1304 W 17th St 1304 W 17th St 7 Unit Apartment Building $1,525,000 ($217,857/Unit) 7.01% Cap Rate Los Angeles, CA 90006

This updated 7-unit multifamily at 1304 W 17th Street offers a strong mix of (3) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, and (2) 2-Bed/2-Bath units delivered fully occupied and generating immediate income at 9.99 GRM and 7.01% Cap rate, with renovated interiors across a prime urban lot. Ideal for both owner-users and investors seeking cash flow and scalable value-add in vibrant Pico-Union. Includes 9 Parking Spaces!
Renovated units feature modern upgrades, including luxury vinyl plank flooring, updated kitchens, remodeled bathrooms,ceiling fans, fresh paint, and living room fireplaces. The property offers pet-friendly appeal, air conditioning, included refrigerators, and optional assigned parking. Excellent value- add potential through 29% rental upside to stabilize at 7.74 GRM and 9.53% Cap rate, with opportunities to optimize rents amid strong LA multifamily demand and low vacancy trends. Current Management is offering to continue a 3% Fee for NEW Owners!!
Situated in the Pico-Union/Westlake location with easy access to I-10/110 Freeways, Downtown LA, USC, Koreatown, and employment hubs like Sony, Apple, HBO, Google, and Meta, this property blends turnkey income with future appreciation in one of Los Angeles’s most accessible rental markets. 1304 W 17th Street delivers immediate yields and long-term hold potential.