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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,225,000

Est. payment - /mo

10 Beds

10 Baths

6,916 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,916 sqft

Price per Sqft $321

MLS Listing ID 26812791

Bedrooms 10

HOA Y/N No

Year Built 1964

Lot Size 7,004 Sqft

Property Description

This partially stabilized asset presents a compelling ~29% rent upside, offering new ownership a path to meaningful short-term gains and long-term growth through targeted updates and strategic tenant turnover. The unit mix(2) 2-Bed/2-Bath units, (6) 1-Bed/1-Bath units, and (2) 2-Bed/2-Bath ADUs strikes a strong balance between stability and flexibility. Larger units appeal to long-term renters, while smaller units allow for more frequent rent adjustments aligned with market trends. Two income-generating, legally permitted ADUs further enhance the property's earning potential. Located in Mid-City, one of Los Angeles' most central and renter-heavy neighborhoods, the property sits between key employment hubs like Downtown LA, Culver City, Beverly Hills, and Hollywood. With over 63% of households renting and the median homebuyer needing to earn over $222K annually to afford a home, demand for rentals remains high, particularly in relatively affordable, well-located areas like this. Tenants also benefit from access to strong economic drivers, including Cedars-Sinai, USC, the Wilshire Miracle Mile, and key Metro lines, making this a strategically positioned asset for long-term investment.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Laundry Common Area

Exterior

Parking Features Concrete

Total Parking Spaces 4

Building

Faces North

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5071013041

Special Listing Condition Standard

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Listed by Saadia 'Sam' Liberow Marcus & Millichap #01933858

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4546 W 17th ST Los Angeles, CA 90019