334 Witmer Street, Los Angeles, CA 90017
Local realty services provided by:ERA Excel Realty
334 Witmer Street,Los Angeles, CA 90017
$1,645,000
- 10 Beds
- 9 Baths
- 5,135 sq. ft.
- Multi-family
- Active
Listed by: ginger orsi
Office: compass
MLS#:25616201
Source:CRMLS
Price summary
- Price:$1,645,000
- Price per sq. ft.:$320.35
About this home
334 Witmer Street is a fully stabilized eight unit apartment building located in Downtown Los Angeles near Echo Park, Westlake, and Koreatown. The property offers a balanced unit mix of seven one bedroom units and one three bedroom two bath unit, all fully leased at market rents. The entire building was renovated down to the studs in 2018 with major upgrades that include new plumbing, electrical, sub panels, mini split HVAC systems, dual pane windows, custom cabinetry, modern counters, and updated kitchens and bathrooms. A soft story earthquake retrofit was completed in 2022, adding long term structural security. Each unit is separately metered, and tenants cover most utilities via RUBS, reducing operating costs. The property also features five on site parking spaces behind an automatic remote controlled gate. Durable vinyl and tile flooring throughout keeps maintenance low and predictable. Professionally managed and located near major job centers, 334 Witmer attracts tenants seeking clean, updated, centrally located housing. This is a stable, cash flowing investment in one of Los Angeles highest demand rental corridors. Individually metered for electric and gas and tenants pay RUBs for water sewer trash. This stabilized asset offers a 6.74 Cap Rate on actuals, along with an attractive 4.9 interest only assumable loan that provides strong cash flow from day one.
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Home facts
- Year built:1949
- Listing ID #:25616201
- Added:8 day(s) ago
- Updated:November 15, 2025 at 03:47 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:9
- Living area:5,135 sq. ft.
Heating and cooling
- Heating:Electric
Structure and exterior
- Roof:Bitumen
- Year built:1949
- Building area:5,135 sq. ft.
- Lot area:0.15 Acres
Utilities
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$1,645,000
- Price per sq. ft.:$320.35
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