967 W 47th St - Apartments FOR SALE


Los Angeles, CA 90037- Vermont Harbor
$625,000 USD
310-279-7779
967 W 47th St, Los Angeles, CA for Sale
$625,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

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


HIGHLIGHTS

  • A true value-add opportunity with a 4-unit building is centrally located Near Exposition Park
  • 3-Bedroom/2-Bathroom Single Family Home on the lot
  • The units are separately metered for gas and electric meters, reducing ownership expenses
  • Low basis pricing at $222/SF and $156,500/Unit for a desirable unit mix
  • Potential ADU options for ownership to create additional value
  • Significant upside in rents

OVERVIEW

Nami Investment Group is proud to present a true value-add opportunity with a four-unit apartment community located on 47th Street, just east of Vermont Avenue and south of Vernon Avenue near Exposition Park in Los Angeles. The offering consists of three separate structures situated on a generous 6,682 square foot lot, giving investors flexibility and potential for future redevelopment. Each unit is separately metered for gas and electricity, helping to keep operating expenses low and improving overall cash flow. The property is ideally positioned in a dense, high-demand rental market near Downtown Los Angeles, and USC, ensuring strong tenant demand and long-term stability. Investors will appreciate the significant upside in rents. This combination of location, existing income, and future potential makes it a compelling acquisition for value-focused investors.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

4

PRICE/UNIT

$156,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RD3

APN/PARCEL ID

5018-009-021

ASK ABOUT THIS PROPERTY

Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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