729 Witmer Street
Los Angeles, CA 90017
- – beds
- – baths
- – sqft
- 6,625 sqft lot
- 1901 build
- – on site
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We are pleased to present for sale an amazing opportunity to purchase a duplex just minutes away from LA Live & Downtown LA! The duplex consists of two 1 bd/1 ba units, totaling around 1,506 sqft. Both units are currently tenant occupied with both tenants current on their rent. Tremendous VALUE ADD opportunity with over 50% upside in rents!!!! The duplex is situated on a spacious 6,625 sqft lot zoned R3 TOC Tier 1, meaning a developer may build 8 units by right or up to 14 units with TOC incentives. Another option may be to keep the existing duplex and add 2 ADU's in the rear of the lot. Low price per point for the area, excellent for first time buyers, owner users, or ADU builders! Super close to shopping, restaurants, transportation, and much more that Downtown LA & LA Live have to offer its tenants. Do not disturb current occupants. Buyer to cooperate with seller's 1031 exchange at no cost to buyer. Buyer to verify all zoning regulations with LADBS. Contact listing agents for more details!
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Last updated Jan 24, 2025
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MLS# 22123593 —
The Building
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Year Built:1901
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New Construction:No
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Building Area Total:1506.00
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Total Number Of Units:2
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# of Buildings:1
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Stories Total:1
Location
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Directions:South of Wilshire Blvd, North of Olympic Blvd, East of Union Ave, West of the 110 Freeway
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Latitude:34.05162800
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Longitude:-118.26840200
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:6625.0000
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Lot Size Dimensions:60x110
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Lot Size Acres:0.1521
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Lot Size SqFt:6625.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5143012017
The Community
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Association:No
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Senior Community:No
Parking
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Parking:Yes
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Parking:Driveway
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Parking Spaces:5.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/29/22
Apr 29, 2022
|
Sold | CRMLS_CA | $1,575,000 | 97.1% |
|
4/29/22
Apr 29, 2022
|
Sold | CRMLS_CA | $790,000 | -49.8% |
|
4/27/22
Apr 27, 2022
|
Pending | CRMLS_CA | $799,000 |
