1111 W 47th Street, Los Angeles, CA 90037
1111 W 47th Street, Los Angeles, CA 90037
1111 W 47th Street, Los Angeles, CA 90037
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Pamela Oettel

Pamela Oettel

+1(510) 703-8636
$750,000
Est. payment /mo
2,863 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 2,863 sqft

Price per Sqft $261

MLS Listing ID CL26863143

HOA Y/N No

Year Built 1927

Lot Size 7,389 Sqft

Acres 0.1696

Property Sub-Type Other

Property Description

We are pleased to present the opportunity to acquire 1111 W. 47th Street, a value-add five-unit multifamily investment located in the Vermont Square neighborhood of South Los Angeles. Offered below replacement cost, the property provides investors with the opportunity to acquire a well-located, income-producing asset featuring significant rental upside, operational flexibility, and long-term value creation.Built in 1927, the property consists of three separate structures totaling approximately 2,863 square feet of rentable space on a 7,387-square-foot lot. The unit mix includes (3) 1bd/1bd units and (2) 2bd/1ba units, with (1) 1bd unit (detached cottage) to be delivered vacant, providing an immediate opportunity to renovate and lease at market rents.The property also includes (4) single-car garages, which are currently utilized for storage. Based on current market conditions, investors have the opportunity to capture approximately 68% rental upside while exploring the potential to convert the existing garage configuration into one or more Accessory Dwelling Units (ADUs), creating additional rental income and enhancing the property's long-term value (Buyer to Verify).Located three blocks south of W. Vernon Ave. and two blocks west of S. Vermont Ave, the property benefits from access to major transportation corridors, employment centers, educational institutions, and neighborhood amenities, providing strong connectivity throughout Los Angeles.

Location

State CA

County Los Angeles

Zoning LAR1

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Building

New Construction No

Others

Tax ID 5017019010

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Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Sevak Keshishian • Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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