CA > Los Angeles
Los Angeles, CA 90017,334 Witmer ST
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Los Angeles, CA 90017,334 Witmer ST
Los Angeles, CA 90017,334 Witmer ST
Los Angeles, CA 90017,334 Witmer ST
Los Angeles, CA 90017,334 Witmer ST
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Jennifer Gangawer

Jennifer Gangawer

+1(213) 215-0483
$ 1,645,000
Est. payment /mo
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334 Witmer ST Los Angeles, CA 90017

10 Beds

9 Baths

5,135 SqFt

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

334 Witmer Street is a fully stabilized eight unit apartment building located in Downtown Los Angeles near Echo Park, Westlake, and Koreatown. The property offers a balanced unit mix of seven one bedroom units and one three bedroom two bath unit, all fully leased at market rents. The entire building was renovated down to the studs in 2018 with major upgrades that include new plumbing, electrical, sub panels, mini split HVAC systems, dual pane windows, custom cabinetry, modern counters, and updated kitchens and bathrooms. A soft story earthquake retrofit was completed in 2022, adding long term structural security. Each unit is separately metered, and tenants cover most utilities via RUBS, reducing operating costs. The property also features five on site parking spaces behind an automatic remote controlled gate. Durable vinyl and tile flooring throughout keeps maintenance low and predictable. Professionally managed and located near major job centers, 334 Witmer attracts tenants seeking clean, updated, centrally located housing. This is a stable, cash flowing investment in one of Los Angeles highest demand rental corridors. This stabilized asset offers a 6.74 Cap Rate on actuals, along with an attractive 4.9 interest only assumable loan that provides strong cash flow from day one.

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
Jennifer Gangawer

Jennifer Gangawer

Team Lead / Realtor® | License ID: 02347486

+1(213) 215-0483

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334 Witmer ST

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