261 Witmer, Los Angeles, California 90026
- $1,060,000
- $1,100,000
- $1,060,000
- $1,100,000
Overview
- Apartment, Residential Income
- 6.0
- 3412 Sqft
- 1949
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.
Address
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Address: 261 Witmer
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City: Los Angeles
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State/county: CA
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Zip/Postal Code: 90026
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Country: US
Details
Updated on April 7, 2026 at 2:17 am-
Property ID PW25256584
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Price $1,060,000
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Property Size 3412 Sqft
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Land Area 0.2516 Acres
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Garages 6.0
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Year Built 1949
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Conventional
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Sewer Public Sewer
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County Los Angeles
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Property Type Residential Income
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Pool None
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Community Features Urban
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