$1,645,000

334 Witmer Street, Los Angeles, CA 90017

5,135 sqft

other
Built in 1949
6,534sqft lot
—— car garage
$320/sqft
Listed 3 months ago

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 includ

Listing Status:: Pending
Date Added:: November 6, 2025
Data Last Updated:: February 17, 2026 at 5:08AM
Listing Office:: Compass : 323-593-6999
Listing Agent:: Ginger Orsi : 213-565-8060
MLS ID:: CL25616201

Laundry: No Hookups
Flooring: Tile
Heating: Electric

Parking: CoveredAssignedOther

General: StuccoWood Siding

Originating MLS: CRMLS
County: Los Angeles

Zoning: LACW5153025011
View: City Lights

Utilities: Other Water/Sewer
Water: Other
Sewer: Other

Source: CRMLS

This listing courtesy of Ginger Orsi , Compass

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Gratts Learning Academy for Young Scholars (GLAYS)

309 Lucas Ave, Los Angeles, CA, 90017

Grades 2-6

0.09 miles away

Sal Castro Middle School

1575 W 2nd St, Los Angeles, CA, 90026

Grades 6-8

0.24 miles away

Miguel Contreras Learning Complex - Academic Leadership Community

322 Lucas Ave, Los Angeles, CA, 90017

Grades 9-12

0.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.