1035 W 17th, Los Angeles, CA 90015
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Preet Sandhu

Preet Sandhu

+1(559) 907-9993
$ 1,899,999
Est. payment | /mo

9,352 Sqft Lot

Save
$ 1,899,999
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 SB26214528

HOA Y/N No

Year Built 1964

Annual Tax Amount $7,193

Lot Size 9,352 Sqft

Property Sub-Type Multi Family

Property Description

Exceptional investment opportunity in the heart of Pico-Union, Los Angeles. This well-maintained 12-unit multifamily property at 1035 W 17th Street offers stable cash flow with significant upside potential. Built in 1964, the property sits on a 9,365 SF lot with 10,520 SF of rentable space, featuring a desirable unit mix of studios, one-bedroom, and two-bedroom apartments.

Currently operating at 100% occupancy with all tenants on a month-to-month basis, providing maximum flexibility for future rent adjustments. The property has been owned by the same family since 1982 and has undergone key capital improvements including seismic retrofitting and plumbing upgrades — both permits in place.

The current cap rate is 6.78% with a pro forma cap rate of 9.78%, reflecting substantial rental upside as current rents remain well below market rate. Self-managed with no management fee, keeping operating expenses lean. Conveniently located minutes from Downtown Los Angeles, the 110 Freeway, L.A. LIVE, and Crypto.com Arena.

$2,000,000 Now $1,900,000 | 12 Units | Cap Rate: 6.78% | Pro Forma Cap: 9.78% | Price/Unit: $158,333

Location

State CA

County Los Angeles

Area Krea - Koreatown

Interior

Fireplace No

Laundry None

Building

Lot Description 11-15 Units/Acre

Story 2

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

Preet Sandhu

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

+1(559) 907-9993

preet@riserealtyca.com

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1035 W 17th

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