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Request Info$1,650,000
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1317 Linwood Avenue Overview
- Time on Site:
- 56 days
- Visits:
- 0
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 a more attainable price point. 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). 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 4 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.
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1317 Linwood Avenue Facts & Features
- Type Multi-Family
- Sq. ft. 4,862
- Price/Sq.ft. $339
- Lot 0.15 Acres
Details
General
Association/HOA
- Association: No
- Common Interest: None
Income/Expenses
- Other Expense: 3602.0
- Electric Expense: 5695.0
- Fuel Expense: 1676.0
- Gardener Expense: 1200.0
- Gross Income: 156828.0
- Gross Scheduled Income: 156828.0
- Insurance Expense: 4694.0
- Maintenance Expense: 2500.0
- Net Operating Income: 105016.0
- New Taxes Expense: 20317.0
- Operating Expense: 47012.0
- Trash Expense: 6130.0
- Water Sewer Expense: 15773.0
Listing Information
- Contingency: Buyer to cooperate with 1031 Exchange with no cost to the buyer.
Building Information
- New Construction: No
- Year Built: 1905
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: C42 - Downtown L.A.
- Postal City: LOS ANGELES
Community/Development
- Community Features: Street Lights,Sidewalks,Urban
Rent/Lease Information
- Land Lease: No
- Tenant Pays: See Remarks
General Information
- Listing Terms: Cash,Cash to New Loan,1031 Exchange
- Parcel Number: 5143012011
- Property Sub Type: Triplex
- Property Type: Residential Income
- Rent Control: Yes
- Senior Community: No
- Special Listing Conditions: Standard
- Zoning: LAR3
Interior
Parking Information
- Garage: No
Building Interior
- Building Area Total: 4862.0
- Building Area Units: Square Feet
General Information
- Common Walls: No Common Walls
- Entry Level: 1
- Entry Location: front
- Fireplace Features: None
- Fireplace: No
- Foundation Details: Raised
- Laundry Features: None
- Levels: Two
- Spa Features: None
- Spa: No
- Stories: 2
- Stories Total: 2
Exterior
Parking Information
- Open Parking Spaces: 4.0
- Parking Total: 4.0
Lot Information
- Additional Parcels: No
- Lot Features: Corner Lot
- Lot Size Acres: 0.1517
- Lot Size Area: 6607.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 6607.0
- Lot Size Units: Square Feet
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 2
- Number Of Separate Gas Meters: 2
- Number Of Separate Water Meters: 1
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
Building Exterior/Construction
- Construction Materials: Stucco
- Property Attached: No
- Roof: Shingle
General Information
- Fencing: Wrought Iron
- Number Of Units Leased: 12
- Number Of Units Total: 11
- Pool Features: None
- Pool Private: No
- Sewer: Public Sewer
1317 Linwood Avenue Neighborhood
Community
90017 (Los Angeles) Demographics
32
Median Age
38,321
Population Density (per sq. mile)
38%
College Educated
$36,870
Estimated Median Income
630
Estimated Total Home Owners
11,308
Estimated Total Renters
5% / 95%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1317 Linwood Avenue Monthly Cost
1317 Linwood Avenue Market Data
Based on the last 30 days in this zip code
$641,389
Average List Price
$676
Average Price per Square Foot
8
Properties Sold
131
Average Days on Market
270
Properties for Sale
1317 Linwood Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/5/2026Source: CRMLS | May 05, 2026 |
Listing provided courtesy of ONE WEST REALTY INCCarlos Bocanegra- MLS# CV26097517
Contact Information: [email protected] - 909-321-9148
Contact Information: [email protected] - 909-321-9148