$1,999,999
 $10,736 est/mo Sourced by Back At You

1035 W 17th,Los Angeles, CA 90015

Los Angeles, CA 90015

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Description

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.

Details

MLS #SB26116412
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1964
Days On Site84
Listing Provided ByCapital Mortgage Service of America | Yuzu Takagi

Features

SQ Feet10,520
Story(s)2
Building(s)1
Acreage0.21

Exterior

Lot FeaturesEleven To Fifteen Units Acre

Utilities

UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90015
AreaKREA Koreatown
Listing VS Median (in 90015)
Price:
$1,999,999
low | high
Med:
$350,000
100% of Average
sqft:
10,520
low | high
Med:
690
100% of Average
$ / sqft:
$190
low | high
Med:
$507
100% of Average
On site:
84
low | high
Med:
217
38.709677419355% of Average
Sourced by Back At You

Market Activity 90015

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90015
AreaKREA Koreatown
Listing VS Median (in 90015)
Price:
$1,999,999
low | high
Med:
$350,000
100% of Average
sqft:
10,520
low | high
Med:
690
100% of Average
$ / sqft:
$190
low | high
Med:
$507
100% of Average
On site:
84
low | high
Med:
217
38.709677419355% of Average
Sourced by Back At You
Listing Updated: July 9, 2026 at 2:25:47 PM PDT