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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
Property Type(s):
Commercial
| Last Updated | 10/1/2026 | Year Built | 1964 |
|---|---|---|---|
| Community | KREA - Koreatown | County | Los Angeles |
Additional Details
| AREA | KREA - Koreatown |
|---|---|
| LOT | 9352 sq ft |
| LOT DIMENSIONS | 9354 |
| STORIES | 2 |
| TAXES | 7193 |
Location
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Listed with Capital Mortgage Service of America
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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