3414 W 17th St, Los Angeles, CA 90019

3414 W 17th St, Los Angeles, CA 90019

Los Angeles, CA

Property Description


  • Huge upside in rents
  • Large units averaging 834 square feet
  • Ample parking for all tenants with three (3) tandem parking spaces and five (5) individual open parking spaces
  • Excellent Unit mix consisting of (2) 2 Bed/1 Bath and (6) 1 Bed/1 Bath spacious units
  • Central Location in Prime Mid-City, Close Proximity to all Business and entertainment Hubs of Los Angeles
  • Well Maintained Building with Great Curb Appeal on a Corner Lot


We are pleased to present an 8 unit offering located at 3414 17th St. Built in 1965, the building boasts an excellent unit mix consisting of (2) 2 Bed/1 Bath and (6) 1 Bed/1
Bath spacious units on a 7,000 square foot corner lot zone LAR3. With over 40% upside in rents, this offering provides an investor with the ability to acquire a well-located asset
with huge upside potential. The building has been nicely maintained over the years and provides great curb appeal with its nicely landscaped exterior. The property offers onsite laundry and ample parking with 9 spaces for tenants. The asset is very well located between Venice and Washington in a great rental pocket of the Mid City. It’s strategically located in close proximity to the 10-freeway providing the ability to access all of the major employment hubs of Los Angeles, a major amenity for renters in the area. The ow-density neighborhood surrounding the property offers quiet residential feel, while still being centrally located in the city, giving tenants the best of both worlds. Additionally, the Mid City has experienced year over year increases in rental rates with very low historical vacancy. With it’s central location, low vacancy, and rental growth, this asset will provide a new owner with a great long term investment.

Property Features

  • Sale Price: $1,625,000
  • Area Size: 6,674 Sq. Ft.
  • Land Area: 7,000 Sq. Ft.
  • Year Built: 1965
  • Listing Date: 8/01/2022
  • Closing Date: 10/08/2022
  • Units: 8
  • Current GRM: 15.54
  • Current Cap Rate: 3.55%
  • Price Per Unit: $249,375
  • Market GRM: 10.87
  • Market Cap Rate: 5.95%
  • Current NOI: $70,759

Lyon Stahl Investment Real Estate

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