856 W 47th St

856 W 47th St | 4-Unit Multifamily in South Los Angeles.

Classic 1914 asset renovated in 2025 totaling 4,510 SF on a 7,778 SF LARD2 lot. The property features a desirable (4) 3-bed / 2-bath unit mix averaging approximately 1,106 SF and includes 4 on-site parking spaces. The asset will be delivered with three of four units vacant at close, allowing a new owner to immediately execute a lease-up strategy at the underwritten market rent of approximately $3,668/month and quickly stabilize income. Offered at $1,400,000 ($350,000/unit | $310.42/SF) with a 9.40% in-place cap rate and 8.25 GRM, the property delivers strong day-one yield with additional upside as rents stabilize in a high-demand South Los Angeles rental corridor.

This home located at 856 W 47th St is currently active and has been available on pardeeproperties.com for 51 days. This property is listed at $1,400,000. It has 6 beds and 2 bathrooms. The property was built in 1914. 856 W 47th St is in the Los Angeles Southwest community of Los Angeles County.

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