20-Unit Apartment
For Sale
$2,975,000
401 Witmer Street, Los Angeles, CA 90017
Six one-bedroom units and fourteen studios, with one one-bedroom and three studio units currently vacant.
Property Size8,776 SF
Lot Size0.14 Acres
Price / SF$338.99
Days on Market122
Property Features for 401 Witmer Street
General Information
Standard status
Active
Size
8,776 SF
Net Rentable
8,776 SF
Lot size
0.14 Acres
Property subtype
Multi-family
Zoning
LAR3
Occupancy
80%
Financials
Cap Rate
7.05%
Gross Rent Multiplier
8.23
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
6 x 1BR/1BA, 14 x studio
Multifamily Units
20
Building Details
Year Built
1924
Buildings
1
Stories
2
Listing Agency:
Kidder Mathews of California,Inc.
Listed By:
Casey Lins
(714) 497-3550
Source:
Sevengables
Added: Apr 1
Changed: Jul 30
Last Checked: Jul 30 at 9:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews of California,Inc.
Investment Insights
Based on property information with market context.
This 20-unit multifamily apartment community features one two-story building with a total of 8,776 rentable square feet. The unit mix includes six one-bedroom one-bath units and fourteen studio units. There are currently four vacant units: one one-bedroom unit and three studio units.
The property is on a 6,020 square foot LAR3-zoned midblock lot and is located off Witmer St and W 3rd St. Nearby schools include Gratts Elementary School and Contreras High School. Area access includes close proximity to the 101, 110 and 10 freeways, multiple Metro stations, and convenient access to Downtown Los Angeles and surrounding communities including Silver Lake, Echo Park, Elysian Heights, and Koreatown.
The property is on a 6,020 square foot LAR3-zoned midblock lot and is located off Witmer St and W 3rd St. Nearby schools include Gratts Elementary School and Contreras High School. Area access includes close proximity to the 101, 110 and 10 freeways, multiple Metro stations, and convenient access to Downtown Los Angeles and surrounding communities including Silver Lake, Echo Park, Elysian Heights, and Koreatown.
Key Highlights
- One two‑story building with 20 units and 8,776 rentable square feet
- Unit mix: six one‑bedroom one‑bath units and fourteen studio units
- Currently four vacant units: one one‑bedroom and three studio units
Property Analytics
Current Use
Lease Details
20
Residential units
80%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11,002
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom units and fourteen studios, with one one-bedroom and three studio units currently vacant.
Where is this apartment building located?
The property is located at 401 Witmer Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: One two‑story building with 20 units and 8,776 rentable square feet; Unit mix: six one‑bedroom one‑bath units and fourteen studio units; Currently four vacant units: one one‑bedroom and three studio units
