About this home

Multi-family property comprised of 11 units ideally located in in the heart of Los Angeles' thriving Westlake neighborhood, just minutes from Downtown LA. Situated on a prominent corner at Linwood Avenue and Witmer Street. This property benefits from strong visibility and dual street frontage. As rental rates in surrounding areas continue to climb, Westlake has emerged as a natural overflow market, attracting tenants seeking proximity to employment centers, transit, and lifestyle amenities at more attainable price points. This market trend supports consistent occupancy, minimal vacancy downtime, and the ability to capture rent increases upon tenant turnover, resulting in reliable collections and income stability. The property features a two-building configuration totaling 11 units, offering both stable in-place income and operational flexibility. The main structure is a two-story, 3,520 square foot apartment building comprised of 10 units: 8 studios and 2 one-bedroom/one-bath units (addressed as 1317 Linwood Ave). Complementing the apartment building is a separate 1,342 square foot single-family residence (addressed as 741 Witmer St), configured for two tenants and featuring 5 bedrooms and 2.5 bathrooms, creating an additional income stream and unique value-add potential. Ideally situated, the property offers close proximity to major employment centers, public transportation, shopping, dining, entertainment venues, parks, and cultural institutions. The surrounding area continues to attract young professionals, students, and creatives, driving consistent rental demand and long-term growth. With an in-place cap rate of 6.36%, the asset delivers day-one cash flow, while presenting a clear path to increased returns through rental repositioning, light renovations, and optimized management. The property has been well-maintained over the years. The property's layout and location also make it well-suited for both traditional and alternative rental strategies, including co-living or furnished rentals.

Facts and features

Schools

• John H. Liechty Middle School

  middle · 6-8 · 0.2 mi

  2

• Esperanza Elementary School

  elementary · K-5 · 0.3 mi

  6

• Belmont Senior High School

  high · 9-12 · 0.8 mi

  3

• Immaculate Conception

  elementary · K-8 · 0.2 mi

• Olympic Primary Center

  elementary · K · 0.3 mi

• Tenth Street Elementary School

  elementary · 1-5 · 0.3 mi

  4

Price history

• Aug 14, 2026 · Listed$1,550,000
• Apr 11, 2024 · Listing Removed—
• Jun 2, 2023 · Listed$1,755,000
• Dec 17, 2021 · Listing Removed—
• Jun 14, 2021 · Listed$1,800,000
• Dec 22, 2016 · Listing Removed$1,595,000
• May 7, 2016 · Listed$1,595,000
• Apr 13, 2016 · Listing Removed$1,595,000

Tax history

• 2025$3,368 tax · $232,547 assessed
• 2024$3,297 tax · $227,988 assessed
• 2023$3,248 tax · $219,136 assessed
• 2022$3,118 tax · $214,840 assessed
• 2021$3,050 tax · $210,629 assessed
• 2020$3,071 tax · $208,471 assessed
• 2019$2,970 tax · $204,385 assessed
• 2018$2,830 tax · $200,379 assessed

Home value

$1,534,000

• Collateral Analytics$1,534,000

Where it is