Multifamily
517 West 117th Street
517 W 117th St, Los Angeles, CA 90044
Listing Price: $1,595,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 517 West 117th Street, a six-unit apartment community located in South Los Angeles, alongside the 105 Freeway.
Built in 2007, the property is comprised of six two-bedroom / one-and-a-half-bath townhome-style units, each featuring in-unit washer/dryer hookups (one unit includes a washer/dryer) and assigned, gated parking. Situated on a generous 15,311-square-foot lot, the property is improved with a 5,208-square-foot building, leaving substantial excess land that may offer additional development potential. One option may be to add six ADUs, offering an opportunity to expand density, income, and long-term value.
Beyond the existing improvements, the property’s C2-2D-CPIO zoning and Tier 4 TOC designation present significant redevelopment potential. Based on the 15,311 SF lot, the property may support over 70 units by right — without the use of ED1 — offering a compelling long-term development opportunity.
517 West 117th Street offers investors the opportunity to acquire a newer construction multifamily asset with the potential to increase density in a well-located infill pocket of South Los Angeles. The property provides immediate access to the 105 Freeway and is conveniently situated near a wide range of retail amenities and daily services.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
517 West 117th Street
Investment Highlights
- Built in 2007 — significantly newer than the surrounding housing stock, offering lower maintenance and modern, functional unit layouts
- Six 2BD/1.5BA townhome-style units with in-unit W/D hookups (one unit includes a W/D) and assigned, gated parking
- C2-2D-CPIO zoning with Tier 4 TOC — 15,311 SF lot may support 70+ units by right without ED1. Buyer to verify
- Located directly alongside the 105 Freeway — providing residents fast, direct connectivity to the 110, the South Bay, LAX, and Downtown LA
- The property's excess land may support the addition of six ADUs — an opportunity to meaningfully expand income and value — buyer to verify
- A six-unit configuration offering operational simplicity and stability from day one
- All units are exempt from the Los Angeles Rent Stabilization Ordinance. Rent increases are subject to AB 1482, permitting annual increases of 5% plus CPI — enabling ownership to reach market rents within a few years
Exclusively Listed By
Financing By
Listing Price: $1,595,000
Investment Highlights
- Built in 2007 — significantly newer than the surrounding housing stock, offering lower maintenance and modern, functional unit layouts
- Six 2BD/1.5BA townhome-style units with in-unit W/D hookups (one unit includes a W/D) and assigned, gated parking
- C2-2D-CPIO zoning with Tier 4 TOC — 15,311 SF lot may support 70+ units by right without ED1. Buyer to verify
- Located directly alongside the 105 Freeway — providing residents fast, direct connectivity to the 110, the South Bay, LAX, and Downtown LA
- The property's excess land may support the addition of six ADUs — an opportunity to meaningfully expand income and value — buyer to verify
- A six-unit configuration offering operational simplicity and stability from day one
- All units are exempt from the Los Angeles Rent Stabilization Ordinance. Rent increases are subject to AB 1482, permitting annual increases of 5% plus CPI — enabling ownership to reach market rents within a few years
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 517 West 117th Street, a six-unit apartment community located in South Los Angeles, alongside the 105 Freeway. Built in 2007, the property is comprised of six two-bedroom / one-and-a-half-bath townhome-style units, each featuring in-unit washer/dryer hookups (one unit includes a washer/dryer) and assigned, gated parking. Situated on a generous 15,311-square-foot lot, the property is improved with a 5,208-square-foot building, leaving substantial excess land that may offer additional development potential. One option may be to add six ADUs, offering an opportunity to expand density, income, and long-term value. Beyond the existing improvements, the property’s C2-2D-CPIO zoning and Tier 4 TOC designation present significant redevelopment potential. Based on the 15,311 SF lot, the property may support over 70 units by right — without the use of ED1 — offering a compelling long-term development opportunity. 517 West 117th Street offers investors the opportunity to acquire a newer construction multifamily asset with the potential to increase density in a well-located infill pocket of South Los Angeles. The property provides immediate access to the 105 Freeway and is conveniently situated near a wide range of retail amenities and daily services. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Exclusively Listed By
Financing By
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