CA > Los Angeles
Los Angeles, CA 90011,1047 E 33rd St
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Los Angeles, CA 90011,1047 E 33rd St
Los Angeles, CA 90011,1047 E 33rd St
Los Angeles, CA 90011,1047 E 33rd St
Los Angeles, CA 90011,1047 E 33rd St
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Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 1,250,000
Est. payment /mo
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Active

1047 E 33rd St Los Angeles, CA 90011

11 Beds

8 Baths

4,615 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,615 sqft

Price per Sqft $270

MLS Listing ID 25599399

Bedrooms 11

Year Built 1925

Lot Size 7,253 Sqft

Acres 0.1665

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning

Equipment Alarm System, Built-Ins, Garbage Disposal, Freezer, Dryer, Dishwasher, Hood Fan, Range/Oven, Refrigerator, Washer

Laundry None

Exterior

Parking Features Driveway

Garage Spaces 6.0

Building

Lot Description Fenced, Exterior Security Lights

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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1047 E 33rd St

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Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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