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Image 1 - 961 W 47th St, Los Angeles, California, 90037 - House for sale
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Home For Sale In Los Angeles, California
961 W 47th St, Los Angeles, California, 90037

Home For Sale In Los Angeles, California

house for sale
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Listed: 05/07/24

961 W 47th St, Los Angeles, California, 90037

8 Bed:
4 Bath:
2,772 Sq Ft Living Area:
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Price
$ 1,4M

About This House

Fantastic Investment Opportunity! This charming and well-maintained fourplex offers four units, each featuring 2 bedrooms and 1 bathroom. Recent upgrades include renovated kitchens and bathrooms in each unit. With close to2, 800sq. ft. of living space on an over6, 600sq. ft. lot, this property presents a lucrative investment potential. ZonedLARD3,the property also had previous permits for an ADU that have now expired, allowing for an additional 2 bed/1 bath unit to further increase income potential. Garage will be vacant upon closing. Conveniently located near the 110 Freeway, Downtown LA, Staples Center, LA Live, USC, museums, parks, and major restaurants, this property is an excellent investment opportunity. The property will be delivered with tenants in place, ensuring immediate rental income. Tenants are not aware of the sale, so please do not disturb them.

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Vermont Square Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.