$1,900,000
 $10,200 est/mo Sourced by Back At You

1035 W 17th,Los Angeles, CA 90015

Los Angeles, CA 90015

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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

Details

MLS #SB26214528
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1964
Days On Site33
Listing Provided ByCapital Mortgage Service of America | Yuzu Takagi

Features

SQ Feet10,520
Story(s)2
Units12
Acreage0.21

Exterior

Lot FeaturesEleven To Fifteen Units Acre

Taxes

Property7193

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90015
AreaKREA Koreatown
Listing VS Median (in 90015)
Price:
$1,900,000
low | high
Med:
$500,000
100% of Average
sqft:
10,520
low | high
Med:
1,190
100% of Average
$ / sqft:
$181
low | high
Med:
$420
82.640424590889% of Average
On site:
33
low | high
Med:
174
18.965517241379% of Average
Sourced by Back At You

Market Activity 90015

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Contact

Learn More About This Property

Benjamin Leaskou

Benjamin Leaskou

01754516 (760) 799-4290ben@leaskouhiggins.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90015
AreaKREA Koreatown
Listing VS Median (in 90015)
Price:
$1,900,000
low | high
Med:
$500,000
100% of Average
sqft:
10,520
low | high
Med:
1,190
100% of Average
$ / sqft:
$181
low | high
Med:
$420
82.640424590889% of Average
On site:
33
low | high
Med:
174
18.965517241379% of Average
Sourced by Back At You
Listing Updated: November 2, 2026 at 5:29:03 PM PST

Benjamin Leaskou - Desert Lifestyle Properties