CA > Los Angeles
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
Los Angeles, CA 90011,1047 E 33rd ST
Los Angeles, CA 90011,1047 E 33rd ST
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Terri Winn

Terri Winn

+1(805) 610-0991
$ 1,250,000
Est. payment | /mo

11 Beds

8 Baths

4,615 SqFt

Save
$ 1,250,000
Est. payment | /mo
Save

11 Beds

8 Baths

4,615 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,615 sqft

Price per Sqft $270

MLS Listing ID 25599399

Bedrooms 11

HOA Y/N No

Year Built 1925

Lot Size 7,252 Sqft

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 C42 - Downtown L.A.

Zoning LARD2

Interior

Heating Central

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Laundry None

Exterior

Parking Features Driveway

Community Features Gated

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5114019010

Security Features Carbon Monoxide Detector(s),Fire Detection System,Gated Community,Key Card Entry,Smoke Detector(s),Window Bars

Special Listing Condition Standard

CRMLS – RECore
Listed by Benjamin Lee Marcus & Millichap
Terri Winn

+1(805) 610-0991

sold@terriwinn.com

1213 Vine St, Paso Robles, CA, 93446-2260, USA

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1047 E 33rd ST