioned for both seasoned investors and 1031 exchange buyers seeking long-term stability with built-in upside. The property consists of two separate buildings and offers an ideal unit mix of four 4-bedroom/3-bath units, totaling 6,446 rentable square feet on an 8,534 SF lot. Current operations yield a 4.17% in-place CAP rate and 15.50 GRM, with approximately 24% rental upside. At market rents, the asset is projected to deliver a 5.67% CAP and a 12.50 GRM, making it a strong performer in today’s market. Additional features include eight outdoor parking spaces—providing ample tenant convenience—and a layout that supports both family-oriented and co-living rental strategies. Ideally located near major transit corridors, freeways, and employment hubs, 816 W 47th Street offers direct access to the 110 Freeway, Metro lines, and the broader Downtown LA area. With excellent unit sizes, strong in-place income, and non-rent-controlled flexibility, this property stands out as a premier investment in a rapidly evolving urban corridor.
Highlights
Summary
- Full Bathrooms: 12
- Interior: All Bedrooms Up
- Fireplace: None
- Total Bedroom Count: 16
- Private Pool: No
- Heating: Central
- Cooling: Central Air
- List Price: $2,400,000
- Price/SqFt: $372
- HOA Amount: $0
- Annual Tax Amount: $28,170
- Tax Year: 2024
- Directions: On the corner of Wesley Ave and W 47th St.
- Year Built: 2020
- Stories: 2
- Living Area: 6,446 SqFt
- Lot Size: 0.1959 Acres
- MLS Number: SB25119147
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 780-1899
- Listing Agent: Brett Lyon
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/4/2025, 4:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,400,000
816 W 47th St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 18, 2021 | Home Sold | $2,150,000 |
| Sep 23, 2019 | Home Sold | $700,000 |
| May 10, 2018 | Home Sold | $497,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,281,596 | $28,170 |
| 2023 | $2,236,860 | $27,630 |
| 2022 | $2,193,000 | $26,120 |
| 2021 | $707,251 | $8,728 |
| 2020 | $700,000 | $6,367 |
| 2019 | $506,940 | $1,693 |
| 2018 | $122,961 | $1,661 |
| 2017 | $120,551 | $1,661 |
History based on county public records data.
Nearby schools
3
Marguerite Poindexter LaMotte Elementary School
Public District KG-5
0.2 mi
•4410 Orchard Ave
3
52nd Street Elementary School
Public District KG-5
0.3 mi
•816 W 51st St
3
Icef Innovation los Angeles Charter
Public Charter KG-5
0.3 mi
•5029 S Vermont Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,566. The most common annual income of people living in Los Angeles, CA is less than $<35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
Burlington
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
White Castle
What do the neighbors drive?
Nissan
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Frequently asked questions
About 816 W 47th St
The listing price of 816 W 47th St property is $2,400,000.
The property 816 W 47th St is a multi located in Los Angeles, California, 90037.
Active Listing: 816 W 47th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 816 W 47th St are: Marguerite Poindexter LaMotte Elementary School (GreatSchools Rating 3/10), 52nd Street Elementary School (GreatSchools Rating 3/10), Icef Innovation los Angeles Charter (GreatSchools Rating 3/10), Isana Himalia Academy (GreatSchools Rating 4/10), Alliance College-Ready Middle Academy 12 (GreatSchools Rating 4/10), John Muir Middle School (GreatSchools Rating 2/10), Manual Arts High School (GreatSchools Rating 3/10), Alliance Patti and Peter Neuwirth Leadership Academy (GreatSchools Rating 8/10), Ednovate - Usc Hybrid High College Preparatory (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $28,170 (source: MLS/based on county public records data).
The last sale was on June 18, 2021 for $2,150,000 (source: MLS/tax record).
The property 816 W 47th St is 6,446 SqFt (source: MLS/tax record).
The year of construction for 816 W 47th St is 2020.
This home is located at 816 W 47th St in Los Angeles, CA and zip code 90037 in the South LA neighborhood. This 6,446 square foot home, which was built in 2020, sits on a 0.20 acre lot. Features: 16 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since May 30, 2025 and is currently priced at $2,400,000.
Los Angeles, CA housing market in May 2025 saw over 325 listings sold above listed price, more than 134 sold at listed price and over 319 sold below. The number of homes for sale in Los Angeles, CA increased by 8.7% between April and May 2025. The median list price of listings available in May 2025 was $871,794, while the average time on the real estate market was 34 days.