Multifamily

4823 W 17th St

4823 W 17th St, Los Angeles, CA 90019

Listing Price: $2,250,000

Cap Rate
4.29%
Number of Units
9
GRM
14.52
Occupancy
97.0%
Price/Unit
$250,000
Price/Gross SF
$343.04
Gross SF
6,559

Investment Overview

Marcus and Millichaps The LA Group is pleased to present a
premium 9-unit apartment building, located at 4823 W. 17th St, Los
Angeles CA 90019. This centrally-located Mid-City neighborhood
has seen both rental rates and housing demand rise steadily
in recent years, as residents driven by the creative and tech
community have been relocating from nearby Culver City and
Downtown LA.

Originally constructed in 1960, the property has been redeveloped
and improved, and the soft-story retrofit has been completed.
It features 9 apartment units with 5 one-bedrooms, 4 two-bedrooms,
within its 6,559 gross square feet. Its location has a
Walk Score of 78 and is considered very walkable as most errands
can be accomplished on foot. It is in close proximity to many
amenities including the trendy Adams Coffee Shop, Con Sabor
a Peru - a favorite local restaurant, Roscoes House of Chicken
and Waffles, the US Post Office, a Sprouts supermarket, and other
neighborhood markets and retail establishments. Only 1.5 miles
away is the brand-new state of the art Kaiser Permanente, and
is 3 short miles to Culver City, home of several notable corporate
companies including Apple, HBO, and Sony Pictures. It also has
convenient access to the 10 Freeway.

This property is a great opportunity for an investor who is interested
in capitalizing on current low-interest rates in an emerging
neighborhood experiencing tremendous growth.

Investment Highlights

  • Highly Sought-After Mid City Neighborhood
  • 5 out of 9 Units have been Renovated
  • Completed Soft Story Retrofit

Exclusively Listed By

  • Becky Eriksson

    Associate

    Email Becky

    License(s): CA: 02052561

    West Los Angeles

  • Laura Alice Scaturro

    Associate

    Email Laura Alice

    License(s): CA: 01942167

    West Los Angeles

Listing Price: $2,250,000

Cap Rate
4.29%
Number of Units
9
GRM
14.52
Occupancy
97.0%
Price/Unit
$250,000
Price/Gross SF
$343.04
Gross SF
6,559

Investment Highlights

  • Highly Sought-After Mid City Neighborhood
  • 5 out of 9 Units have been Renovated
  • Completed Soft Story Retrofit

Investment Overview

Marcus and Millichaps The LA Group is pleased to present a
premium 9-unit apartment building, located at 4823 W. 17th St, Los
Angeles CA 90019. This centrally-located Mid-City neighborhood
has seen both rental rates and housing demand rise steadily
in recent years, as residents driven by the creative and tech
community have been relocating from nearby Culver City and
Downtown LA.

Originally constructed in 1960, the property has been redeveloped
and improved, and the soft-story retrofit has been completed.
It features 9 apartment units with 5 one-bedrooms, 4 two-bedrooms,
within its 6,559 gross square feet. Its location has a
Walk Score of 78 and is considered very walkable as most errands
can be accomplished on foot. It is in close proximity to many
amenities including the trendy Adams Coffee Shop, Con Sabor
a Peru - a favorite local restaurant, Roscoes House of Chicken
and Waffles, the US Post Office, a Sprouts supermarket, and other
neighborhood markets and retail establishments. Only 1.5 miles
away is the brand-new state of the art Kaiser Permanente, and
is 3 short miles to Culver City, home of several notable corporate
companies including Apple, HBO, and Sony Pictures. It also has
convenient access to the 10 Freeway.

This property is a great opportunity for an investor who is interested
in capitalizing on current low-interest rates in an emerging
neighborhood experiencing tremendous growth.

Exclusively Listed By

  • Becky Eriksson

    Associate

    Email Becky

    License(s): CA: 02052561

    West Los Angeles

  • Laura Alice Scaturro

    Associate

    Email Laura Alice

    License(s): CA: 01942167

    West Los Angeles

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