Property Detail
Description
334 Witmer Street is a fully stabilized eight unit apartment building located in Downtown Los Angeles near Echo Park, Westlake, and Koreatown. The property offers a balanced unit mix of seven one bedroom units and one three bedroom two bath unit, all fully leased at market rents. The entire building was renovated down to the studs in 2018 with major upgrades that include new plumbing, electrical, sub panels, mini split HVAC systems, dual pane windows, custom cabinetry, modern counters, and updated kitchens and bathrooms. A soft story earthquake retrofit was completed in 2022, adding long term structural security. Each unit is separately metered, and tenants cover most utilities via RUBS, reducing operating costs. The property also features five on site parking spaces behind an automatic remote controlled gate. Durable vinyl and tile flooring throughout keeps maintenance low and predictable. Professionally managed and located near major job centers, 334 Witmer attracts tenants seeking clean, updated, centrally located housing. This is a stable, cash flowing investment in one of Los Angeles highest demand rental corridors. This stabilized asset offers a 6.74 Cap Rate on actuals, along with an attractive 4.9 interest only assumable loan that provides strong cash flow from day one.
Map Location
Listing provided courtesy of Ginger Orsi of Compass. Last updated 2025-11-07 09:11:21.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
Get Directions
858.252.0200
Inquire Now
Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
Interested in Pacific Beach property, specifically? Check out PacificBeach.RealEstate
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. © 2020 SDMLS ~ By contacting John Collins / Collins Coastal, you agree to receive customer service texts from this business. We will not send you messages without your consent and we will not sell your data. Providing your contact information is confirmation you agree to receive text messages and/or calls from John Collins / Collins Coastal, your phone provider may have fees for this service. Message frequency varies. You may reply STOP at any time to cancel or call us at 858.252.0200.
Powered By:
