$ 1,250,000
-
$1,250,000
Price -
6
Bed -
6
Bath -
4,615
SqFt
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About the Listing CLW-X7515106 - CLW-C145142
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.
Listing Highlights for 1047 E 33rd St
Status
Active
Days on Site
25
Property Type
Multi-Family
MLS ®
25599399
Year Built
1925
Total Square Footage
4,615
Lot/Acreage
0.17
County
Los Angeles
Area
C42 - Downtown L.A.
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances: Dishwasher, Disposal, Refrigerator
- Air Cond:
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 6
- Zoning: LARD2
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5114019010
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1047 E 33rd St Los Angeles, CA 90011
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