FULLY STABILIZED CASH FLOWING 4% RENT INCREASE DUE OR UP COMING SOON 4 INDIVIDUALLY METERED UNITS INCREDIBLE 360 HILLTOP VIEWS ROOFTOP DECK 14 BEDROOMS + 2 DENS / FLEX SPACE that could be used as a small bedroom… Read More and private patio/backyard + 14 bathrooms GREAT FOR 1031 EXCHANGE. Discover an exceptional investment opportunity with this newly constructed, modern property located at 4712 W 17th St, Los Angeles, CA 90019. Completed in Q4 2023, this sleek contemporary complex presents 4 three-story townhome-style apartments, offering a total of 7,529 of gross building SF on a generous 7,000 SF lot that sits on a hilltop providing incredible sweeping 360 views of the city that tenants enjoy from their rooftop deck or balconies. At only 4 units, this property qualifies for residential financing making it easier to secure a loan than commercial properties. The property is fully stabilized by quality tenants generating high cash flow and minimal expenses. It boasts a total of 14 ensuite bedrooms + 2 Dens distributed across the four units which are individually metered for utilities, providing a mix of one 5-bedroom unit with a large private rooftop deck, Private Patio and 2 Primary bedrooms, and three 3-bedroom units to cater to diverse renter demographics. Two of the 3-bedroom units have dens that can be utilized as a fourth bedroom. Each unit features an elegant and timeless design, showcasing a neutral color palette complemented by striking marble and wood finishes, creating a luxurious and sophisticated ambiance.Situated in the heart of Mid-City, Los Angeles, boasts a prime location that effortlessly combines historical charm with modern convenience. The surrounding neighborhood features tree-lined streets, classic architecture, and a vibrant, diverse community, creating a welcoming atmosphere. Its central location provides easy access to major Los Angeles destinations, including Downtown LA, Culver City, and the Westside, via major thoroughfares such as Venice Blvd., Pico Blvd., La Brea Ave., and the 10 Freeway. Residents are close to a wide array of local shops, cafes, restaurants, cultural attractions, and entertainment, making Mid-City a perfect location for those seeking a balanced and dynamic urban lifestyle.This premier investment property in a highly desirable Los Angeles neighborhood boasts modern design, high-quality finishes, and an ideal location. Contact us today to schedule a tour. Read Less
Property listed by Keller Williams Hollywood Hills, Yohann Bensimon 310-623-1300
Listing Snapshot
Days Online
58
Last Updated
Property Type
Other
Beds
16
Square Ft.
7,529
Lot Size
0.16 Acres
Year Built
2023
MLS Number
25503083
Additional Details
Appliances & Equipment
Disposal, Microwave, Refrigerator, Dryer, Washer
Building
Built in 2023, Building area total: 7,529, Levels: ThreeOrMore, Living area: 7529, 2 buildings
Community
Gated
Cooling
CentralAir
Heating
Central
Income
Gross income: $238,776, Net operating income: $189,336
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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