4848,4842,4836 W 17th St, Mid-City
Rare 12-Unit New Construction Portfolio | Three Contiguous Fourplexes | 6,04% Cap
Rare opportunity to acquire a fully stabilized 12-unit new construction portfolio across three contiguous lots in Mid City. Delivering a true 6.04% cap rate with $785,460 annual gross income, the asset consists of twelve 5b/5b townhome-style units totaling 60 bedrooms. 100% leased with two years of proven history, zero house expenses, separate utilities, and flexible residential or commercial financing options.
The Important
Details
List Price:
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$10,278,000
12-Unit
Pre-Market
12
2023
6.04%
13.09
$785,460
20,880 sqft
21,005 sqft
$492.24
$856,500
9x 5b/5b, 3x 5b/4b
No
36 Parking Spaces
No
Other Features:
100% Leased, Non Rent Controlled, 3 Parcels
The Highlights
Exceptionally rare opportunity to acquire three contiguous new construction fourplexes forming a fully stabilized 12-unit portfolio delivering a true 6.04% cap rate
100% occupied across all three buildings with two years of proven rental history and minimal tenant turnover
Twelve expansive 5-bedroom, 5-bathroom townhome-style residences totaling 60 bedrooms with consistent layouts and finishes
$65,455 monthly income ($785,460 annual) with in-place rents and immediate stabilized cash flow
Zero house expenses, separately metered utilities, and operationally efficient portfolio
Portfolio may qualify for residential or commercial financing due to contiguous lot configuration
Turnkey investment with newer construction, uniform product type, and low maintenance profile
36 total parking spaces across the portfolio
Located in the heart of Mid City with quick access to Culver City, Miracle Mile, and the Jefferson Corridor
Strong tenant demand driven by proximity to major employment hubs, studios, and lifestyle amenities
Rare chance to acquire scale, uniformity, and proven performance in one of LA’s most supply-constrained submarkets
The Neighborhood
<15-Minute Walk
Cento, Chulita, Highly likely, Alta, Open Face Food Shop, Tartine West Adams, Mecca Mid-City, Mian, Genesee Avenue Park, Delicious Pizza, The Gathering Spot LA, Martin Avenue Elementary School, Cliffs of Id, Bee Taqueria
<15-Minute Drive
The Culver Steps, Ivy Station, Amazon Studios, Sony Pictures, Cognoscenti Coffee, Pasta Sisters, Father's Office, Kaiser Permanente, The Grove, The Farmer's Market, Mandrake, Target, Midtown Shopping Center
<$15 Uber Ride
Downtown Culver City, Beverly Center, Cedars Sinai, Trader Joes, Equinox, LACMA, The Culver Hotel, El Rey Theatre, The Mint, Public School, Rodeo Drive, Wilshire Country Club, Larchmont Village
Contact
Cheyenne Womack
805.973.7470
Property Presented By:
