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$1,999,000

Beds
11
sq ft
4,278

603 W 47th St, Los Angeles, CA 90037

603 W 47th St

Los Angeles, CA 90037

  • 19 days on market
Exceptional Four-Unit Investment Property with High Market-Rate Rents & Prime LA Location. Unlock the potential of this high-performing, fully upgraded four-unit property, a rare opportunity for investors seeking strong cash flow and long-term appreciation. This standout asset seamlessly blends classic charm and modern sophistication, offering the perfect combination of style, convenience, and profitability. Behind the secure gated entry, you'll find a beautifully restored Spanish-style duplex in the front and a newly constructed modern duplex in the rear, featuring two garages and a covered carport, a premium feature in this high-demand rental market. Property Highlights: (2) Two-bedroom, two-bath units (1) Four-bedroom, two-bath unit with an extra-large bonus room (1) Three-bedroom, two-bath unit Stylish, open-concept layouts with chef's kitchens, oversized islands, and high-end finishes. Ample parking, including garages, carports, and open spaces, ensures convenience for tenants. Prime central location with easy access to USC, Banc of California Stadium, Crypto.com Arena, major freeways, public transit, and Downtown LA Smart Investment Opportunity. This turnkey, income-generating property is designed for maximum rental appeal in one of LA's most sought-after neighborhoods. With market-rate rents, high tenant demand, and appreciating property values, this is an unbeatable opportunity for investors looking to expand their portfolio with a premium, cash-flowing asset. Don't miss out! Contact us today to schedule a private tour and secure this incredible investment.

Details

Property type

Est. home value

$952,792

Property condition

Updated/Remodeled

Lot size

8,276 sq ft

Price per sq ft

$468

Year built

1924

HOA

No

Price History

03/12/2025
CLAW

CLAW #25510483

Listed
$1,999,000
-6.26%
11/10/2024
CLAW

CLAW #24356505

Removed
$2,132,500
11/01/2024
CLAW

CLAW #24356505

Price change
$2,132,500
-0.12%

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$681,559
Asking price
$1,999,000
Closing costs (~8% of asking)
-$159,920
Est. remaining loan balance
-$1,157,521
Cash to seller
$681,559

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Oaktree Funding Corp

Loan start date

April 2022

Original loan amount

$1,196,000

Est. remaining balance

$1,157,521

Interest rate

3.89%

Loan type

New Conventional, 40 year

Seller

Moises Brena and Sofia A Ponce

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/31/2025 at 7:40 AM

Listing updated: 03/12/2025 at 4:55 PM

Listed by: Walter Castillo, Coldwell Banker Realty Phone #: (323) 464-9272

MLS: CLAW #25510483

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