4842 W 17th St, Mid City
Luxury Fourplex w/ 2 Years Proven Returns | 6.02% CAP!
4842 W 17th St is a fully leased 2023-built luxury fourplex in prime Mid City delivering a strong 6.02% cap rate. Each of the four 5-bedroom townhome-style units features designer finishes, marble kitchens, spa-quality baths, in-unit laundry, and private balconies. With separate utilities, zero expenses, and prime proximity to Culver City and Miracle Mile, this turnkey asset offers exceptional income and long-term appreciation potential.
The Important
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$3,499,000
Fourplex
Pre-Market
4
2023
6.02%
13.13
$266,580/Year
7,005 sqft
7,001 sqft
$499.50
$874,750
1 x 5b/4b, 3 x 5b/5b
No
4 garage parking spaces, 9 uncovered parking spaces
Yes
Other Features:
Washer/Dryer in Each Unit, Separately Metered, Private Balconies
The Highlights
Fully leased 2023 construction fourplex delivering a true 6.02% cap rate with two years of proven income history
Opportunity to acquire adjacent twin buildings for a combined 12-unit (60-bedroom) portfolio
Four townhome-style 5-bedroom units, each featuring en suite baths, open-concept layouts, and high ceilings
Gross monthly income: $22,215 | Annual income: $266,580 | Net Operating Income: $210,799
Price: $3,499,000 | $874,750 per unit | $499.50 per SF | GRM: 13.13
Separately metered for all utilities with zero house expenses
12 parking spaces total (3 per unit)
Designer interiors with oversized marble waterfall islands, stainless steel LG appliances, custom cabinetry, and wide-plank wood flooring
Surrounded by major tech and media employers, offering strong tenant demand and long-term appreciation potential
The Neighborhood
<15-Minute Walk
Lucia Mediterranean Grill, Planet Fitness, n/soto, Sprouts Farmers Market, Jurassic Magic, The Pottery, Leo’s Taco Truck, Taqui Taqui, Curry in Hurry LA, Olive Garden
<15-Minute Drive
Trejo’s Tacos, Republique Cafe Bakery, Sonoratown, Spicy Sugar Thai Mid-City, Trader Joe’s, Target, Amazon Studios, HBO, Apple Music Radio Studio
<$15 Uber Ride
Met Her At a Bar, Mizlala, All Season Brewing Company, Highly Likely, Alta Adams, CENTO Pasta Bar, Honey Bee’s House of Breakfast, Chulita
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