$1,899,999

1035 W 17th, Los Angeles CA, 90015

Price per sqft$180.61

Built in1964

Property size10,520 sqft

Property typeCommercial

Listed by Yuzu Takagi CA DRE# 02019202 with Capital Mortgage Service of America [email protected]

Overview

Active

Listed Oct 1, 2026

Updated 5 days ago

Exceptional investment opportunity in the heart of Pico-Union, Los Angeles. This well-maintained 12-unit multifamily property at 1035 W 17th Street offers stable cash flow with significant upside potential. Built in 1964, the property sits on a 9,365 SF lot with 10,520 SF of rentable space, featuring a desirable unit mix of studios, one-bedroom, and two-bedroom apartments. Currently operating at 100% occupancy with all tenants on a month-to-month basis, providing maximum flexibility for future rent adjustments. The property has been owned by the same family since 1982 and has undergone key capital improvements including seismic retrofitting and plumbing upgrades — both permits in place. The current cap rate is 6.78% with a pro forma cap rate of 9.78%, reflecting substantial rental upside as current rents remain well below market rate. Self-managed with no management fee, keeping operating expenses lean. Conveniently located minutes from Downtown Los Angeles, the 110 Freeway, L.A. LIVE, and Crypto.com Arena. $2,000,000 Now $1,900,000 | 12 Units | Cap Rate: 6.78% | Pro Forma Cap: 9.78% | Price/Unit: $158,333

Additional information

MLS^® ID: SB26214528

Interior Features

Basement: No

Exterior Features

Lot Size: 0.21 Acres

Other Property Details

Taxes: $7,193
Tax Frequency: Annually

Listed by Yuzu Takagi CA DRE# 02019202 with Capital Mortgage Service of America [email protected]

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/2/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/2/2026 at 5:23 AM UTC Last Checked: 5:23 AM UTC