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4648 W 17th St
Los Angeles, CA 90019
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Building Size | 3,686 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 1.63/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | LARD2 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,686 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | LARD2 |
ABOUT 4648 W 17TH ST , LOS ANGELES, CA 90019
Year-One Cap Rate of 5.14% & 13.5 GRM!! 8.92% Cap Rate & 8.8 GRM with rents at market!! Value-Add 6 Unit building, located in the most CENTRAL area of Los Angeles, in bustling Mid-City. Perched up on the hilltop of 17th St, and delivered with two VACANT units, the property is ready for your finishing touches and designer finishes. The property was built in 1959, consists of 2 stories and features on-site Parking for All units. The unit mix consists of 4 One-bed/One-bath units, and 2 Two- bed/One-bath units. 1 of the One-bed units is partially renovated and delivered Vacant, and 1 of the Two-bed unit will be delivered Vacant as well. With tenant spillover coming from All directions including Culver City & Miracle, Mile, this property presents an opportunity for an investor to reposition this asset, and further benefit from continuously Rising Rents and Accelerated Appreciation in this perfectly positioned neighborhood.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 5071-020-041 | Improvements Assessment | $297,668 |
| Land Assessment | $1,082,432 | Total Assessment | $1,380,100 |
PROPERTY TAXES
