12-Unit Multifamily Apartment
1035 W 17th St Los Angeles, CA 90015
1035 W 17th St, Los Angeles, CA, 90015
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For Sale
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Fully occupied 12-unit multifamily asset with current NOI of $112,593 and an in-place 5.63% cap rate.
Property Size9,351 SF
Price / SF$213.88
Days on Market85
Property Features for 1035 W 17th St
General Information
- Standard status
- Active
- Size
- 9,351 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1964
Listing agency
The Virtual Realty Group
Listed by
Sean Kumar · License #CA 02163448
Source
Crexi
Added: Apr 28 Updated: Jul 20 at 10:31PM Checked: Jul 20 at 10:31PM
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 The Virtual Realty Group
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
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FAQs
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 St 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
