Apartment Building with Tandem
For Sale
$1,825,000
410 Witmer St, Los Angeles, CA 90017
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$228.15
Days on Market131
Property Features for 410 Witmer St
General Information
Standard status
Active
Size
7,999 SF
Total Parking Spaces
12
Lot size
0.21 Acres
Property subtype
MULTI_FAMILY
Zoning
LACW
Additional Details
Cap Rate
6.74%
Highway Access
Yes
Multifamily Units
20
Building Details
Building Size
7,999 SF
Year Built
1928
Stories
2
Construction
wood-frame
Tenancy
Multi
Listing Agency:
Kidder Mathews of California, Inc.
Listed By:
Casey Lins · License #01902650
(213) 225-7223
Source:
Rochellemaize
Added: May 5
Changed: Aug 28
Last Checked: Sep 12 at 7:26AM
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
20
Residential units
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $1,825,000.
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)
