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4546 W 17th St 10 Unit Apartment Building $3,021,550 CAD ($302,155 CAD/Unit) 6.09% Cap Rate Los Angeles, CA 90019
Investment Highlights
- ~29% rent upside with clear path to short-term gains and long-term growth through updates and tenant turnover
- Prime Mid-City LA location with strong rental demand, central access to major job hubs, and proximity to key employers and transit
- Diverse unit mix (2x 2B/2B, 6x 1B/1B, 2x 2B/2B ADUs) balancing stable tenants and flexible rent increases, plus added income from permitted ADUs
Executive Summary
This partially stabilized asset presents a compelling ~29% rent upside, offering new ownership a path to meaningful short-term gains and long-term growth through targeted updates and strategic tenant turnover. The unit mix(2) 2-Bed/2-Bath units, (6) 1-Bed/1-Bath units, and (2) 2-Bed/2-Bath ADUs strikes a strong balance between stability and flexibility. Larger units appeal to long-term renters, while smaller units allow for more frequent rent adjustments aligned with market trends. Two income-generating, legally permitted ADUs further enhance the property's earning potential. Located in Mid-City, one of Los Angeles' most central and renter-heavy neighborhoods, the property sits between key employment hubs like Downtown LA, Culver City, Beverly Hills, and Hollywood. With over 63% of households renting and the median homebuyer needing to earn over $222K annually to afford a home, demand for rentals remains high, particularly in relatively affordable, well-located areas like this. Tenants also benefit from access to strong economic drivers, including Cedars-Sinai, USC, the Wilshire Miracle Mile, and key Metro lines, making this a strategically positioned asset for long-term investment.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,021,550 CAD | Property Subtype | Apartment |
| Price Per Unit | $302,155 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.09% | Building Size | 6,916 SF |
| Gross Rent Multiplier | 10.47 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1964 |
| Property Type | Multifamily | ||
| Zoning | LARD1.5 - residential | ||
| Price | $3,021,550 CAD |
| Price Per Unit | $302,155 CAD |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| Gross Rent Multiplier | 10.47 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,916 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | LARD1.5 - residential |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+2 | 4 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5071-013-041 | Total Assessment | $2,891,788 CAD |
| Land Assessment | $2,159,198 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $732,589 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5071-013-041
Land Assessment
$2,159,198 CAD
Improvements Assessment
$732,589 CAD
Total Assessment
$2,891,788 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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4546 W 17th St
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