Los Angeles, CA 90017,334 Witmer ST
Los Angeles, CA 90017,334 Witmer ST
Los Angeles, CA 90017,334 Witmer ST
16
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$1,645,000
Est. payment /mo
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10 Beds
9 Baths
5,135 SqFt
Active

334 Witmer ST Los Angeles, CA 90017

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Shari Wolvek

Shari Wolvek

+1(818) 515-8735

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,135 sqft

Price per Sqft $320

MLS Listing ID 25616201

Bedrooms 10

Construction Status Additions/Alterations,Updated/Remodeled

HOA Y/N No

Year Built 1949

Lot Size 6,507 Sqft

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LACW

Interior

Heating Electric

Flooring Tile

Fireplaces Type None

Inclusions All seller owned appliances, fixtures, and equipment are included in the sale. This includes refrigerators, dishwashers, ranges and stoves, and microwaves for all units.

Fireplace No

Appliance Dishwasher, Disposal, Gas Oven, Microwave, Range

Laundry None

Exterior

Exterior Feature Rain Gutters

Parking Features Assigned, Covered, Gated

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Roof Type Bitumen

Porch Covered

Total Parking Spaces 6

Private Pool No

Building

Faces West

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Architectural Style Traditional

Level or Stories Two

New Construction No

Construction Status Additions/Alterations,Updated/Remodeled

Others

Senior Community No

Tax ID 5153025011

Security Features Security Gate,Gated Community

Acceptable Financing Cash

Listing Terms Cash

Financing Assumed,Cash

Special Listing Condition Standard

CRMLS – RECore
Listed by Ginger Orsi Compass

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Equitas Academy Charter

    Public | KG - 5

  • 9

    Gabriella Charter

    Public | KG - 8

  • 9

    Solano Avenue Elementary School

    Public | KG - 6

  • 8

    Los Feliz STEMM Magnet School

    Public | KG - 6

  • 8

    Hoover Street Elementary

    Public | KG - 5

  • 8

    Synergy Charter Academy

    Public | KG - 5

  • 8

    Clifford Street Math & Technology Magent

    Public | KG - 6

  • 8

    Allesandro Elementary School

    Public | PK - 5

  • 8

    Puc Milagro Charter

    Public | KG - 5

  • 7

    Dr. Sammy Lee Medical and Health Science Magnet

    Public | KG - 5

  • 7

    Equitas Academy Charter #2

    Public | 5 - 8

  • 7

    Dorris Place Elementary

    Public | KG - 6

  • 6

    Kim Elementary School

    Public | KG - 5

  • 6

    Cahuenga Elementary School

    Public | KG - 5

  • 6

    Downtown Value

    Public | KG - 8

  • 6

    Micheltorena Elementary

    Public | KG - 5

  • 6

    Thirty-Second Street Usc Performing Arts

    Public | KG - 12

  • 6

    Betty Plasencia Elementary

    Public | KG - 5

  • 6

    20th Street Elementary School

    Public | KG - 5

  • 5

    Hobart Boulevard Elementary School

    Public | KG - 5

Middle Schools 20
  • 8

    Rise Kohyang Middle School

    Public | 6 - 8

  • 7

    Alliance Gertz-Ressler Richard Merkin 6-12 Complex

    Public | 6 - 12

  • 6

    Virgil Middle School

    Public | 6 - 8

  • 6

    Thomas Starr King Middle School

    Public | 6 - 8

  • 6

    New Designs Charter

    Public | 6 - 12

  • 5

    Synergy Kinetic Academy

    Public | 6 - 8

  • 5

    Florence Nightingale Middle School

    Public | 6 - 8

  • 4

    Foshay Learning Center

    Public | 6 - 12

  • 4

    RFK Community Schools - Ambassador School of Global Leadership

    Public | 6 - 12

  • 4

    Los Angeles Academy of Arts & Enterprise Charter

    Public | 6 - 12

  • 4

    Vista Charter Middle School

    Public | 6 - 8

  • 4

    Alliance College-Ready Middle Academy No. 12

    Public | 6 - 8

  • 4

    John Adams Middle School

    Public | 6 - 8

  • 4

    Dr. Julian Nava Learning Academy - School of Business & Tech

    Public | 6 - 8

  • 4

    Puc Excel Charter Academy

    Public | 6 - 8

  • 3

    Animo Jefferson Charter Middle School

    Public | 6 - 8

  • 3

    Alliance College-Ready Middle Academy No. 5

    Public | 6 - 8

  • 2

    Monsenor Oscar Romero Charter Middle School

    Public | 6 - 8

  • 1

    Global Education Academy Middle School

    Public | 6 - 8

  • 1

    Berendo Middle School

    Public | 6 - 8

High Schools 20
  • 9

    Alliance Dr. Olga Mohan High School

    Public | 9 - 12

  • 9

    Downtown Business High School

    Public | 9 - 12

  • 8

    Orthopaedic Hospital

    Public | 9 - 12

  • 7

    Central City Value

    Public | 9 - 12

  • 7

    Camino Nuevo High No. 2

    Public | 9 - 12

  • 7

    Animo Jackie Robinson High School

    Public | 9 - 12

  • 7

    Alliance College-Ready Academy High No. 16

    Public | 9 - 12

  • 7

    Ramon C. Cortines School of Visual and Performing

    Public | 9 - 12

  • 7

    PUC Early College Academy for Leaders & Scholars (ECALS)

    Public | 9 - 12

  • 6

    Usc Hybrid High School

    Public | 9 - 12

  • 6

    Animo Ralph Bunche High School

    Public | 9 - 12

  • 6

    Alliance Susan and Eric Smidt Technology High School

    Public | 9 - 12

  • 5

    Belmont Sh-la Teacher Preparatory Academy

    Public | 9 - 12

  • 5

    Camino Nuevo Charter High School

    Public | 9 - 12

  • 5

    Roybal Learning Center

    Public | 9 - 12

  • 5

    Alliance Tennenbaum Family Technology High School

    Public | 9 - 12

  • 4

    RFK Community Schools - Los Angeles High School of the Arts

    Public | 9 - 12

  • 4

    Santee Education Complex

    Public | 9 - 12

  • 4

    Miguel Contreras Learning Complex - School of Business & Tourism

    Public | 9 - 12

  • 4

    Los Angeles River High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Shari Wolvek

Shari Wolvek

Agent | License ID: 02235508

+1(818) 515-8735

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334 Witmer ST