Property Overview 856 W 47th St is a 4-unit multifamily investment located in a high-demand South Los Angeles rental submarket, offering strong in-place yield with meaningful upside through organic rent growth. 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 averaging 1,106 square feet. Two of the four units are non-rent controlled ADUs, providing ownership flexibility that most rent-controlled fourplexes in this submarket cannot offer. One unit is currently vacant, providing an incoming owner with immediate lease-up opportunity at full market rent of $3,668. Offered at $1,375,000 ($343,750 per unit / $304.88 per square foot), the asset operates at an 8.29% current cap rate with a 9.13 GRM, growing to a 10.04% cap rate and 7.81 GRM at market rents — a path driven entirely by organic lease-up with no capital improvement program required. Investment Highlights: • Strong Day-One Yield • Vacant Unit Delivered at Close — Your Tenant, Your Terms • Built-In Rent Growth with ADU Flexibility • Strong Pro Forma Returns • Efficient Expense Profile • Live for Free from Day One