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1317 Linwood Ave 12 Unit Apartment Building $1,650,000 ($137,500/Unit) 6.36% Cap Rate Los Angeles, CA 90017
Investment Highlights
- 12-unit multifamily property located minutes from Downtown Los Angeles.
- Current in-place cash flow with a 6.36% cap rate and future upside potential.
- Additional value-add potential through renovations and utility efficiency improvements.
- Unit mix includes eight studios, two one-bedrooms, and a detached residence with four bedrooms.
- Proximity to Metro B & D Lines, major transit routes, and employment corridors.
- All tenants on flexible month-to-month leases, providing operational control.
Executive Summary
1317 Linwood Ave offers investors a well-maintained 12-unit multifamily property in the thriving Westlake neighborhood near Downtown Los Angeles. The asset comprises a two-story, 10-unit apartment building featuring a mix of eight studio units and two one-bedroom layouts, along with a detached single-family residence currently configured with four bedrooms and 2.5 bathrooms shared by two tenants. On-site amenities include four parking spaces and yard space.
The property generates strong in-place income with a reported cap rate of 6.36% and presents significant rental upside through unit renovations, operational efficiency, and repositioning strategies. Located near Metro B & D lines and major employment centers, this property benefits from high walkability and consistent demand from students, creatives, and young professionals. Additional value-add options, such as co-living configurations and building enhancements, increase long-term returns, making this an attractive opportunity in one of Los Angeles’ most dynamic rental markets.
The property generates strong in-place income with a reported cap rate of 6.36% and presents significant rental upside through unit renovations, operational efficiency, and repositioning strategies. Located near Metro B & D lines and major employment centers, this property benefits from high walkability and consistent demand from students, creatives, and young professionals. Additional value-add options, such as co-living configurations and building enhancements, increase long-term returns, making this an attractive opportunity in one of Los Angeles’ most dynamic rental markets.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $137,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.36% | Building Size | 4,862 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1905 |
| Property Subtype | Apartment | Parking Ratio | 0.33/1,000 SF |
| Zoning | LAR3 - LAR3 zoned multifamily corner lot in Westlake LA with 12 units, strong income, upside potential, and redevelopment opportunity. | ||
| Price | $1,650,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,862 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1905 |
| Parking Ratio | 0.33/1,000 SF |
| Zoning | LAR3 - LAR3 zoned multifamily corner lot in Westlake LA with 12 units, strong income, upside potential, and redevelopment opportunity. |
Amenities
Unit Amenities
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | - |
| 1+1 | 2 | - | - |
| 3+1 | 1 | - | - |
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5143-012-011 | Total Assessment | $227,988 |
| Land Assessment | $193,802 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $34,186 | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
5143-012-011
Land Assessment
$193,802
Improvements Assessment
$34,186
Total Assessment
$227,988
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2026
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One West Realty
1317 Linwood Ave
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