961 W 47th Street, Los Angeles, CA 90037

Description

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 one income-producing unit and three 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 completely remodeled has excellent potential for conversion into an Accessory Dwelling Unit (ADU), which could provide additional income and boost overall property value. ($2,500 -$3,500/month rent potential, that's $30K -$40K/ year upside Property delivered with 3 vacant + 1 occupied (as-is) + . 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 is a rare opportunity to invest in a rising neighborhood while enjoying immediate and future gains. Some pictures have been virtually staged to create a vision for buyers. The property is priced based on its current income and occupancy. "Price reflects current income and development upside. Vacancy beyond existing units is not included."

Listing description from the July 2026 sale, as reported to CRMLS.

Sale history

$1,085,000

Sold July 2026 · listed $1,099,000, orig. $1,199,000, on market January 2026, 135 days on market · MLS #SR26012599 · Source: CRMLS

Listing Agent: Angela Dominguez · Listing Office: Rodeo Realty · Contact: 818-633-1077 · Bought with: DeVone Richard · OYT Real Estate

$1,040,000

Sold August 2020 · listed $940,000, on market June 2020, 22 days on market · MLS #P0-820002394 · Source: CRMLS

Listing Agent: Casey Picard · Listing Office: Keller Williams Realty · Contact: (626) 204-3300 · Bought with: Kenneth Palma · Palma Investments

$495,000

Sold April 2018 · on market November 2017, 46 days on market · MLS #IV17262444 · Source: CRMLS

Listing Agent: READUS CARTER · Listing Office: STRATEGIC REALTY SOLUTIONS · Contact: 909-708-2017 · Bought with: READUS CARTER · STRATEGIC REALTY SOLUTIONS

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