Roy Rigsby - Desert Lifestyle Properties Logo
$3,099,000
 $16,636 est/mo Sourced by Back At You

526 534 W 47th St,Los Angeles, CA 90037

Los Angeles, CA 90037

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Description

$250,000 PRICE REDUCTION! NOW OFFERED AT $3,099,000. Reduced from $3,349,000, this 19-unit offering consists of two neighboring apartment buildings at 526-534 W 47th Street in Los Angeles. The properties feature eighteen 1-bedroom/1-bathroom units and one 3-bedroom/1-bathroom unit, with approximately 11,953 square feet of building area situated on approximately 15,467 square feet of land. Four units are currently vacant, providing an incoming investor with the opportunity to renovate and lease the units while benefiting from the property's existing income. Based on projected market rents, the property offers approximately 46% upside in scheduled rental income, increasing from approximately $356,568 to $521,400 annually. The offering consists of two separate parcels, each containing fewer than 16 units, which generally eliminates the state requirement for an on-site resident manager. Conveniently located near the 110 Freeway, USC, Exposition Park, the Los Angeles Memorial Coliseum and Downtown Los Angeles, this offering provides attractive scale, immediate vacant-unit potential and meaningful long-term rental upside.

Details

MLS #SB26190336
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site75
Listing Provided ByLyon Stahl Investment Real Estate, Inc. | John Stiegler II

Features

SQ Feet11,953
Story(s)2
Units19
Acreage0.36

Exterior

Lot FeaturesRectangular Lot

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC42 Downtown L.A.
Listing VS Median (in 90037)
Price:
$3,099,000
low | high
Med:
$799,450
100% of Average
sqft:
11,953
low | high
Med:
4,336
100% of Average
$ / sqft:
$259
low | high
Med:
$185
78.700046712598% of Average
On site:
75
low | high
Med:
56
100% of Average
Sourced by Back At You

Market Activity 90037

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Learn More About This Property

Roy Rigsby

Roy Rigsby

Desert Lifestyle Properties

01399810 (760) 409-5117roy@desertrealestate4you.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC42 Downtown L.A.
Listing VS Median (in 90037)
Price:
$3,099,000
low | high
Med:
$799,450
100% of Average
sqft:
11,953
low | high
Med:
4,336
100% of Average
$ / sqft:
$259
low | high
Med:
$185
78.700046712598% of Average
On site:
75
low | high
Med:
56
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.324M - $3.873M
sqft: 8,500 - 14,500
Nearby Listings Property ImageNearby Listings Details
4240 Figueroa Street Property Photo 1
$2,750,000
4240 Figueroa Street
Los Angeles, CA 90037
Listing Updated: October 26, 2026 at 11:44:16 AM PDT