816 W 47th St

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 4.40% in-place CAP rate and 14.86 GRM, with approximately 24% rental upside. At market rents, the asset is projected to deliver a 5.97% CAP and a 11.98 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.

This home located at 816 W 47th ST is currently active and has been available on pardeeproperties.com for 59 days. This property is listed at $2,300,000. It has 16 beds and 12 bathrooms. The property was built in 2020. 816 W 47th ST is in the Los Angeles Southwest community of Los Angeles County.

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