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$1,550,000
Est. payment /mo
6,608 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26175614
HOA Y/N No
Year Built 1905
Lot Size 6,608 Sqft
Property Sub-Type Mixed Use
Property Description
Multi-family property comprised of 11 units ideally located in in the heart of Los Angeles' thriving Westlake neighborhood, just minutes from Downtown LA. Situated on a prominent corner at Linwood Avenue and Witmer Street. This property benefits from strong visibility and dual street frontage. As rental rates in surrounding areas continue to climb, Westlake has emerged as a natural overflow market, attracting tenants seeking proximity to employment centers, transit, and lifestyle amenities at more attainable price points. This market trend supports consistent occupancy, minimal vacancy downtime, and the ability to capture rent increases upon tenant turnover, resulting in reliable collections and income stability. The property features a two-building configuration totaling 11 units, offering both stable in-place income and operational flexibility. The main structure is a two-story, 3,520 square foot apartment building comprised of 10 units: 8 studios and 2 one-bedroom/one-bath units (addressed as 1317 Linwood Ave). Complementing the apartment building is a separate 1,342 square foot single-family residence (addressed as 741 Witmer St), configured for two tenants and featuring 5 bedrooms and 2.5 bathrooms, creating an additional income stream and unique value-add potential.
Ideally situated, the property offers close proximity to major employment centers, public transportation, shopping, dining, entertainment venues, parks, and cultural institutions. The surrounding area continues to attract young professionals, students, and creatives, driving consistent rental demand and long-term growth.
With an in-place cap rate of 6.36%, the asset delivers day-one cash flow, while presenting a clear path to increased returns through rental repositioning, light renovations, and optimized management.
The property has been well-maintained over the years. The property's layout and location also make it well-suited for both traditional and alternative rental strategies, including co-living or furnished rentals.
Ideally situated, the property offers close proximity to major employment centers, public transportation, shopping, dining, entertainment venues, parks, and cultural institutions. The surrounding area continues to attract young professionals, students, and creatives, driving consistent rental demand and long-term growth.
With an in-place cap rate of 6.36%, the asset delivers day-one cash flow, while presenting a clear path to increased returns through rental repositioning, light renovations, and optimized management.
The property has been well-maintained over the years. The property's layout and location also make it well-suited for both traditional and alternative rental strategies, including co-living or furnished rentals.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Heating Wall Furnace
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Assigned
Pool None
Community Features Curbs, Sidewalks
Utilities Available Sewer Connected
View Y/N No
View None
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5143012011
Acceptable Financing Cash, Submit
Listing Terms Cash, Submit
Special Listing Condition Standard
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Listed by Carlos Bocanegra ONE WEST REALTY INC 909-518-1746, DRE #01326814
NEARBY SCHOOL & BUSINESS
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