4546 W 17th St 10 Unit Apartment Building $2,225,000 ($222,500/Unit) 6.09% Cap Rate Los Angeles, CA 90019

~29% Rent Upside
This partially stabilized asset offers nearly 30% upside in rental income. With strategic updates and turnover management, new ownership can unlock significant near-term gains and elevate the property’s long-term performance.
Balanced Unit Mix with Built-In Flexibility
The mix of (2) 2-Bed/2-Bath, (6) 1-Bed/1-Bath, and (2) 2-Bed/2-Bath ADUs provides an ideal balance of unit types. The larger units attract long-term renters, promoting income stability, while the 1-bed units offer higher turnover opportunities, allowing frequent rent adjustments aligned with market growth.
Income-Generating ADUs
Two legally permitted ADUs enhance this property’s revenue profile. With California’s pro-ADU legislation, these additions are both compliant and lucrative—delivering value in a market where maximizing land use is crucial.
Mid-City: A Core Los Angeles Submarket
Centrally located in the heart of Los Angeles, Mid-City sits between major employment hubs—Downtown LA, Culver City, Beverly Hills, and Hollywood. The neighborhood is densely populat-ed and renter-heavy, with about 63.4% of households renting. Its cultural diversity, access to major thoroughfares, and proximity to employment corridors make it a dependable rental market.
Rent vs. Buy Affordability Gap Favors Investors
In LA County, the median homebuyer needs to earn over $222K/year to afford a median-priced home, while the average renter pays ~$2,200/month—a massive affordability gap. This drives con-sistent demand for rentals, especially in neighborhoods like Mid-City where location meets relative affordability.
Strong Regional Economic Drivers
The property benefits from proximity to several regional job engines, including the Wilshire Mira-cle Mile museum district, Cedars-Sinai, USC, and the Expo & Crenshaw Metro lines. The nearby employment ecosystem includes entertainment, healthcare, higher education, and government sectors—offering tenants stable, diverse job access.