261 Witmer, Los Angeles, CA 90026
- $950,000
- Sold Price
- $950,000
- List Price
- $1,060,000
- Closing Date
- Apr 06, 2026
- Status
- CLOSED
- MLS#
- PW25256584
- Year Built
- 1949
- Lot Size
- 10,961
- Acres
- 0.25
- Lot Location
- Rectangular Lot
- Days on Market
- 70
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
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.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $117,216
- Operating Expense
- 41599
- Garage Spaces
- 6
- Parking Spaces
- 6
Listing courtesy of Listing Agent: Jackson Jorgensen (jack@younglewin.com) from Listing Office: Younglewin Advisors, Inc..
Listing sold by Shane Young from Younglewin Advisors, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.