Apartment Building with Tandem
410 Witmer St Los Angeles, CA 90017
For Sale
$1,949,000
Two-story wood-frame apartment with 20 studio units and 12 uncovered tandem parking spaces.
Property Size7,999 SF
Lot Size0.21 Acres
Price / SF$243.66
Days on Market86
Property Features for 410 Witmer St
General Information
Standard status
Active
Size
7,999 SF
Lot size
0.21 Acres
Property subtype
MULTI_FAMILY
Building Details
Year Built
1928
Listing Agency:
Kidder Mathews of California, Inc.
(213) 225-7223
Listed By:
Casey Lins · License #01902650
Source:
Rochellemaize
Added: May 5
Changed: Jul 26
Last Checked: Jul 29 at 10:46AM
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.
410 Witmer Street is a two-story, wood-frame apartment building on a raised foundation containing 20 studio units and approximately 7,999 rentable square feet. Built in 1928, the property includes a recently upgraded electrical system and a new roof. Off-street parking is provided via 12 uncovered on-site tandem spaces.
The building sits on a 9,072 square foot mid-block lot in an LACW-zoned area near the intersection of Witmer Street and W 3rd Street. The property’s connectivity includes access to the 101, 110, and 10 freeways, along with multiple Metro transit lines. Current performance is reported at a 7.47 GRM and a 6.74% cap rate on in-place rents, with a stated opportunity to improve returns through interior renovations, operational efficiencies, and capturing mark-to-market rent potential, projecting a 6.25 GRM and 10.55% cap rate upon stabilization.
The building sits on a 9,072 square foot mid-block lot in an LACW-zoned area near the intersection of Witmer Street and W 3rd Street. The property’s connectivity includes access to the 101, 110, and 10 freeways, along with multiple Metro transit lines. Current performance is reported at a 7.47 GRM and a 6.74% cap rate on in-place rents, with a stated opportunity to improve returns through interior renovations, operational efficiencies, and capturing mark-to-market rent potential, projecting a 6.25 GRM and 10.55% cap rate upon stabilization.
Key Highlights
- 20‑unit, two‑story wood‑frame apartment building built in 1928 with a total of 7,999 rentable SF
- Unit mix: 20 studio units
- LACW‑zoned 9,072 SF mid‑block lot with 12 uncovered on‑site tandem parking spots (high parking ratio)
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story wood-frame apartment with 20 studio units and 12 uncovered tandem parking spaces.
Where is this apartment building located?
The property is located at 410 Witmer St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: 20‑unit, two‑story wood‑frame apartment building built in 1928 with a total of 7,999 rentable SF; Unit mix: 20 studio units; LACW‑zoned 9,072 SF mid‑block lot with 12 uncovered on‑site tandem parking spots (high parking ratio)
