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4842 W 17th St - Luxury Fourplex w/ 2 Years Proven Returns 4 Unit Apartment Building Offered at $3,426,000 at a 6.18% Cap Rate Los Angeles, CA 90019
INVESTMENT HIGHLIGHTS
- Fully leased 2023 construction fourplex delivering a true 6.18% cap rate with two years of proven income history
- Four townhome-style 5-bedroom units, each featuring en suite baths, open-concept layouts, and high ceilings
- Price: $3,426,000 | $856,500 per unit | $489.08per SF | GRM: 12.85
- Opportunity to acquire adjacent twin buildings for a combined 12-unit (60-bedroom) portfolio with $10,278,000 total yearly income.
- Gross monthly income: $22,215 | Annual income: $266,580 | Net Operating Income: $210,799
- Separately metered for all utilities with zero house expenses
EXECUTIVE SUMMARY
The 2-4 Unit Specialists are pleased to present 4842 W 17th St, a fully leased luxury fourplex delivering a true 6.18% cap rate with all units due for rent increases. The asset can be acquired individually or as part of a rare three building portfolio (all contiguous lots), with identical twin properties on each side creating a 12 unit, 60 bedroom collection with $785,460/ yearly gross income. All three buildings are fully leased with two years of proven income history, offering immediate stabilized performance and long term appreciation potential. Please inquire for full portfolio pricing. Built in 2023, this massive 7,005 sqft designer style property sits in red hot Mid City and represents one of the strongest turnkey opportunities in the submarket.
Each of the four townhome style residences offers five bedrooms and en suite baths with open concept layouts, oversized marble waterfall islands, sleek cabinetry, stainless steel LG appliances, designer lighting, and wide plank wood like flooring. Every unit includes two full laundry sets, large closets, spa quality bathrooms with marble tile and matte black fixtures, and private balconies off the bedrooms. The property provides 12 total parking spaces, is separately metered for all utilities, and operates with zero house expenses.
Located in the heart of Mid City, 4842 W 17th St offers unbeatable access to LA’s most active employment and lifestyle hubs. Just minutes from Culver City, Miracle Mile, and the Jefferson Corridor, this location attracts a stable tenant base of professionals and families seeking high end living near major studios, tech campuses, and entertainment centers. With continued development transforming the Mid City corridor, investors benefit from both strong current cash flow and long term appreciation potential.
Schedule a call with our team to review the financials and explore the full portfolio opportunity.
Each of the four townhome style residences offers five bedrooms and en suite baths with open concept layouts, oversized marble waterfall islands, sleek cabinetry, stainless steel LG appliances, designer lighting, and wide plank wood like flooring. Every unit includes two full laundry sets, large closets, spa quality bathrooms with marble tile and matte black fixtures, and private balconies off the bedrooms. The property provides 12 total parking spaces, is separately metered for all utilities, and operates with zero house expenses.
Located in the heart of Mid City, 4842 W 17th St offers unbeatable access to LA’s most active employment and lifestyle hubs. Just minutes from Culver City, Miracle Mile, and the Jefferson Corridor, this location attracts a stable tenant base of professionals and families seeking high end living near major studios, tech campuses, and entertainment centers. With continued development transforming the Mid City corridor, investors benefit from both strong current cash flow and long term appreciation potential.
Schedule a call with our team to review the financials and explore the full portfolio opportunity.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$266,580
|
$38.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,997
|
$1.14
|
| Effective Gross Income |
$258,583
|
$36.91
|
| Taxes |
$39,930
|
$5.70
|
| Operating Expenses |
$7,003
|
$1.00
|
| Total Expenses |
$46,933
|
$6.70
|
| Net Operating Income |
$211,650
|
$30.21
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $266,580 |
| Annual Per SF | $38.06 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,997 |
| Annual Per SF | $1.14 |
| Effective Gross Income | |
|---|---|
| Annual | $258,583 |
| Annual Per SF | $36.91 |
| Taxes | |
|---|---|
| Annual | $39,930 |
| Annual Per SF | $5.70 |
| Operating Expenses | |
|---|---|
| Annual | $7,003 |
| Annual Per SF | $1.00 |
| Total Expenses | |
|---|---|
| Annual | $46,933 |
| Annual Per SF | $6.70 |
| Net Operating Income | |
|---|---|
| Annual | $211,650 |
| Annual Per SF | $30.21 |
PROPERTY FACTS
| Price | $3,426,000 | Apartment Style | Low-Rise |
| Price Per Unit | $856,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 7,005 SF |
| Cap Rate | 6.18% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.85 | No. Stories | 3 |
| No. Units | 4 | Year Built | 2023 |
| Property Type | Multifamily | Parking Ratio | 1.86/1,000 SF |
| Zoning | LARD1.5 | ||
| Price | $3,426,000 |
| Price Per Unit | $856,500 |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| Gross Rent Multiplier | 12.85 |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.16 AC |
| Building Size | 7,005 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Handrails
- Instant Hot Water
- Island Kitchen
- Loft Layout
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+4 | 1 | $5,700 | 1,776 |
| 5+5 | 3 | $5,508 | 1,709 - 1,765 |
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Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 5067-008-018 | Total Assessment | $2,974,218 |
| Land Assessment | $1,227,672 | Annual Taxes | $39,930 ($5.70/SF) |
| Improvements Assessment | $1,746,546 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5067-008-018
Land Assessment
$1,227,672
Improvements Assessment
$1,746,546
Total Assessment
$2,974,218
Annual Taxes
$39,930 ($5.70/SF)
Tax Year
2025
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4842 W 17th St - Luxury Fourplex w/ 2 Years Proven Returns
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