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… Read More 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 $3,537/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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
54
Last Updated
Property Type
Other
Beds
6
Square Ft.
2,686
Lot Size
0.18 Acres
Year Built
1914
MLS Number
26638301
Additional Details
Appliances & Equipment
Microwave, Gas Or Electric Dryer Hookup, Electric Dryer Hookup, Dryer, Built-Ins, Garbage Disposal
Building
2,686 sq ft, Built in 1914, Levels: Multi/Split
Cooling
Wall/Window
Disclosures
None
Garage
Driveway
Heating
Wall
Lot
LotAcreage: 0.1786, LotSizeArea: 7,780
Parking
TotalParking: 4
Property
NumberOfUnits: 4, Zoning: LARD2
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