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33501285
33500822

146 Witmer St, Los Angeles, CA 90026

SH
CA 01718399
$1,749,900
6 days on market
Updated 6 days ago

146 Witmer St

Details
APN 5153-030-016
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,389
Units 5
Beds 5
Cap Rate 6.41%
NOI $112,166
Occupancy 100%
Tenancy Multi
Price per SqFt $732
Year Built 1920
Buildings 1
Acreage 0.105
Zoning LACW
Parking Spaces 8 spaces
Parking Per SqFt 3.35
Investment Type Stabilized
Ownership Fee
Sale Condition N/A

Multifamily | 6.41% CAP | 5 Units

Marketing description

Excellent investment opportunity near Downtown Los Angeles featuring a fully renovated multi-unit property with strong income potential and an attractive CAP rate over 6%. This upgraded property consists of five units total: 1 studio, 3 one-bedroom/one-bath units, and 1 two-bedroom/one-bath unit. All units have been newly remodeled with modern finishes, offering bright and functional floor plans designed to attract quality tenants. Each unit features comfortable living space with abundant natural light, updated kitchens with new countertops, and ample cabinetry. Recent renovations provide a turnkey investment with minimal deferred maintenance. Conveniently located near Downtown LA with easy access to shopping, dining, public transportation, and major freeways, making it an ideal rental location in a high-demand market. Perfect opportunity for investors and 1031 exchange buyers seeking steady income and long-term growth potential.

Investment highlights

  • Fully renovated multi-unit property with strong income potential
  • Attractive CAP rate over 6%
  • Five units total: 1 studio, 3 one-bedroom/one-bath units, and 1 two-bedroom/one-bath unit
  • All units newly remodeled with modern finishes
  • Bright and functional floor plans designed to attract quality tenants
  • Comfortable living space with abundant natural light
  • Updated kitchens with new countertops and ample cabinetry
  • Turnkey investment with minimal deferred maintenance
  • Conveniently located near Downtown LA
  • Easy access to shopping, dining, public transportation, and major freeways
  • Ideal rental location in a high-demand market
  • Perfect for investors and 1031 exchange buyers
  • Steady income and long-term growth potential

Listing Contacts

SH
CA 01718399

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,166.00
$9,347.17/mo

Valuation Metrics

0
DSCR
6.41%
Cap Rate
6.41%
ROI

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Additional Information

Name
Ssara Hwang
License
DRE #01718399
Brokerage
Urban Real Estate
Title
Broker of Record
Brokerage Address
2975 Wilshire Blvd #300, Los Angeles CA 90010
Name
Ssara Hwang
License
01718399
Brokerage
Urban Real Estate
Brokerage Phone
2135909908
Title
Broker Associated
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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