Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

5

Building size

2,389 sqft

Lot size

4,552 sqft

Year built

1920

Stories

0

Heating

Wall Furnace

Status

Active

Days on market

182

MLS #

248465393

About this property

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.

Location

146 Witmer Street

Los Angeles, Los Angeles, CA, 90026