856 W 47th St - Apartments FOR SALE


Los Angeles, CA 90037- Vermont Harbor
$1,400,000 USD
916-996-4421
856 W 47th St, Los Angeles, CA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/38
null | 9.41% Cap Rate

856 W 47th St
Los Angeles, CA 90037
Vermont Harbor


OVERVIEW

Property Overview 856 W 47th St is a 4-unit multifamily investment located in a high-demand South Los Angeles rental submarket, offering strong day-one cash flow with additional income stability through government-supported tenancy. Built in 1914 and renovated in 2025, the 4,510-square-foot building sits on a 7,778-square-foot lot and features an in-demand unit mix of (4) 3-bedroom / 2-bath units, including two ADUs—providing durable tenant appeal and simplified management. The property is subject to rent control, while the ADU units provide additional operational flexibility.Offered at $1,400,000 ($350,000 per unit / $310.42 per square foot), the asset currently operates at approximately a 9.41% cap rate with an 8.25 GRM, supporting immediate cash flow and a compelling long-term hold strategy in a supply-constrained corridor of South Los Angeles. Investment Highlights: • Strong Day-One Yield • Stable Occupancy with Section 8–Supported Income • Efficient Expense Profile • Durable 3BR/2BA Unit Mix • Modest Rent Upside Through Market Alignment

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

4

PRICE/UNIT

$350,000

CAP RATE

9.41%

% LEASED

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

856-858 W 47th St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,708 SF

ZONING

LARD2

APN/PARCEL ID

5018-011-052

ASK ABOUT THIS PROPERTY

Taylor AvakianLyon Stahl Investment Real EstateMore Info
916-996-4421

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Taylor AvakianLyon Stahl Investment Real EstateMore Info
916-996-4421

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.