Samimi CRE Advisors
    Listings/1304 W 17th Street
    1304 W 17th Street - Photo 1
    multifamilyActive Listing

    1304 W 17th Street

    Los Angeles, CA 90006

    Valuation

    $1,525,000

    Key Specifications

    Total Units

    7

    multifamily

    Year Built

    1902

    Heritage Asset

    Interior

    5,037 SF

    $303 / SF

    Lot Area

    6,380 SF

    Unit Mix

    multifamily

    3x 1-Bed/1-Bath, 2x 2-Bed/1-Bath, 2x 2-Bed/2-Bath

    Investment Highlights

    Immediate income, operating at a 9.99 GRM and 7.01% Cap rate.
    Ideal for owner-users entering the LA multifamily market or investors scaling a value-add portfolio.
    Desirable unit mix: (3) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, (2) 2-Bed/2-Bath.
    Approx. 29% rental upside, with projected stabilization at 7.74 GRM and 9.53% Cap rate.
    Desirable location, minutes to major employment centers (Culver City, DTLA, Koreatown tech and media offices) and key freeways, supporting long-term renter demand.

    Property Overview

    This updated 7-unit multifamily property at 1304 W 17th Street offers a strong mix of (3) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, and (2) 2-Bed/2-Bath units. The property is delivered fully occupied and generates immediate income at a 9.99 GRM and 7.01% Cap rate. The interiors are renovated, making it ideal for both owner-users and investors seeking cash flow and scalable value-add in the vibrant Pico-Union area. Renovated units feature modern upgrades such as luxury vinyl plank flooring, updated kitchens, remodeled bathrooms, ceiling fans, fresh paint, and living room fireplaces. The property is pet-friendly, includes air conditioning, refrigerators, and optional assigned parking. There is excellent value-add potential through a 29% rental upside, with projected stabilization at 7.74 GRM and 9.53% Cap rate, offering opportunities to optimize rents amidst strong LA multifamily demand and low vacancy trends. Current management is offering to continue with a 3% fee for new owners. Situated in the Pico-Union/Westlake location, the property offers easy access to 1-10/110 Freeways, Downtown LA, USC, Koreatown, and major employment hubs like Sony, Apple, HBO, Google, and Meta. This property combines turnkey income with future appreciation in one of Los Angeles's most accessible rental markets, providing immediate yields and long-term hold potential.