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(323) 864-4211
Linda Roth Burrell
334 Witmer St, Los Angeles, CA 90017
- $1,600,000
- 10
- BD
- 9
- BA
- 5,135
- SqFt
- Sold Price
- $1,600,000
- List Price
- $1,645,000
- Closing Date
- Mar 05, 2026
- MLS#
- 25616201
- Year Built
- 1949
- Bedrooms
- 10
- Bathrooms
- 9
- Living Sq. Ft
- 5,135
- Lot Size
- 6,506
- Lot Location
- City
- Days on Market
- 76
- Property Type
- Multifamily
- Style
- Traditional
- Stories
- 2
Property Description
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.
Additional Information
- Association Amenities
- Gated Community
- Lot Description
- Gated Community, Gutters, Exterior Security Lights, Fenced, Automatic Gate
- Other Buildings
- None
- Kitchen Features
- Quartz Counters
- Pool Description
- None
- Heat
- Electric
- Cooling
- Air Conditioning
- View
- City
- Exterior Construction
- Stucco, Wood Siding
- Number of Cars in Garage
- Gated, Covered Parking, Assigned
- Water
- Public
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Courtesy of Compass, Ginger Orsi - CA DRE#02001956 Selling Office: .
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