4849 W 17th, Los Angeles, California 90019, Los Angeles, 90019 - 0 bed, 0 bath
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Los Angeles, California 90019
Analysis of 4849 W 17th, Los Angeles, California 90019 is currently available with a list price of $1,450,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property is a 1924 build currently undergoing renovations and is being offered in its current unfinished condition. While the provided images show a modern, high-end aesthetic, the listing explicitly states they are digital renderings and not actual photos. As a vacant 'value-add' project requiring completion of renovations, it currently falls under the poor category as it needs a full rehab to be livable.
Zoned LARD 1.5 on a 7,010 sqft lot, this property offers a rare redevelopment opportunity to potentially build 8-10 units, maximizing density and long-term ROI.
The property is delivered 100% vacant, allowing the buyer to avoid tenant relocation complexities and establish current market-rate rents immediately upon completion.
Situated in an 'up and coming' area near Downtown Los Angeles, the property benefits from strong local economic development and increasing demand for housing.
The property is sold in its current mid-renovation condition, requiring the buyer to possess the capital and expertise to manage ongoing construction and permitting.
At a $1.45M list price for a 907 sqft structure, the cost basis is high, making the investment's success heavily dependent on the buyer's ability to execute a high-density build.
We are pleased to present this Multifamily Investment opportunity located in Los Angeles consisting of if three units : (2) One -bedroom/one bath units and (1) Two- bedroom/one bath unit. The property is currently undergoing renovations and is completely vacant and is being offered in its current condition. For buyers seeking a fully completed renovated property, pricing will be adjusted accordingly based on the scope and level of finishes requested. The property is currently vacant and this also adds value because the new buyer will be able to establish market rents day one. The property is zoned LARD 1.5 which may allow up to 8-10 total units, subject to the buyers verification with the city. This creates a strong value-add component and a redevelopment opportunity for the right investor seeking additional density and long-term upside potential. This area has shown tons of growth and lots of business development in the immediate area is good for economic growth. Rendered Pictures are Renderings of the existing structure. This property offers a unique opportunity to build in a very up and coming area and close to Downtown LA. Buyer to do all investigation on building opportunities with the city
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 907 | 2,250 |
| Lot Size | 7,010 | 5,864 |
| Price | $1.45M | $826.7K |
| Price per sq ft | $1.6K | $395 |
| Built year | 1924 | 1925 |
| HOA | $0 | $0 |
| Days on market | 0 | 83 |
Jun 19, 2026
$1,450,000
Initial Listing
Apr 18, 2024
$855,000
Public Record