$1,295,000

261 Witmer St Los Angeles, CA 90026

Westlake Neighborhood

Estimated payment $8,107/month

Total Views 21
7 Beds
7 Baths
3,412 Sq Ft
$380 Price per Sq Ft

Highlights

  • No Units Above
  • Rectangular Lot
  • 1-Story Property
  • Laundry Room

About This Home

We are pleased to present 261 Witmer Ave, a seven-unit apartment building located in the Filipinotown/Westlake neighborhood of Los Angeles to market for the first time in over fifty years. The property is made up of two side by side single story structures consisting of five 1 bed/1 bath units, one 2 bed/1 bath unit, and one studio unit on a large 10,958 square foot lot that runs block to block. Parking is ample, with six single-car garages at the rear of the property and one surface parking space in front of each garage. Under SB 1211, a new owner has the opportunity to convert and expand the garages into ADUs, allowing for the construction of up to a two-story, seven-unit ADU addition—substantially increasing the property’s income potential. Current rents are approximately 35% below market, providing strong upside potential for a new buyer. The site is zoned R-3 with a Tier 2 TOC density bonus, allowing for the development of up to 13 units by right and 20 units with the density bonus.

Listing Agent

Jackson Jorgensen

Younglewin Advisors, Inc. Brokerage Email: jack@younglewin.com License #02022727 Listed on: 11/07/2025

Co-Listing Agent

Shane Young

Younglewin Advisors, Inc. Brokerage Email: jack@younglewin.com License #01963090

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 0.25 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Rectangular Lot

Parking

  • 6 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,412 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 12
  • Assessor Parcel Number 5153027007
  • $1,165 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $45,197
  • Gross Income $114,396
  • Net Operating Income $76,566

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.08
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5153027007
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Entry Level: 1
  • Price Per Square Foot: 379.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 10961.00
  • Lot Size Acres: 0.2516

Multi Family

  • Gross Income: 114396.00
  • Gross Multiplier: 11.32
  • Gross Scheduled Income: 114396.00
  • Lot Size Area: 10961.0000 Square Feet
  • Net Operating Income: 76566.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 45197.00
  • Rent Control: Yes
  • Total Expenses: 45197.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 23
  • Tax Rate: 1.19
  • Tax Tract Number: 12
  • TaxOtherAnnualAssessmentAmount: 1165.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2025 11/07/25 For Sale $1,295,000 -- $380 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25256584

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90026 Westlake

261 Witmer St, Los Angeles, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
Jackson Jorgensen
Section Image
Younglewin Advisors, Inc.
(562) 257-1200