20-Unit Apartment
For Sale
$3,300,000
Pending
401 Witmer St, Los Angeles, CA 90017
Residential Income, Los Angeles, CA
Property Size8,776 SF
Lot Size0.14 Acres
Days on Market771
Property Features for 401 Witmer St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR3
Bedrooms
6
Bathrooms
20
Full bathrooms
2
Rooms
Bathroom 11, Bedroom 2, Bedroom 3, Bathroom 10, Bathroom 20, Bathroom 3, Bathroom 4, Bathroom 16, Bedroom 6, Bedroom 1, Bathroom 18, Bathroom 15, Bathroom 7, Bathroom 5, Bathroom 6, Bathroom 12, Bathroom 19, Bathroom 17, Bathroom 13, Bedroom 5, Bedroom 4, Bathroom 8, Bathroom 2, Bathroom 14, Bathroom 1, Bathroom 9
Directions
401 Witmer is 1.5 miles from Echo Park Lake and the heart of Downtown LA. Located just south of West 3rd St, the property is in close proximity to Echo Park, Silver Lake, Koreatown, the 101 Fwy, and the 110 Fwy.
Subdivision
Downtown L.A.
Standard status
Pending
APN
5153-026-018
Size
8,776 SF
Lot size
0.14 Acres
Amenities
community laundry
gated entry
Building Details
Year built
1924
Floors in Building
2
Number of units
20
Listing Agency:
Compass
(310) 230-5478
Listed By:
Max Berger · License #02054048
(818) 321-4972
Added: Aug 5, 2024
Changed: Sep 14
Last Checked: Sep 14 at 10:06AM
MLS# 24-424053
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.
Investment Insights
Based on property information with market context.
This two-story apartment property contains 20 units within 8,776 square feet and was built in 1924. The unit mix includes six one-bedroom apartments and 14 studios, with two studio units currently vacant. Residents pay their own electricity and gas utilities, while shared amenities include community laundry and controlled entry. The property is zoned LAR3 and occupies 0.136 acres.
Located at 401 Witmer St, the complex is 1.4 miles south of Echo Park Lake and near Echo Park, Silver Lake, Koreatown, Downtown LA, the 101 Fwy, and the 110 Fwy. Current operations reflect a 7.28% CAP and 8.96 GRM, while projected market rents indicate a 9.92% CAP and 7.17 GRM. The property may be purchased individually as part of the Witmer 4 portfolio.
Located at 401 Witmer St, the complex is 1.4 miles south of Echo Park Lake and near Echo Park, Silver Lake, Koreatown, Downtown LA, the 101 Fwy, and the 110 Fwy. Current operations reflect a 7.28% CAP and 8.96 GRM, while projected market rents indicate a 9.92% CAP and 7.17 GRM. The property may be purchased individually as part of the Witmer 4 portfolio.
Key Highlights
- 20‑unit apartment property with six one‑bedroom units and 14 studio units
- 8,776 SF, two‑story complex built in 1924
- Two vacant studio units and projected 25% rental upside
Property Analytics
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Current Use
Lease Details
20
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 90017, CA
27,295
Population
15,953
Households
1.7
Avg Household Size
33
Median Age
36%
College-Educated
72%
High-School Grad
0.7 sq mi
ZIP Area
38,993
Density / Sq Mi
$51,317
Median Household Income
$35,076
Median Earnings
$1,669
Median Rent
$675,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily property with gated entry and community laundry.
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: 20‑unit apartment property with six one‑bedroom units and 14 studio units; 8,776 SF, two‑story complex built in 1924; Two vacant studio units and projected 25% rental upside
