$1,999,999
About this home
1035 W 17th Street is Rare Value-Add Multifamily Opportunity Near DTLA & Koreatown! Fully occupied 12-unit investment property located in the highly sought-after Pico-Union submarket, just minutes from Downtown Los Angeles, Koreatown, and USC. This stabilized asset offers immediate cash flow with approximately $112,000 NOI and a 5.63% CAP rate, while presenting a compelling opportunity to increase revenue through rental repositioning. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property benefits from strong in-place occupancy, consistent tenant demand, and a strategic location within one of Los Angeles' most active rental corridors. Investors will appreciate the combination of stable income today and significant upside tomorrow, with a projected 8–9% Pro Forma CAP rate through future rent growth. Opportunities to acquire a 100% occupied, cash-flowing 12-unit asset near DTLA at this price point are increasingly limited. Ideal for investors seeking immediate yield, long-term appreciation, and value-add potential in a high-demand urban market.
Facts & features
- Laundry
- None
- Lot size
- 0.215 acres (9,354 sq ft)
- Year built
- 1964
- Area
- KREA - Koreatown
- County
- Los Angeles
- Status
- Active
- Property type
- Multi Family
- Days on market
- 0
- Listed
- 2026-03-01
- Terms
- Exchange 1031
- Parcel #
- 5135024006
- MLS #
- SB26116412
