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    401 Witmer St Los Angeles, CA 90017

    Pending
    For Sale
    $3,300,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    8,776 SF
    Lot size:
    0.14 Acres
    Days on Market:
    492
    Last Refresh:
    Dec 13 at 10:06 pm

    Property Features for 401 Witmer St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    LAR3
    Rooms
    Bathroom 6, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 16, Bathroom 10, Bedroom 6, Bathroom 3, Bathroom 13, Bathroom 7, Bathroom 19, Bathroom 8, Bathroom 11, Bathroom 18, Bedroom 4, Bathroom 20, Bathroom 5, Bathroom 15, Bedroom 2, Bathroom 1, Bedroom 5, Bathroom 12, Bathroom 14, Bedroom 3, Bathroom 17, Bathroom 9
    Bedrooms
    6
    Bathrooms
    20
    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

    Compass

    Listing agent Max Berger (310) 230-5478 License #02054048

    Listing date Aug 9, 2024

    Copyright © 2025 TheMLSCLAW. 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, CA 90017 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. The property, zoned LAR3, includes community laundry and gated entry. All tenants are responsible for their own electricity and gas utilities. This property is a value-add opportunity with approximately 25% rental upside with two vacant studio units. The property is part of the Witmer 4, which includes 84 units across 4 buildings within 1 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

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Law Firm Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.264387
    Latitude
    34.058094

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    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 and 2 vacant studio units; - High 7.28% current CAP rate and 8.96 GRM on current rents, potential to stabilize at 9.92% CAP; - Located near Echo Park, Silver Lake, Koreatown, 101 Fwy, and 110 Fwy
    (310) 230-5478
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Witmer St Los Angeles, CA 90017
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