334 Witmer Street, Los Angeles, CA 90017
Local realty services provided by:ERA North Orange County Real Estate
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
Second chance opportunity to acquire a high-quality multifamily investment, back on the market due to buyer non-performance and by no fault of the seller. 334 Witmer Street is a fully stabilized eight-unit apartment building located in Downtown Los Angeles near Echo Park, Westlake, and Koreatown. The property features a balanced unit mix of seven one-bedroom units and one three-bedroom, two-bath unit, all fully leased at market rents and positioned for stable cash flow. The building was renovated down to the studs in 2018 with major upgrades including new plumbing, electrical systems with subpanels, mini-split HVAC, dual-pane windows, roof, custom cabinetry, modern counters, and fully updated kitchens and bathrooms. A soft-story seismic retrofit was completed in 2022, adding long-term structural security. Each unit is individually metered for electricity and gas, with tenants paying water, sewer, and trash through a RUBS billing system, helping keep operating expenses low. The property includes six on-site parking spaces behind an automatic remote-controlled gate. Professionally managed and located near major job centers, 334 Witmer Street attracts tenants seeking clean, updated, centrally located housing. This stabilized asset offers a strong 6.74% cap rate on actuals and includes an attractive 4.9% interest-only assumable loan, providing solid cash flow from day one in one of Los Angeles' highest-demand rental corridors.
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Home facts
- Year built:1949
- Listing ID #:25616201
- Added:101 day(s) ago
- Updated:February 16, 2026 at 02:19 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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