Six-Unit Townhome-Style Apartment
For Sale
$1,695,000
517 W 117th St, Los Angeles, CA 90044
Newer multifamily property with gated parking, in-unit laundry hookups, and transit access near the 105 Freeway.
Property Size5,208 SF
Lot Size0.35 Acres
Price / SF$325.46
Days on Market83
Property Features for 517 W 117th St
General Information
Standard status
Active
Size
5,208 SF
Lot size
0.35 Acres
Property subtype
Multifamily
Zoning
C2-2D-CPIO
Units
Unit Mix
6 x 2BR/1.5BA
Multifamily Units
6
Additional Details
Cap Rate
6.47%
Highway Access
Yes
Amenities
in-unit washer/dryer hookups
assigned gated parking
Built in 2007 — significantly newer than the surrounding housing stock, offering lower maintenance and modern, functional unit layouts
Six 2BD/1.5BA townhome-style units with in-unit W/D hookups (one unit includes a W/D) and assigned, gated parking
C2-2D-CPIO zoning with Tier 4 TOC — 15,311 SF lot may support 70+ units by right without ED1. Buyer to verify
Located directly alongside the 105 Freeway — providing residents fast, direct connectivity to the 110, the South Bay, LAX, and Downtown LA
The property's excess land may support the addition of six ADUs — an opportunity to meaningfully expand income and value — buyer to verify
A six-unit configuration offering operational simplicity and stability from day one
All units are exempt from the Los Angeles Rent Stabilization Ordinance. Rent increases are subject to AB 1482, permitting annual increases of 5% plus CPI — enabling ownership to reach market rents within a few years
Building Details
Building Size
5,208 SF
Year Built
2007
Buildings
1
Units
6
Listing Agency:
Marcus & Millichap - Los Angeles
(213) 943-1897
Listed By:
Sean Rosenzweig · License #License(s): CA: 01406343
(213) 943-1897
Source:
Marcusmillichap
Added: Jun 9
Changed: Aug 30
Last Checked: Aug 30 at 6:30AM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Built in 2007, this multifamily property contains six townhome-style residences, each configured with two bedrooms and one-and-a-half baths. The units include in-unit washer/dryer hookups, with one residence equipped with a washer and dryer, along with assigned gated parking. The 5,208-square-foot building sits on a 15,311-square-foot lot with additional land beyond the existing improvements.
Located in South Los Angeles near the 105 Freeway, the property offers direct freeway access and proximity to retail amenities and daily services. C2-2D-CPIO zoning and a Tier 4 TOC designation support the stated redevelopment framework, including potential consideration of six ADUs and a possible by-right density exceeding 70 units based on the lot size, subject to applicable requirements.
Located in South Los Angeles near the 105 Freeway, the property offers direct freeway access and proximity to retail amenities and daily services. C2-2D-CPIO zoning and a Tier 4 TOC designation support the stated redevelopment framework, including potential consideration of six ADUs and a possible by-right density exceeding 70 units based on the lot size, subject to applicable requirements.
Key Highlights
- Six two‑bedroom / one‑and‑a‑half‑bath townhome‑style units
- Built in 2007 with a 5,208‑square‑foot building
- 15,311‑square‑foot lot with excess land beyond the existing improvements
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 90044, CA
94,354
Population
28,770
Households
3.3
Avg Household Size
33
Median Age
11%
College-Educated
64%
High-School Grad
5.1 sq mi
ZIP Area
18,501
Density / Sq Mi
$51,433
Median Household Income
$32,426
Median Earnings
$1,427
Median Rent
$588,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Newer multifamily property with gated parking, in-unit laundry hookups, and transit access near the 105 Freeway.
Where is this apartment building located?
The property is located at 517 W 117th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Six two‑bedroom / one‑and‑a‑half‑bath townhome‑style units; Built in 2007 with a 5,208‑square‑foot building; 15,311‑square‑foot lot with excess land beyond the existing improvements
