4546 West 17th Street, Los Angeles, CA 90019 For Sale

~29% Rent Upside

This partially stabilized asset offers nearly 30% upside in rental income. With strategic updates and turnover management, new ownership can unlock significant near-term gains and elevate the property’s long-term performance.

Balanced Unit Mix with Built-In Flexibility

The mix of (2) 2-Bed/2-Bath, (6) 1-Bed/1-Bath, and (2) 2-Bed/2-Bath ADUs provides an ideal balance of unit types. The larger units attract long-term renters, promoting income stability, while the 1-bed units offer higher turnover opportunities, allowing frequent rent adjustments aligned with market growth.

Income-Generating ADUs

Two legally permitted ADUs enhance this property’s revenue profile. With California’s pro-ADU legislation, these additions are both compliant and lucrative—delivering value in a market where maximizing land use is crucial.

Mid-City: A Core Los Angeles Submarket

Centrally located in the heart of Los Angeles, Mid-City sits between major employment hubs— Downtown LA, Culver City, Beverly Hills, and Hollywood. The neighborhood is densely populated and renter-heavy, with about 63.4% of households renting. Its cultural diversity, access to major thoroughfares, and proximity to employment corridors make it a dependable rental market.

Rent vs. Buy Affordability Gap Favors Investors

In LA County, the median homebuyer needs to earn over $222K/year to afford a median-priced home, while the average renter pays ~$2,200/month—a massive affordability gap. This drives consistent demand for rentals, especially in neighborhoods like Mid-City where location meets relative affordability.

Strong Regional Economic Drivers

The property benefits from proximity to several regional job engines, including the Wilshire Miracle Mile museum district, Cedars-Sinai, USC, and the Expo & Crenshaw Metro lines. The nearby employment ecosystem includes entertainment, healthcare, higher education, and government sectors—offering tenants stable, diverse job access.