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4848 17th , Los Angeles, CA 90019
Priced at Only: $10,278,000
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Address: 4848 17th , Los Angeles, CA 90019
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  • MLS#: BB26036696 ( Apartment )
  • Street Address: 4848 17th
  • Viewed: 1
  • Price: $10,278,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2023
  • Bldg sqft: 0
  • Days On Market: 4
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90019
  • Provided by: Myunits.com Inc.
  • Contact: Lauren Lauren
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    4848, 4842, and 4836 W 17th Street are an exceptionally rare opportunity to acquire three contiguous fourplexes, a fully stabilized 12 unit portfolio consisting of sixty total bedrooms across twelve expansive 5 bedroom, 5 bathroom units, delivering a true 6.04% cap rate. Opportunities to acquire side by side new construction assets with uniform unit mix, scale, and proven income history at this level of return in Mid City are virtually nonexistent. Built in 2023 and fully leased across three separate APNs, the portfolio produces $785,460 in annual gross income with two years of rental history and minimal turnover. The properties operate with zero house expenses, are separately metered for utilities, and due to their contiguous configuration may qualify for either residential or commercial financing, providing investors flexible capital structuring options. Each townhome style residence features five bedrooms with en suite baths, open concept layouts, oversized marble waterfall islands, sleek cabinetry, stainless steel LG appliances, designer lighting, and wide plank flooring. Units include two full laundry sets, large closets, spa quality bathrooms with marble tile and matte black fixtures, and private balconies. Consistent construction quality and identical layouts across all buildings create operational efficiency and long term tenant appeal. Positioned in the heart of Mid City with direct access to Culver City, Miracle Mile, and the Jefferson Corridor, this offering combines immediate stabilized cash flow with long term appreciation potential in one of Los Angeles most active rental corridors.
Features
Additional Parcels Description
  1. 5067-008-018
  2. 5067-008-019
Appliances
  1. Dishwasher
  2. Electric Oven
  3. Freezer
  4. Gas Range
  5. Microwave
  6. Refrigerator
Building Area Total
  1. 20880.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. Central Air
Country
  1. US
Electric
  1. Standard
Electric Expense
  1. 0.00
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 12.00
Heating
  1. Central
Insurance Expense
  1. 12529.00
Laundry Features
  1. Dryer Included
  2. Inside
  3. Washer Hookup
  4. Washer Included
Levels
  1. Three Or More
Lot Features
  1. Landscaped
Netoperatingincome
  1. 620537.00
Newtaxesexpense
  1. 122031.00
Number Of Separate Electric Meters
  1. 12
Number Of Separate Gas Meters
  1. 12
Number Of Separate Water Meters
  1. 12
Number With Dishwasher
  1. 12
Number With Range
  1. 12
Number Wit Hrefrigerator
  1. 12
Parcel Number
  1. 5067008017
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 456899769:CRM
Spa Features
  1. None
Tenant Pays
  1. All Utilities
Totalactualrent
  1. 65455.00
Totalexpenses
  1. 141359.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 23564
View
  1. City Lights
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 2023
Year Built Source
  1. Builder
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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