1304 W 17th Street

Immerse yourself in the vibrant energy of Los Angeles at this prime location. Situated near Downtown Los Angeles, the area offers convenient access to top attractions and amenities, including Staples Center, LA Live, and the historic Pico-Union neighborhood. The area is also known for its diverse dining options, cultural landmarks, and thriving arts scene, making it an appealing prospect for multifamily and mid-rise investors seeking a dynamic urban environment. With its central location and desirable surroundings, this property presents a compelling opportunity to become a part of the rich tapestry of Los Angeles living.This updated 7-unit multifamily 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 delivered fully occupied and generating immediate income at 9.99 GRM and 7.01% Cap rate, with renovated interiors across a prime urban lot. Ideal for both owner-users and investors seeking cash flow and scalable value-add in vibrant Pico-Union. Renovated units feature modern upgrades, including luxury vinyl plank flooring, updated kitchens, remodeled bathrooms, ceiling fans, fresh paint, and living room fireplaces. The property offers pet-friendly appeal, air conditioning, included refrigerators, and optional assigned parking. Excellent value-add potential through 29% rental upside to stabilize at 7.74 GRM and 9.53% Cap rate, with opportunities to optimize rents amid strong LA multifamily demand and low vacancy trends. Current Management is offering to continue a 3% Fee for NEW Owners!! Situated in the Pico-Union/Westlake location with easy access to I-10/110 Freeways, Downtown LA, USC, Koreatown, and employment hubs like Sony, Apple, HBO, Google, and Meta, this property blends turnkey income with future appreciation in one of Los Angeles’s most accessible rental markets. 304 W 17th Street delivers immediate yields and long-term hold potential.