856-858 W 47th St | Sold
856-858 W 47th St sold on September 4, 2026 for $1,300,000. I represented the seller.
The building started as a 1914 duplex between Vermont and Hoover. The seller bought it in December 2022, permitted two detached ADUs on the 7,778 square foot RD2 lot, and finished them in 2025. The result is four 3-bedroom, 2-bath units with four parking spaces. The original duplex is under the LA Rent Stabilization Ordinance. The two ADUs are not.
Two of the units are leased to Section 8 tenants with HACLA paying roughly $4,000 a month in housing assistance. One unit is market rate and one was vacant at the time of contract. The buyer, a private trust, underwrote the deal on signed leases rather than the OM's projected rents.
At $325,000 a unit, this sale cleared 33% above the 12-month median for 2 to 6 unit buildings in 90037, which sits at $245,000 a unit. The nearest comp is 961 W 47th St, one block west: a 1913 fourplex with no ADUs that sold in July 2026 at $271,250 a unit. The $54,000 gap per door is the value of what the seller built on the back of the lot.
What this sale says about South LA
Owners of 2 to 4 unit buildings on RD or R2 lots over 6,000 square feet are sitting on the same math. The lot, not the rent roll, set the price here.
Own a building nearby? I will send you this sale breakdown and a number for your address.
Taylor Avakian - 916-996-4421 | Taylor@lyonstahl.com
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