4546 W 17th St - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$2,375,000 USD
718-406-3128
4546 W 17th St, Los Angeles, CA for Sale
$2,375,000 USD
Apartments - FOR SALE
1/32
null | 5.63% Cap Rate

4546 W 17th St
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • ~29% Rent Upside
  • Balanced Unit Mix with Built-In Flexibility
  • Income-Generating ADUs
  • Mid-City: A Core Los Angeles Submarket
  • Rent vs. Buy Affordability Gap Favors Investors
  • Strong Regional Economic Drivers

OVERVIEW

~29% Rent Upside This partially stabilized asset offers nearly 30% upside in rental income. With strategic updates and turnover management, new ownership can unlock significant near-term gains and elevate the property’s long-term performance. Balanced Unit Mix with Built-In Flexibility The mix of (2) 2-Bed/2-Bath, (6) 1-Bed/1-Bath, and (2) 2-Bed/2-Bath ADUs provides an ideal balance of unit types. The larger units attract long-term renters, promoting income stability, while the 1-bed units offer higher turnover opportunities, allowing frequent rent adjustments aligned with market growth. Income-Generating ADUs Two legally permitted ADUs enhance this property’s revenue profile. With California’s pro-ADU legislation, these additions are both compliant and lucrative—delivering value in a market where maximizing land use is crucial. Mid-City: A Core Los Angeles Submarket Centrally located in the heart of Los Angeles, Mid-City sits between major employment hubs—Downtown LA, Culver City, Beverly Hills, and Hollywood. The neighborhood is densely populat-ed and renter-heavy, with about 63.4% of households renting. Its cultural diversity, access to major thoroughfares, and proximity to employment corridors make it a dependable rental market. Rent vs. Buy Affordability Gap Favors Investors In LA County, the median homebuyer needs to earn over $222K/year to afford a median-priced home, while the average renter pays ~$2,200/month—a massive affordability gap. This drives con-sistent demand for rentals, especially in neighborhoods like Mid-City where location meets relative affordability. Strong Regional Economic Drivers The property benefits from proximity to several regional job engines, including the Wilshire Mira-cle Mile museum district, Cedars-Sinai, USC, and the Expo & Crenshaw Metro lines. The nearby employment ecosystem includes entertainment, healthcare, higher education, and government sectors—offering tenants stable, diverse job access.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

10

PRICE/UNIT

$237,500

CAP RATE

5.63%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LARD1.5

APN/PARCEL ID

5071-013-041

ASK ABOUT THIS PROPERTY

Sam LiberowMarcus & MillichapMore Info
718-406-3128

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Sam LiberowMarcus & MillichapMore Info
718-406-3128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.