517 West 117th Street
A 2007-Constructed Six-Unit Townhome-Style Community in South LA
Marketing description
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 517 West 117th Street, a six-unit apartment community located in South Los Angeles, alongside the 105 Freeway.
Built in 2007, the property is comprised of six two-bedroom / one-and-a-half-bath townhome-style units, each featuring in-unit washer/dryer hookups (one unit includes a washer/dryer) and assigned, gated parking. Situated on a generous 15,311-square-foot lot, the property is improved with a 5,208-square-foot building, leaving substantial excess land that may offer additional development potential. One option may be to add six ADUs, offering an opportunity to expand density, income, and long-term value.
Beyond the existing improvements, the property’s C2-2D-CPIO zoning and Tier 4 TOC designation present significant redevelopment potential. Based on the 15,311 SF lot, the property may support over 70 units by right — without the use of ED1 — offering a compelling long-term development opportunity.
517 West 117th Street offers investors the opportunity to acquire a newer construction multifamily asset with the potential to increase density in a well-located infill pocket of South Los Angeles. The property provides immediate access to the 105 Freeway and is conveniently situated near a wide range of retail amenities and daily services.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Investment highlights
NEWER CONSTRUCTION (2007)
Built in 2007 — significantly newer than the surrounding housing stock, offering lower maintenance and modern, functional unit layouts
DESIRABLE UNIT MIX
All six units are spacious two-bedroom / one-and-a-half-bath townhome-style residences with in-unit washer/dryer hookups (one unit includes a washer/dryer) and assigned, gated parking
SIGNIFICANT DEVELOPMENT UPSIDE
Zoned C2-2D-CPIO with a Tier 4 TOC designation, the 15,311 SF lot may support over 70 units by right — without the use of ED1 — presenting a compelling redevelopment opportunity — buyer to verify
IMMEDIATE FREEWAY ACCESS
Located directly alongside the 105 Freeway — providing residents fast, direct connectivity to the 110, the South Bay, LAX, and Downtown LA
POTENTIAL ADU UPSIDE
The property’s excess land may support the addition of six ADUs — an opportunity to meaningfully expand income and value — buyer to verify
EASY-TO-MANAGE ASSET
A six-unit configuration offering operational simplicity and stability from day one
NON-RENT CONTROLLED UNITS
All units are exempt from the Los Angeles Rent Stabilization Ordinance. Rent increases are subject to AB 1482, permitting annual increases of 5% plus CPI — enabling ownership to reach market rents within a few years
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