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.