12-Unit Multifamily Apartment
For Sale
$1,999,999
1035 W 17th, Los Angeles, CA 90015
Fully occupied 12-unit multifamily asset with current NOI of $112,593 and an in-place 5.63% cap rate.
Property Size10,520 SF
Days on Market115
Property Features for 1035 W 17th
General Information
Standard status
Active
Size
10,520 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Cap Rate
5.63%
Multifamily Units
12
Building Details
Building Size
10,520 SF
Year Built
1964
Tenancy
Multi
Listing Agency:
Capital Mortgage Service of America
Listed By:
Yuzu Takagi · License #02019202
Source:
Archetyperealty
Added: May 8
Changed: Aug 28
Last Checked: Aug 29 at 2:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capital Mortgage Service of America
Investment Insights
Based on property information with market context.
This offering presents a 12-unit multifamily apartment building currently operating at 100% occupancy. The property is reported to have a current NOI of $112,593 and a 5.63% cap rate, with current gross income of $166,224. Ownership has been in place since 1982, and select improvements noted include plumbing upgrades and seismic retrofitting intended to support long-term stability.
The property is located in the Pico-Union neighborhood, described as minutes from Downtown Los Angeles and the LADT employment hub, with access to major transportation routes and a dense employment base supporting consistent rental demand.
As described, the current rent structure is maintained below-market levels, and the offering highlights potential for meaningful rental growth, along with a projected pro forma cap rate of 8–9% based on the stated income repositioning opportunity.
The property is located in the Pico-Union neighborhood, described as minutes from Downtown Los Angeles and the LADT employment hub, with access to major transportation routes and a dense employment base supporting consistent rental demand.
As described, the current rent structure is maintained below-market levels, and the offering highlights potential for meaningful rental growth, along with a projected pro forma cap rate of 8–9% based on the stated income repositioning opportunity.
Key Highlights
- 12‑unit multifamily building built in 1964
- Fully occupied (100%) with current NOI of $112,593 and a 5.63% cap rate
- Current gross income of $166,224
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,765
Businesses Nearby
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 12-unit multifamily asset with current NOI of $112,593 and an in-place 5.63% cap rate.
Where is this apartment building located?
The property is located at 1035 W 17th Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 12‑unit multifamily building built in 1964; Fully occupied (100%) with current NOI of $112,593 and a 5.63% cap rate; Current gross income of $166,224
