714-745-2708

1111 W 47th Street, Los Angeles, CA 90037

$750,000 Approx. USD 7 beds, 5 baths
2,863 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Sevak Keshishian | skeshishian@marcusmillichap.com
Lic#: 01887505
Broker: Courtesy of Marcus & Millichap
Phone: 818-212-2694

Co Listing Agent

Shara Parseghian | Shara.Parseghian@marcusmillichap.com
Lic#: 01991749
Broker: Courtesy of Marcus & Millichap
Phone: 818-292-2692

Agent Remarks

We are pleased to present the opportunity to acquire 1111 W. 47th Street, a value-add five-unit multifamily investment located in the Vermont Square neighborhood of South Los Angeles. Offered below replacement cost, the property provides investors with the opportunity to acquire a well-located, income-producing asset featuring significant rental upside, operational flexibility, and long-term value creation.Built in 1927, the property consists of three separate structures totaling approximately 2,863 square feet of rentable space on a 7,387-square-foot lot. The unit mix includes (3) 1bd/1bd units and (2) 2bd/1ba units, with (1) 1bd unit (detached cottage) to be delivered vacant, providing an immediate opportunity to renovate and lease at market rents.The property also includes (4) single-car garages, which are currently utilized for storage. Based on current market conditions, investors have the opportunity to capture approximately 68% rental upside while exploring the potential to convert the existing garage configuration into one or more Accessory Dwelling Units (ADUs), creating additional rental income and enhancing the property's long-term value (Buyer to Verify).Located three blocks south of W. Vernon Ave. and two blocks west of S. Vermont Ave, the property benefits from access to major transportation corridors, employment centers, educational institutions, and neighborhood amenities, providing strong connectivity throughout Los Angeles.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26863143

Price: $750,000

Beds: 7

Baths: 5

Built in 1927

2,863 sqft

2 stories

0.17 acres

Lot size: 0.1696

County: Los Angeles

Zoning: LAR1

Appliances: Disposal

Heating/cooling: None

Heating description: Wall Furnace

MLS area: C34 - Los Angeles Southwest

Last Updated: 7/30/2026

Days On Market (DOM): 70

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This listing belongs to the C34 - Los Angeles Southwest MLS area

Lat/Long: 34.000912, -118.294243.
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