401 Witmer St Los Angeles, CA 90017
- Added:
- Aug 5, 2024
- Days on Market:
- 633
- Last Refresh:
- Apr 29 at 7:06 pm
Property Features for 401 Witmer St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LAR3
- Bedrooms
- 6
- Bathrooms
- 20
- Rooms
- Bathroom 6, Bathroom 3, Bathroom 11, Bedroom 5, Bathroom 16, Bathroom 2, Bedroom 6, Bathroom 14, Bathroom 1, Bathroom 18, Bathroom 12, Bathroom 15, Bathroom 5, Bathroom 20, Bathroom 17, Bathroom 10, Bedroom 1, Bedroom 2, Bathroom 8, Bathroom 13, Bathroom 4, Bathroom 7, Bathroom 9, Bedroom 3, Bathroom 19, Bedroom 4
- Standard status
- Pending
- APN
- 5153-026-018
- Size
- 8,776 SF
- Lot size
- 0.14 Acres
Building Details
- Year built
- 1924
- Floors in Building
- 2
- Number of units
- 20
Listing agent Max Berger License #02054048 (818) 321-4972
Listing office Compass 9454 Wilshire Blvd. Suite 400, Los Angeles, CA (310) 230-5478
Listing date Aug 5, 2024
MLS# 24-424053
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Value-Add Multifamily in Los Angeles
The property at 401 Witmer St, Los Angeles, is a 20-unit complex located 1.4 miles south of Echo Park Lake and the heart of Downtown LA. Situated just south of W. 3rd St, the property is near Echo Park, Silver Lake, Koreatown, the 101 Fwy, and the 110 Fwy. Constructed in 1924, the two-story complex has 8,776 square feet and consists of six 1-bedroom units and fourteen studio units. This property is a value-add opportunity with approximately 25% rental upside with two vacant studio units. All tenants are responsible for their own electricity and gas utilities. Property amenities include community laundry and gated entry. The property is part of the Witmer 4, which includes 84 units across four buildings within one block of Witmer St. The Witmer 4 is being sold in conjunction with 1000 N. Serrano, a 24-unit complex in East Hollywood.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.264387
- Latitude
- 34.058094
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 20-unit complex near Downtown LA with rental upside.
Where is this apartment building located?
The property is located at 401 Witmer St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Value‑add opportunity with approximately 25% rental upside.; Two vacant studio units allow for immediate rental increases.; High current CAP rate of 7.28% and GRM of 8.96 on current rents.
