Prime Mid-City | 9-Unit Apartment
Marcus and Millichap’s The LA Group is pleased to present a
premium 9-unit apartment building, located at 4823 W. 17th St, Los
Angeles CA 90019.
This centrally-located Mid-City neighborhood has seen both rental rates and housing demand rise steadily in recent years, as residents driven by the creative and tech community have been relocating from nearby Culver City and Downtown LA. Originally constructed in 1960, the property has been redeveloped and improved, and the soft-story retrofit has been completed. It features 9 apartment units with 5 one-bedrooms, 4 two-bedrooms, within its 6,559 gross square feet. Its location has a Walk Score of 78 and is considered very walkable as most errands can be accomplished on foot. It is in close proximity to many amenities including the trendy Adams Coffee Shop, Con Sabor a Peru - a favorite local restaurant, Roscoe’s House of Chicken and Waffles, the US Post Office, a Sprouts supermarket, and other neighborhood markets and retail establishments. Only 1.5 miles away is the brand-new state of the art Kaiser Permanente, and is 3 short miles to Culver City, home of several notable corporate companies including Apple, HBO, and Sony Pictures. It also has convenient access to the 10 Freeway.
This property is a great opportunity for an investor who is interested in capitalizing on current low-interest rates in
Building Size: 6,559 SF
Lot Size: .21 Acres
Number of Units: 9
Year Built: 1960
Well Maintained Property
5 of 9 Units Renovated
Completed Soft Story Retrofit
Current CAP: 4.28% / Proforma CAP: 6.00%
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