Luxury Fourplex w/ 2 Years Proven Returns | 6.18% CAP!
Multifamily | 4 Units | $856,500/unit
Marketing description
The 2-4 Unit Specialists are pleased to present 4842 W 17th St, a fully leased luxury fourplex delivering a true 6.18% cap rate with all units due for rent increases. Built in 2023, this massive 7,005 sqft designer style property sits in red hot Mid City and represents one of the strongest turnkey opportunities in the submarket. The asset can be acquired individually or as part of a rare three building portfolio (all contiguous lots), with identical twin properties on each side creating a 12 unit, 60 bedroom collection with $785,460/ yearly gross income. All three buildings are fully leased with two years of proven income history, offering immediate stabilized performance and long term appreciation potential. Please inquire for full portfolio pricing.
Each of the four townhome style residences offers five bedrooms and en suite baths with open concept layouts, oversized marble waterfall islands, sleek cabinetry, stainless steel LG appliances, designer lighting, and wide plank wood like flooring. Every unit includes two full laundry sets, large closets, spa quality bathrooms with marble tile and matte black fixtures, and private balconies off the bedrooms. The property provides 12 total parking spaces, is separately metered for all utilities, and operates with zero house expenses.
Located in the heart of Mid City, 4842 W 17th St offers unbeatable access to LA’s most active employment and lifestyle hubs. Just minutes from Culver City, Miracle Mile, and the Jefferson Corridor, this location attracts a stable tenant base of professionals and families seeking high end living near major studios, tech campuses, and entertainment centers. With continued development transforming the Mid City corridor, investors benefit from both strong current cash flow and long term appreciation potential.
Schedule a call with our team to review the financials and explore the full portfolio opportunity.
Investment 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
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