4842 W 17th St - Multi-Family FOR SALE


Los Angeles, CA 90019- Mid-City
$3,499,000 USD
213-302-8662
4842 W 17th St, Los Angeles, CA for Sale
$3,499,000 USD
Multi-Family - FOR SALE
1/48
null | 6.02% Cap Rate

4842 W 17th St
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Fully leased 2023 construction fourplex delivering a true 6.02% cap rate with two years of proven income history
  • Opportunity to acquire adjacent twin buildings for a combined 12-unit (60-bedroom) portfolio
  • Four townhome-style 5-bedroom units, each featuring en suite baths, open-concept layouts, and high ceilings
  • Gross monthly income: $22,215 | Annual income: $266,580 | Net Operating Income: $210,799
  • Price: $3,499,000 | $874,750 per unit | $499.50 per SF | GRM: 13.13
  • Separately metered for all utilities with zero house expenses

OVERVIEW

The 2-4 Unit Specialists are pleased to present 4842 W 17th St, a fully leased luxury fourplex delivering a true 6.02% cap rate with all units due for rent increases. Built in 2023, this massive 7,005 sqft designer style property sits in red hot Mid City and represents one of the strongest turnkey opportunities in the submarket. The asset can be acquired individually or as part of a rare three building portfolio, with identical twin properties on each side creating a 12 unit, 60 bedroom collection. All three buildings are fully leased with two years of proven income history, offering immediate stabilized performance and long term appreciation potential. Please inquire for full portfolio pricing. Each of the four townhome style residences offers five bedrooms and en suite baths with open concept layouts, oversized marble waterfall islands, sleek cabinetry, stainless steel LG appliances, designer lighting, and wide plank wood like flooring. Every unit includes two full laundry sets, large closets, spa quality bathrooms with marble tile and matte black fixtures, and private balconies off the bedrooms. The property provides 12 total parking spaces, is separately metered for all utilities, and operates with zero house expenses. Located in the heart of Mid City, 4842 W 17th St offers unbeatable access to LA’s most active employment and lifestyle hubs. Just minutes from Culver City, Miracle Mile, and the Jefferson Corridor, this location attracts a stable tenant base of professionals and families seeking high end living near major studios, tech campuses, and entertainment centers. With continued development transforming the Mid City corridor, investors benefit from both strong current cash flow and long term appreciation potential. Schedule a call with our team to review the financials and explore the full portfolio opportunity.

FOR SALE DETAILS

PRICE

$3,499,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

4

PRICE/UNIT

$874,750

CAP RATE

6.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Luxury Fourplex w/ 2 Years Proven Returns

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,001 SF

ZONING

LARD1.5

APN/PARCEL ID

5067-008-018

ASK ABOUT THIS PROPERTY

Lauren CearleyMyunits.com IncMore Info
213-302-8662

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Lauren CearleyMyunits.com IncMore Info
213-302-8662

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