90026 Homes with Apartment Subtype

90026 Homes with Apartment Subtype

Welcome to the vibrant zip code of 90026 in Los Angeles, California! Nestled within this bustling region, you'll discover a diverse community that offers a unique blend of urban living and natural beauty.

90026 is situated in Los Angeles County, one of the most sought-after locations in the state. Known for its thriving entertainment industry, cultural diversity, and stunning landscapes, Los Angeles County has something for everyone. Whether you're a nature enthusiast, a foodie, or an art lover, this area has it all.

One notable feature of the homes in 90026 is the prevalence of the Apartment Subtype. If you're searching for a property that offers both a comfortable living space and the potential for rental income, this is the place to be. The Apartment Subtype homes in this area provide an excellent opportunity for homeowners to generate additional revenue by renting out a separate living unit within their property.

Living in a home with an Apartment Subtype offers numerous benefits. Not only can it provide financial stability, but it also allows for flexibility in accommodating extended family members or creating a dedicated workspace. The demand for rental properties in this area is consistently high, making it an attractive investment opportunity for homeowners.

Whether you're looking to invest in real estate or find your dream home, 90026 offers a wealth of options. From charming bungalows to modern high-rise apartments, this zip code has a diverse range of properties to suit every lifestyle.

Experience the best of Los Angeles County in zip code 90026, where urban convenience meets the comfort of home.

Newest 90026 Homes with Apartment Subtype

$2,650,000
AR26080904 MLS Active Status
The Witmer Apartments (280 Witmer St), a 23-unit value-add multifamily opportunity located in the heart of the rapidly evolving Westlake submarket of Los Angeles. Offered at a competitive basis of $115,200 per unit and $221 per square foot, the property features a strong in-place CAP rate of ±7.38% and GRM of 7.96x, providing immediate cash flow with substantial upside potential. The property offers approximately ±35% rental upside, with in-place rents that have historically performed at or above market levels within the Westlake submarket. This presents investors with a compelling opportunity to acquire a well-performing asset with clear pathways to increase revenue through unit renovations and operational improvements. Built in 1927, The Witmer Apartments consist of 23 units totaling ±12,000 square feet on a ±7,710 square foot lot, featuring an efficient unit mix of (22) studios and (1) one-bedroom unit. Units average approximately ±450–500 square feet (buyer to verify) and offer functional layouts that align with strong rental demand in the area. Ownership has completed significant capital improvements, including copper plumbing, a complete electrical panel upgrade, partial roof replacement (pitched portion), updated horizontal drain lines, new gas wall heaters, and a 100-gallon boiler. These upgrades reduce near-term capital expenditure risk, allowing investors to focus on executing a unit renovation strategy and capturing rental upside. Additional value-add opportunities include two vacant basement rooms with potential for storage or laundry income, as well as an underutilized rooftop with direct access and views of Downtown Los Angeles, offering potential for conversion into a tenant amenity space (buyer to verify).

280 Witmer, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.