Located in the heart of South Los Angeles, this investment property has a strong upside potential in a neighborhood that’s actively transitioning and showing signs of revitalization. This four-unit property includes two income-producing units and two vacant units, offering flexibility for owner-occupied or investors ready to capitalize on rental demand. The area is seeing increased investment and development activity, making it an up-and-coming community with growing appeal.
Positioned just 1.5 miles from the new Lucas Museum of Narrative Art (Star Wars Museum), 1.2 miles from the Natural History Museum, and just over a mile from the California Science Center and Children’s Science Center, this property sits at the intersection of culture, education, and innovation. It’s also only 1.3 miles from USC, making it an ideal opportunity for parents looking to avoid high dormitory costs by investing in housing for their student. Instead of paying rent, your child can live in one of the units while the others generate rental income—turning an expense into a wealth-building strategy.
Adding even more value, the detached 3-car garage has excellent potential for conversion into an Accessory Dwelling Unit (ADU), which could provide additional income and boost overall property value. Just 1.4 miles from BMO Stadium, home of LAFC, this property is perfectly positioned to benefit from the continued transformation of South LA. With cultural landmarks, major institutions, and infrastructure upgrades nearby, this s a rare opportunity to invest in a rising neighborhood while enjoying immediate and future gains.
Seller motivated to entertain the best and highest offers. PRICE TO SELL.
For sale
Listing Provided by:
Angela Dominguez DRE #01127356 818-633-1077,
Rodeo Realty
Price cut: $29.5K (7/21)
$1,199,000
961 W 47th St, Los Angeles, CA 90037
8beds
4baths
2,772sqft
Est.:
Quadruplex
Built in 1913
-- sqft lot
$-- Zestimate®
$433/sqft
$-- HOA
What's special
- 105 days
- on Zillow |
- 87 |
- 8 |
Zillow last checked: 9 hours ago
Listing updated: August 01, 2025 at 10:29am
Listing Provided by:
Angela Dominguez DRE #01127356 818-633-1077,
Rodeo Realty
Source: CRMLS,MLS#: SR25070265
Originating MLS: California Regional MLS

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Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,772
- Total interior livable area: 2,772 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage, Garage Door Opener
- Garage spaces: 3
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Pool features: None
Lot
- Size: 6,683 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 5018009022
- Zoning: LARD3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1913
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $433/sqft
- Tax assessed value: $1,103,655
- Annual tax amount: $13,736
- Date on market: 3/31/2025
- Listing terms: Submit
- Lease term: Month To Month
- Total actual rent: 4100
- Tenant pays: Cable TV, Electricity, Gas, Grounds Care
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