$1,295,000/mo

261 Witmer, Los Angeles, CA 90026

  • 3,412 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1949
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon 6 car garage
  • Property Price Per Square Feet Icon $380/sqft
  • Property List Date Icon Listed 8 days ago

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.

Listing Status:
Active
Date Added:
November 7, 2025 at 06:00AM
Listing Office:
Younglewin Advisors, Inc. : 562-318-0215
Listing Agent:
Jackson Jorgensen : 626-399-2415
MLS ID:
PW25256584
  • Laundry: Common Area
  • Pool: None
  • Parking: Parking spaces: 6
  • General: 1
  • Originating MLS: CRMLS_CRM
  • County: Los Angeles
  • Zoning: 5153027007
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS_CRM

This listing courtesy of Jackson Jorgensen, Younglewin Advisors, Inc.

Location

Schools Nearby

G

Gratts Learning Academy for Young Scholars (GLAYS)

309 Lucas Ave, Los Angeles, CA, 90017

Grades 2-6

0.16 miles away

S

Sal Castro Middle School

1575 W 2nd St, Los Angeles, CA, 90026

Grades 6-8

0.11 miles away

H

Harris Newmark Continuation

1575 W 2nd St, Los Angeles, CA, 90026

Grades 9-12

0.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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