$ 1,645,000
-
$1,645,000
Price -
4
Bed -
3
Bath -
5,135
SqFt
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About the Listing CLW-X8146108 - CLW-C135348
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.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances: Dishwasher, Disposal, Gas Oven, Microwave, Range
- Air Cond:
- Heating: Electric
- Fireplaces:
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 6
- Zoning: LACW
- Roof: Bitumen
- Others: Rain Gutters,Additions/Alterations,Updated/Remodeled,Stucco,Wood Siding,2+ Total Units
- Sewer: Sewer Tap Paid
- Parking Features: Assigned,Covered,Gated
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5153025011
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
334 Witmer St Los Angeles, CA 90017
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