1317 Linwood Ave - 1317 Linwood Ave 12 Unit Apartment Building Offered at $1,650,000 at a 6.36% Cap Rate Los Angeles, CA 90017

1317 Linwood Ave presents a rare opportunity to acquire a 12-unit multifamily investment property in the rapidly evolving Westlake / Downtown Los Angeles submarket. Situated on a prime corner lot, the property consists of two separate buildings totaling approximately 4,862 SF on a 6,607 SF lot.
The property includes:
• A two-story 10-unit apartment building comprised of 8 studio units and 2 one-bedroom/one-bath units
• A detached single-family residence currently occupied by two tenants featuring 4 bedrooms and 2.5 baths
• 4 on-site parking spaces plus yard area
Originally built in 1905 and well maintained over the years, the asset offers strong in-place cash flow with an attractive 6.36% cap rate and significant rental upside potential through unit renovations, improved management, expense optimization, and repositioning strategies.
Located in the highly desirable Westlake neighborhood near Downtown Los Angeles, the property benefits from excellent walkability and proximity to major transportation corridors, Metro B & D Lines, shopping, restaurants, entertainment, and employment centers. The area continues to experience strong rental demand driven by students, artists, and young professionals seeking affordable urban housing alternatives.
Additional value-add opportunities include:
• Potential rent increases to market levels
• Exterior and common area improvements
• Co-living/shared housing reconfiguration possibilities
• Addition of laundry facilities for supplemental income
• Utility efficiency upgrades including low-flow fixtures and solar implementation
All units are currently rented on month-to-month agreements providing operational flexibility for future ownership.
Excellent opportunity for investors seeking stable income with upside in one of Los Angeles’ strongest rental markets.