
Los Angeles, California 90017
Analysis of 1317 Linwood, Los Angeles, California 90017 is currently available with a list price of $1,550,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Originally built in 1905, the property shows signs of partial interior updates including modern bathroom vanities and newer laminate flooring. However, the reliance on window AC units instead of central HVAC, dated exterior stucco, and the listing's own suggestion for 'light renovations' to capture rent increases place it in the Fair category.
Situated on a prominent corner in the high-demand Westlake neighborhood near Downtown LA, the property benefits from strong visibility and consistent rental demand from the local workforce.
Boasting an impressive 6.36% in-place cap rate, the asset provides immediate cash flow with significant upside potential through light renovations and rental repositioning.
The dual-building setup, including a 10-unit apartment and a separate 5-bedroom residence, offers operational flexibility for traditional rentals, co-living, or furnished housing strategies.
Originally constructed in 1905, the property may require ongoing capital expenditures for aging infrastructure and systems common in century-old buildings.
With 10 units within the main 3,520 square foot structure, the average unit size is quite small, which may lead to higher tenant turnover and limit appeal to certain demographics.
Multi-family property comprised of 11 units ideally located in in the heart of Los Angeles’ thriving Westlake neighborhood, just minutes from Downtown LA. Situated on a prominent corner at Linwood Avenue and Witmer Street. This property benefits from strong visibility and dual street frontage. As rental rates in surrounding areas continue to climb, Westlake has emerged as a natural overflow market, attracting tenants seeking proximity to employment centers, transit, and lifestyle amenities at more attainable price points. This market trend supports consistent occupancy, minimal vacancy downtime, and the ability to capture rent increases upon tenant turnover, resulting in reliable collections and income stability. The property features a two-building configuration totaling 11 units, offering both stable in-place income and operational flexibility. The main structure is a two-story, 3,520 square foot apartment building comprised of 10 units: 8 studios and 2 one-bedroom/one-bath units (addressed as 1317 Linwood Ave). Complementing the apartment building is a separate 1,342 square foot single-family residence (addressed as 741 Witmer St), configured for two tenants and featuring 5 bedrooms and 2.5 bathrooms, creating an additional income stream and unique value-add potential. Ideally situated, the property offers close proximity to major employment centers, public transportation, shopping, dining, entertainment venues, parks, and cultural institutions. The surrounding area continues to attract young professionals, students, and creatives, driving consistent rental demand and long-term growth. With an in-place cap rate of 6.36%, the asset delivers day-one cash flow, while presenting a clear path to increased returns through rental repositioning, light renovations, and optimized management. The property has been well-maintained over the years. The property’s layout and location also make it well-suited for both traditional and alternative rental strategies, including co-living or furnished rentals.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.3 |
| Square foot | 4,862 | 4,065.4 |
| Lot Size | 6,609 | 6,744.9 |
| Price | $1.55M | $1.13M |
| Price per sq ft | $319 | $262 |
| Built year | 1905 | 1939 |
| HOA | $0 | $907 |
| Days on market | 26 | 110 |
Aug 14, 2026
$1,550,000
Initial Listing
Mar 4, 1997
$140,000
Public Record