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$1,150,000

  • For Sale
  • Active
  • Multi-Family
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We are pleased to present 261 Witmer Ave, a seven-unit apartment building located in the Filipinotown/Westlake neighborhood of Los Angeles to market for the first time in over fifty years. The property is made up of two side by side single story structures consisting of five 1 bed/1 bath units, one 2 bed/1 bath unit, and one studio unit on a large 10,958 square foot lot that runs block to block. Parking is ample, with six single-car garages at the rear of the property and one surface parking space in front of each garage. Under SB 1211, a new owner has the opportunity to convert and expand the garages into ADUs, allowing for the construction of up to a two-story, seven-unit ADU addition-substantially increasing the property's income potential. Current rents are approximately 35% below market, providing strong upside potential for a new buyer. The site is zoned R-3 with a Tier 2 TOC density bonus, allowing for the development of up to 13 units by right and 20 units with the density bonus.

Full Property Details for 261 Witmer

General

  • Price: $1,150,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW25256584
  • Updated: 12/28/2025
  • Days on Market: 65 days
  • Added to Site: 70 day(s) ago

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 6

Location

  • Area: C21 - Silver Lake - Echo Park
  • County: Los Angeles
  • Development Name: C21 - Silver Lake - Echo Park
  • Driving Directions: Witmer and 3rd

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 7
  • # Electric Meters: 7

Structural Information

  • Entry Location: 1
  • Square Feet: 3,412
  • Year Built: 1949

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.2516
  • Lot Size (Sq. Ft.): 10,961
  • Lot Size Source: Assessor
  • Lot Description: Rectangular Lot

Financial Considerations

  • Price Per Sq. Ft.: $337.05
  • Price Per Unit: 164286

Listed by Younglewin Advisors, Inc., Jackson Jorgensen and Younglewin Advisors, Inc., Shane Young

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Listing agents

— 261 Witmer —

  • Jackson Jorgensen

    Younglewin Advisors, Inc.

  • Shane Young

    Younglewin Advisors, Inc.

jack@younglewin.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 261 Witmer

School District:Los Angeles Unified School District
NameGradesDistance
Gratts Learning Academy For Young Scholars (Glays)
309 Lucas Avenue, Los Angeles, CA 90017
2-60.2 mi
Sal Castro Middle School
1575 West 2nd Street, Los Angeles, CA 90026
7-80.1 mi
Belmont Senior High School
1575 West 2nd Street, Los Angeles, CA 90026
9-120.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 261 Witmer Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/28/2025
Price Reduced
$1,150,000
-7.63%
MLS
12/04/2025
Price Reduced
$1,245,000
-3.86%
MLS
11/07/2025
Listed
$1,295,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 261 Witmer

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,113
4%
$159,603
4%
2023
$3,005
3%
$153,413
2%
2022
$2,915
2%
$150,408
2%
2021
$2,867
—
$147,462
1%
2020
$2,881
2%
$145,952
2%
2019
$2,811
6%
$142,964
2%
2018
$2,653
3%
$140,162
2%
2017
$2,570
3%
$137,415
2%
2016
$2,485
1%
$134,722
2%
2015
$2,462
-2%
$132,700
2%
2014
$2,521
1%
$130,102
—
2013
$2,506
—
$129,515
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 261 Witmer

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Younglewin Advisors, Inc., Jackson Jorgensen and Younglewin Advisors, Inc., Shane Young

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261 Witmer, Los Angeles, CA 90026 (MLS# PW25256584) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 261 Witmer is currently listed for $1,150,000 and was received on November 07, 2025. Want to learn more about 261 Witmer? Do you have questions about finding other Multi-Family real estate for sale in Silver Lake? You can browse all Silver Lake real estate or contact a Coldwell Banker agent to request more information.

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