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$777,000
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Property Description
488-492 E. 47th St offers an excellent opportunity to purchase a triplex investment in South Los Angeles minutes to Downtown Los Angeles, University of Southern California, etc. Easy access to the 110 and 10 Freeways. Property features two buildings Front building has 2 Units - 2Bd/1Ba Unit & Single/1 Ba Unit (Yr blt 1904); Rear Building is a SFR - 2Bd/1Ba (Yr blt 1922). Investment has strong in-place income and additional upside. Buyer to rely on their own due diligence and investigation. Property is fully occupied - Do not disturb Tenants.
Full Property Details
Full Property Details for 488 E 47th St
General
- Price: $777,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 26650297
- Updated: 2/10/2026
- Added to Site: 11 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Additional Information
- Pool Description: None
- Spa Description: None
- Security/Safety: Gated
- Other Features: None
Exterior
- Deck/Patio: Porch
Parking
- Garage Description: Driveway
Location
- Area: Downtown L.A.
- County: Los Angeles
- Driving Directions: Triplex on 47th Street, East of San Pedro St; South of E. Vernon Ave. East of 110 Freeway & minutes south of Downtown Los Angeles, University of Southern California, Exposition Park, etc.
- Direction Faces: North
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Utilities
- Sewer: In Street
- Water: Public
Structural Information
- # Buildings: 2
- Architectural Style: Craftsman
- Exterior Const.: Stucco
- Entry Location: Living Room
- Stories/Levels: 1
- Square Feet: 2,473
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1922
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 3
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1404
- Lot Size: 6117
- Lot Size Source: Vendor Enhanced
- Zoning: LAR2
Financial Considerations
- Price Per Sq. Ft.: $314.19
- Assessment Year: 1922
- Owner Pays: Water, Gardener
- Tenant Pays: Gas, Electricity
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5109-019-021
Listed by Andrew C. Lee, Andrew C Lee
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Schools
Schools serving 488 E 47th St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Forty-Ninth Street Elementary School 750 East 49th Street, Los Angeles, CA 90011 | K-5 | 0.3 mi |
George Washington Carver Middle School 4410 McKinley Avenue, Los Angeles, CA 90011 | 7-8 | 0.4 mi |
Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community High 300 East 53rd Street, Los Angeles, CA 90011 | 9-12 | 0.5 mi |
Thomas Jefferson Senior High School 1319 East 41st Street, Los Angeles, CA 90011 | 9-12 | 1.1 mi |
Nava College Preparatory Academy 1319 East 41st Street, Los Angeles, CA 90011 | 9-12 | 1.1 mi |
Santee Education Complex 1921 S. Maple Ave., Los Angeles, CA 90011 | 9-12 | 2 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 488 E 47th St
Date
Details
Price
Change
Source
2/10/2026
Listed
$777,000
91.85%
MLS
5/08/2015
Sold
$405,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 488 E 47th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,171
4%
$479,432
4%
2023
$5,959
5%
$460,817
2%
2022
$5,691
1%
$451,782
2%
2021
$5,612
-1%
$442,924
1%
2020
$5,663
4%
$438,383
2%
2019
$5,449
2%
$429,788
2%
2018
$5,367
2%
$421,362
2%
2017
$5,252
3%
$413,100
2%
2016
$5,114
72%
$405,000
75%
2015
$2,965
-1%
$231,663
2%
2014
$2,992
—
$227,126
—
2013
$2,992
—
$226,101
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 488 E 47th St
488 E 47th St, Los Angeles, CA 90011 (MLS# 26650297) is a Multi-Family property with units containing 5 bedrooms and 0 full bathrooms. 488 E 47th St is currently listed for $777,000 and was received on February 10, 2026. Want to learn more about 488 E 47th 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.

