4823 W 17TH Street

    Los Angeles (City), CA 90019
    • $2,250,000
    • STATUS: Active
    • ON SITE: 159 days
    • ID#: 19512978
    UPDATED: 33 min ago
    $2,250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    I am pleased to offer for sale a nine-unit apartment community located at 4823 West 17th Street. The subject property is located just south of Venice Boulevard within the Mid-City sub-market in a dense infill pocket of Los Angeles. The property comprises of five one-bedroom units and four two-bedroom units. Current ownership has extensively renovated of the nine units at the property including adding stainless appliances, new flooring and upgraded kitchens and bathrooms. Additionally, the common area has been improved with new exterior enhancements and landscaping upgrades. Due to its 1960 construction, the property is subject to Los Angeles rent control statutes. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue renovating the additional two units and achieve superior future returns moving forward make 4823 West 17th Street an excellent acquisition opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-27T21:34:12.493. 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 deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

    www.livelovethefoothills.com/homes/99184101

    4823 W 17TH Street Los Angeles (City), CA 90019

    • Price: $2,250,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: 19512978
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1960
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    I am pleased to offer for sale a nine-unit apartment community located at 4823 West 17th Street. The subject property is located just south of Venice Boulevard within the Mid-City sub-market in a dense infill pocket of Los Angeles. The property comprises of five one-bedroom units and four two-bedroom units. Current ownership has extensively renovated of the nine units at the property including adding stainless appliances, new flooring and upgraded kitchens and bathrooms. Additionally, the common area has been improved with new exterior enhancements and landscaping upgrades. Due to its 1960 construction, the property is subject to Los Angeles rent control statutes. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue renovating the additional two units and achieve superior future returns moving forward make 4823 West 17th Street an excellent acquisition opportunity.
    Exterior Features

    Lot Size Source Assessor Parking Features Covered Parking YN Yes

    Property Features

    Gross Income 155096.00 Gross Multiplier 14.51 Gross Operating Income 156761.00 Net Operating Income 89888.00 Senior Community YN No Special Listing Conditions Standard Zoning Rd1.5-1-O

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-27T21:34:12.493. 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 deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

     
    The Costantino Group | Cal American Homes and Realty
    405 West Foothill Blvd Suite 203
    Claremont CA, 91711