4842 W 17th St, Mid City
Luxury Fourplex w/ 2 Years Proven Returns | 6.18% CAP!
Fully leased 2023 built luxury fourplex in Mid City delivering a true 6.18% cap rate with all units positioned for rent growth. 7,005 SF turnkey asset with zero house expenses, separate utilities, 12 parking spaces, and strong two year operating history. Can be purchased individually or as part of a rare contiguous 12 unit portfolio generating $785,460 annual gross income.
The Important
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$3,426,000
Fourplex
Pre-Market
4
2023
6.18%
12.85
$266,580/Year
7,005 sqft
7,001 sqft
$489.00
$856.500
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 6.18% cap rate with two years of proven income history
Opportunity to acquire adjacent twin buildings for a combined 12-unit (60-bedroom) portfolio with $10,278,000 total yearly income.
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: $3,426,000 | $856,500 per unit | $489.08per SF | GRM: 12.85
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 like 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
Property Presented By:
