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261-265 Witmer St.
Los Angeles, CA 90026 Westlake North

$1,150,000 USD

Multifamily For Sale  •  3,412 SF

Property Details

• Property Type Multifamily
• Total Building Size 3,412 SF
• Year Built 1949

88 Transit Score

90 Walk Score

Highlights

Single story construction on a XL 10,958sqft lot running Block to Block

Convert and expand the garages into ADU's using SB1211 - build up to a two story 7 unit ADU

Solid in place income- 10 GRM on current rents with 35% upside in rents to market rate

Six single car garages and tandem spaces

R-3 zoning with Tier 2 TOC density bonus - build 13 units by-right or 20 units with density bonus

Public Transportation

Commuter Rail	Drive	Walk	Distance
	6 min	-	2.2 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	8 min	-	2.4 mi
Airport	Drive	Walk	Distance
Bob Hope	25 min	-	14.2 mi
Los Angeles International	26 min	-	18.1 mi
Long Beach (Daugherty Field)	32 min	-	23.2 mi