1035 W 17th, Los Angeles, CA 90015
1035 W 17th, Los Angeles, CA 90015
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 1,999,999
Est. payment | /mo

9,352 Sqft Lot

Save
$ 1,999,999
Est. payment | /mo
Save

9,352 Sqft Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26116412

HOA Y/N No

Year Built 1964

Lot Size 9,352 Sqft

Property Sub-Type Multi Family

Property Description

1035 W 17th Street is Rare Value-Add Multifamily Opportunity Near DTLA & Koreatown! Fully occupied 12-unit investment property located in the highly sought-after Pico-Union submarket, just minutes from Downtown Los Angeles, Koreatown, and USC. This stabilized asset offers immediate cash flow with approximately $112,000 NOI and a 5.63% CAP rate, while presenting a compelling opportunity to increase revenue through rental repositioning.
Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property benefits from strong in-place occupancy, consistent tenant demand, and a strategic location within one of Los Angeles' most active rental corridors. Investors will appreciate the combination of stable income today and significant upside tomorrow, with a projected 8–9% Pro Forma CAP rate through future rent growth.
Opportunities to acquire a 100% occupied, cash-flowing 12-unit asset near DTLA at this price point are increasingly limited. Ideal for investors seeking immediate yield, long-term appreciation, and value-add potential in a high-demand urban market.

Location

State CA

County Los Angeles

Area Krea - Koreatown

Interior

Fireplace No

Laundry None

Exterior

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Present Use Multi-Family

Building

Lot Description 11-15 Units/Acre

Story 2

Water Public

Others

Tax ID 5135024006

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Yuzu Takagi Capital Mortgage Service of America yuzutakagicre@gmail.com, DRE #02019202

Nearby Locations

Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California 92620, United States

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1035 W 17th