
Los Angeles, California 90017
Analysis of 1317 Linwood Avenue, Los Angeles, California 90017 is currently available with a list price of $1,650,000. 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, this multi-family asset is functional and described as well-maintained, but remains significantly dated. The presence of window AC units and visible exterior wiring indicates older systems, while the interior common areas show basic, aged finishes. It meets the 'Fair' criteria as it is over 20 years old and requires cosmetic updates and minor repairs to achieve modern market standards.
With an impressive in-place cap rate of 6.36%, this asset delivers immediate cash flow and reliable income stability in a high-demand rental market.
Situated on a prominent corner in the Westlake neighborhood near Downtown LA, the property benefits from high visibility and proximity to major employment hubs and public transit.
The unique two-building configuration, including a separate single-family residence, offers significant upside through rental repositioning, light renovations, or alternative strategies like co-living.
Originally constructed in 1905, the property may require ongoing maintenance or capital expenditures to address aging infrastructure and systems common in century-old buildings.
With 8 of the 11 units being studios, the property may experience higher tenant turnover and more frequent leasing activity compared to buildings with larger multi-bedroom units.
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 a more attainable price point. 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). 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 4 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1905 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 5, 2026
$1,650,000
Initial Listing
Mar 4, 1997
$140,000
Public Record