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816 W 47th Street

Los Angeles, CA 90037

16 beds
12 baths
6,446 sqft
8,534 sqft lot
$372 per sqft
2020 build
– on site

816 W 47th Street presents a rare opportunity to acquire a 2020 construction 4-unit property in a high-demand pocket of South Los Angeles, just minutes from USC and Downtown LA. With no rent control, modern construction, and minimal maintenance requirements, this asset is well-positioned for both seasoned investors and 1031 exchange buyers seeking long-term stability with built-in upside. The property consists of two separate buildings and offers an ideal unit mix of four 4-bedroom/3-bath units, totaling 6,446 rentable square feet on an 8,534 SF lot. Current operations yield a 4.17% in-place CAP rate and 15.50 GRM, with approximately 24% rental upside. At market rents, the asset is projected to deliver a 5.67% CAP and a 12.50 GRM, making it a strong performer in today’s market. Additional features include eight outdoor parking spaces—providing ample tenant convenience—and a layout that supports both family-oriented and co-living rental strategies. Ideally located near major transit corridors, freeways, and employment hubs, 816 W 47th Street offers direct access to the 110 Freeway, Metro lines, and the broader Downtown LA area. With excellent unit sizes, strong in-place income, and non-rent-controlled flexibility, this property stands out as a premier investment in a rapidly evolving urban corridor.

Listed By CRMLS_CA / Brett Lyon / Lyon Stahl Investment Real Estate, Inc. / 3107801899

Last checked: Checking… • Last updated May 30, 2025 •

MLS# SB25119147 —

This property is listed in more than one place. See it here, and here, and here.

The Building

Year Built:

2020
Year Built Source:

Assessor
New Construction:

No
Total Number Of Units:

4
Structure Type:

Quadruplex
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls

Interior

Levels:

Two
Entry Location:

Gate
Room Type:

All Bedrooms Up, Family Room
Living Area Units:

Square Feet
Living Area Source:

Assessor
Fireplace:

No
Fireplace:

None
Laundry:

Gas Dryer Hookup, Washer Hookup
Laundry:

1

Room Dimensions

Living Area:

6446.00

Location

Directions:

On the corner of Wesley Ave and W 47th St.
Latitude:

34.00028700
Longitude:

-118.28778500

The Property

Property Type:

Residential
Subtype:

Quadruplex
Zoning:

LARD2
Lot Features:

2-5 Units/Acre
Lot Size Area:

8534.0000
Lot Size Dimensions:

8534
Lot Size Acres:

0.1959
Lot Size SqFt:

8534.00
Lot Size Source:

Assessor
Lot Dimensions Source:

Assessor
View:

None
Property Attached:

1
Additional Parcels:

No
Land Lease:

No
Lease Considered:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2321.10
Tax Tract:

1
Tax Lot:

38

Beds

Total Bedrooms:

16
Main Level Bedrooms:

8

Baths

Total Baths:

12
Full & Three Quarter Baths:

12
Main Level Baths:

6
Full Baths:

12

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5018011054

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

High School District:

Los Angeles Unified

The Community

Features:

Biking
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

No
Assessments:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/29/25 May 29, 2025	Listed / Active	CRMLS_CA	$2,400,000	382.9% (54.3% / YR)
9/12/19 Sep 12, 2019	Listed / Active	CRMLS_CA
5/10/18 May 10, 2018		CRMLS_CA	$497,000	9.2%

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This multifamily located in South LA, Los Angeles, CA 90037 is currently for sale for $2,400,000. 816 W 47th Street is a 6,446 square foot multifamily with 16 beds and 12 baths that has been on Estately for 19 days. 816 W 47th Street is in the South LA neighborhood of Los Angeles and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of Marguerite Poindexter Lamotte Elementary School, Manual Arts Senior High School, Dr. James Edward Jones Primary Center, and John Muir Middle School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 22:11 on Jun 17.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.