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$1,150,000

  • Sold
  • Closed
  • Multi-Family
  • 11 Total Beds
  • Updated 11 days ago
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We are pleased to present 1047 E 33rd Street, an 8-unit apartment building located just south of Downtown Los Angeles. The property features two brand-new ADUs and six on-site parking spaces, offering investors a rare combination of modern upgrades and reliable tenant demand in a dense infill location. Priced at just $156,250 per unit and $270 per square foot, the building delivers immediate income at a 6.55% in-place cap rate and 8.67 GRM, with pro forma rents supporting a 13.70% cap rate and 5.25 GRM. Several units remain below market, presenting over 40% upside potential through organic turnover or a cash-for-keys program, while the two new ADUs and secure parking provide long-term competitive advantages in tenant retention and investment stability. The mix of singles, one-bedrooms, and two-bedrooms appeals broadly to USC students, young professionals, and families seeking proximity to Downtown employment centers, Exposition Park, and major transit lines. In addition, the property qualifies for 100% bonus depreciation under the One Big Beautiful Bill Act, creating meaningful tax shelter opportunities in the early years of ownership. With its low entry basis, diversified unit mix, and substantial rental upside, 1047 E 33rd Street represents a compelling acquisition opportunity in one of Los Angeles' most resilient rental markets.

Full Property Details for 1047 E 33rd St

General

  • Sold For: $1,150,000
  • Status: Closed
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25599399
  • Added to Site: 116 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 8

Bedrooms

  • Total Bedrooms: 11

Other Rooms

  • Laundry: None

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Card/Code Access, Exterior Security Lights, Fire and Smoke Detection System, Gated, Smoke Detector, Window Bars
  • Other Features: None

Parking

  • Garage Description: Driveway

Location

  • Area: Downtown L.A.
  • County: Los Angeles
  • Driving Directions: Just off Central and 33rd St.

Heating & Cooling

  • Cooling Type: Air Conditioning
  • Heating Type: Central

Structural Information

  • # Buildings: 2
  • Stories/Levels: 2
  • Square Feet: 4,615
  • Sq. Ft. Source: Developer
  • Year Built: 1925
  • Year Built Source: Assessor

Unit Information

  • Units in Complex: 8
  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 8

  • Total Bathrooms: 1
  • Bedrooms: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.1665
  • Lot Size: 7253
  • Lot Size Source: Assessor
  • Alley: Yes
  • Lot Features: Alley Access
  • Zoning: LARD2
  • Lot Description: Fenced, Exterior Security Lights

Financial Considerations

  • Price Per Sq. Ft.: $270.86
  • Assessment Year: 1925
  • Owner Pays: Water
  • Tenant Pays: Electricity, Trash Collection, Gas

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 5114-019-010

Listed by Marcus & Millichap, Benjamin Lee
Sold by Marcus & Millichap, Zachary Rosen

Listing agent

— 1047 E 33rd St —

  • Benjamin Lee

    Marcus & Millichap

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1047 E 33rd St

School District:Los Angeles Unified School District
NameGradesDistance
Quincy Jones Elementary School
900 East 33rd Street, Los Angeles, CA 90011
K-50.2 mi
Dr. Julian Nava Learning Academies-School Of Business And Technology
1420 East Adams Boulevard, Los Angeles, CA 90011
6-81.7 mi
Nava College Preparatory Academy
1319 East 41st Street, Los Angeles, CA 90011
9-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1047 E 33rd St

Date
Details
Price
Change
Source
12/23/2025
Sold
$1,150,000
-8%
MLS
9/22/2025
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Marcus & Millichap, Benjamin Lee
Sold by Marcus & Millichap, Zachary Rosen

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1047 E 33rd St, Los Angeles, CA 90011 (MLS# 25599399) is a Multi-Family property that was sold at $1,150,000 on December 23, 2025. Want to learn more about 1047 E 33rd St? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.