Properties

Los Angeles, CA 90026 261 Witmer

261 Witmer Los Angeles, CA - Image 1261 Witmer Los Angeles, CA - Image 2261 Witmer Los Angeles, CA - Image 3
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261 Witmer Los Angeles, CA - Image 4261 Witmer Los Angeles, CA - Image 5261 Witmer Los Angeles, CA - Image 6
Presented By: Jackson Jorgensen with Younglewin Advisors, Inc.; jack@younglewin.com
  • MLS# PW25256584
  • 11/01/2025
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  • Baths • 1
  • SQFT • 3,412
  • Garage • 6

Home Details

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 additionโ€”substantially increasing the propertyโ€™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.
Presented By: Jackson Jorgensen with Younglewin Advisors, Inc.; jack@younglewin.com

Interior Features for 261 Witmer

Other Interior Features

Common WallsOneCommonWall, NoOneAbove, NoOneBelow
Laundry FeaturesCommonArea
Total Stories1

Other Rooms

Entry Level1

General for 261 Witmer

Additional Parcels Y/NNo
Building Area UnitsSquareFeet
Cap Rate6.71
CityLos Angeles
Community FeaturesUrban
CountyLos Angeles
DirectionsWitmer and 3rd
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces6
Garage Y/NYes
Gross Income117216
Insurance Expense
Land Lease Y/NNo
Listing TermsConventional
Lot Size Square Feet10961
Lot Size UnitsSquareFeet
MLS AreaC21 - Silver Lake - Echo Park
Net Operating Income72101
New ConstructionNo
Number Of Units Total7
Operating Expense41599
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Tax Lot23
Trash Expense0
Water Sewer Expense0
Year Built1949
Year Built SourceAppraiser

Exterior for 261 Witmer

Building Area Total3412
Lot FeaturesRectangularLot
Lot Size Acres0.2516
Lot Size Area10961
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Private PoolNo
Total Parking6
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,060,000
MLS#PW25256584
List Date 11/01/2025
Property Type Single Family
Phone 888.795.6274
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