1317 Linwood Avenue, Los Angeles, CA 90017
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1317 Linwood Avenue,Los Angeles, CA 90017
$1,650,000
- - Beds
- - Baths
- 4,862 sq. ft.
- Multi-family
- Active
Listed by: carlos bocanegra
Office: one west realty inc909-321-9148
MLS#:CV26097517
Source:CRMLS
Price summary
- Price:$1,650,000
- Price per sq. ft.:$339.37
About this home
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 a more attainable price point. 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). 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 4 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....
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Home facts
- Year built:1905
- Listing ID #:CV26097517
- Added:3 day(s) ago
- Updated:May 09, 2026 at 01:23 PM
Rooms and interior
- Living area:4,862 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Roof:Shingle
- Year built:1905
- Building area:4,862 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Corner Lot
- Construction Materials:Stucco
- Foundation Description:Raised
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,650,000
- Price per sq. ft.:$339.37
Parking
- Total parking spaces:4
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