1317 Linwood,Los Angeles, CA 90017
Los Angeles, CA 90017
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.
Details
| MLS # | CV26175614 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 36 |
| Listing Provided By | ONE WEST REALTY INC | Carlos Bocanegra |
Features
| SQ Feet | 4,862 |
|---|---|
| Story(s) | 2 |
| Units | 11 |
| Building(s) | 2 |
| Acreage | 0.15 |
| Property View | None |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Corner Lot |
|---|
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Sewer Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90017 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90017) | |
Price: $1,550,000 low | high Med: $477,000 sqft: 4,862 low | high Med: 1,180 $ / sqft: $319 low | high Med: $404 On site: 36 low | high Med: 195 | |
Market Activity 90017
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90017 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90017) | |
Price: $1,550,000 low | high Med: $477,000 sqft: 4,862 low | high Med: 1,180 $ / sqft: $319 low | high Med: $404 On site: 36 low | high Med: 195 | |
