334 Witmer Street

Los Angeles CA 90017

5135 sq. ft.

6506 sq. ft.

Other

Last sold for $1,600,000

Ginger Orsi, last sold this property on 05 March 2026 after 118 days on market.

Overview

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.

Features

10 bedrooms

9 bathrooms

6 carspaces

4 open car spaces

5135 sq. ft. floor area

6506 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 10 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 334 Witmer Street

2026

Sold

$1,600,000

05 Mar 2026 by Ginger Orsi, of Compass

Happy sellers in Los Angeles

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.