Los Angeles, CA 90037 550 W 47th Street

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Presented By: Robert Lee with I & J Properties, Inc.;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25512351
  • 03/18/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 32
  • Baths • 32
  • SQFT • 10,602
  • Garage • 2

Home Details

Prime Multi-Unit Investment Opportunity in South Los Angeles. Rare chance to acquire a 2020 yr built high-yield, multi-unit completely vacant property in a desirable South Los Angeles location, just minutes from BMO Stadium, Exposition Park, and with easy access to the 110 Freeway (Vernon Exit). Ideal for investment or owner-user, this versatile property is well-suited for homeless shelters, interim transition housing, non-profit organizations, and government-backed master lease programs. Featuring four units with an impressive total of 32 master suite-style bedrooms and 32 bathrooms, each suite is equipped with a private bath and mini-split HVAC system for maximum comfort. The property also offers common dining areas and laundry facilities in each unit. Zoned R-2 with R-3 occupancy per COO, this unique asset presents significant flexibility and potential. Details and photos coming soon! Completely Vacant!
Presented By: Robert Lee with I & J Properties, Inc.;

Interior Features for 550 W 47th Street

Bedrooms

Total Bedrooms32

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths32

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside, LaundryRoom
Total Stories3

General for 550 W 47th Street

Additional Parcels Y/NNo
AppliancesGasCooktop, Refrigerator
Architectural StyleModern
Attached Garage No
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
Construction MaterialsConcrete, Stucco
CountyLos Angeles
DirectionsWest of Figueroa on 47th
Electric On Property Y/NNo
Expected Active Date 2025-03-25
Full Baths
Garage Spaces2.0
Garage Y/NYes
Gross Income336000.0
HOANo
HeatingElectric, ForcedAir
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet8433.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income256338.0
New ConstructionNo
Number Of Units Total4
Occupancy TypeVacant
Open Parking Spaces5.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesGatedCommunity
Senior Community Y/NNo
SewerSewerTapPaid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tenant PaysElectricity, Gas, TrashCollection
ViewNone
Waterfront Y/NNo
Year Built2020
ZoningLARD2

Exterior for 550 W 47th Street

Building Area Total10602.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1936
Lot Size Area8433.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesDoorMulti, Garage, SharedDriveway, Tandem
Private PoolNo
SpaNo
Total Parking7.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $4,190,000
MLS#25512351
List Date 03/18/2025
Property Type Multi-Family
Phone 714.742.6515
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