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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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1317 Linwood Avenue Los Angeles, CA 90017
$1,650,000 0 beds, 0 baths
0 sqft
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Photo of Celeste Anson

Celeste Anson REALTOR® - Sales Associate 818-415-7143 m
818-449-0848 o
Lic#: 02029688
NRDS ID: 207064850
celesteanson@bhhscal.com
Text Me
Call My Cell
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Lic#: 02029688
NRDS ID: 207064850
celesteanson@bhhscal.com
Calabasas Office
23925 Park Sorrento
Calabasas, CA 91302
Phone: 818-223-9100
Fax: 818-876-3100
Calabasas 23925 Park Sorrento
Calabasas, CA 91302
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Agent Remarks

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.

Listing Details

Property type: Triplex (Multi-Family)
Status: Active
MLS# CV26097517
List price is $1,650,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1905
2 stories
0.15 acres
Lot size: 0.1517
County: Los Angeles
Zoning: LAR3
Construction: Stucco
Lot description: Corner Lot
Heating/cooling: None
Heating description: Wall Furnace
MLS area: C42 - Downtown L.A.

Last Updated: 5/6/2026

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.051264, -118.268635.
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Listing Agent: Carlos Bocanegra
Lic#: 02029688
Office Name: Calabasas

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Photo of Celeste Anson

Celeste Anson REALTOR® - Sales Associate 818-415-7143 m
818-449-0848 o
Lic#: 02029688
NRDS ID: 207064850
celesteanson@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 02029688
NRDS ID: 207064850
celesteanson@bhhscal.com

Calabasas Office
23925 Park Sorrento
Calabasas, CA 91302
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