About 1035 W 17th
1035 W 17th Street is Rare Value-Add Multifamily Opportunity Near DTLA & Koreatown! Fully occupied 12-unit investment property located in the highly sought-after Pico-Union submarket, just minutes from Downtown Los Angeles, Koreatown, and USC. This stabilized asset offers immediate cash flow with approximately $112,000 NOI and a 5.63% CAP rate, while presenting a compelling opportunity to increase revenue through rental repositioning. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property benefits from strong in-place occupancy, consistent tenant demand, and a strategic location within one of Los Angeles' most active rental corridors. Investors will appreciate the combination of stable income today and significant upside tomorrow, with a projected 8–9% Pro Forma CAP rate through future rent growth. Opportunities to acquire a 100% occupied, cash-flowing 12-unit asset near DTLA at this price point are increasingly limited. Ideal for investors seeking immediate yield, long-term appreciation, and value-add potential in a high-demand urban market.
Features of 1035 W 17th
| MLS® # | SB26116412 |
|---|---|
| Price | $1,999,999 |
| Bathrooms | 0.00 |
| Lot Size | 9,354 |
| Year Built | 1964 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1035 W 17th |
|---|---|
| Area | KREA - Koreatown |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90015 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | ElevenToFifteenUnitsAcre |
|---|
Additional Information
| Date Listed | March 1st, 2026 |
|---|---|
| Days on Market | 104 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Yuzu Takagi |
|---|---|
| Office | Capital Mortgage Service of America |