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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Apartment buildings
301 Witmer St Los Angeles, CA 90017-1350
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6773981
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1924
Construction
TILT-UP CONCRETE
Total area
22,320 SF
Lot
0.15 ac (6,597 SF)
Zoning code
LAC2
APN
5153-026-002
UPID
US09-6773981
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
California Auto Service Mobil Work Auto Repair Shop
-
Casper's mobile car wash and detailing Carpet Cleaning Service Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.50M
Owner & transaction history
301 Witmer LLC · 18 yrs held
301 Witmer LLC
since 2007
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$67 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$31,790
Tax year 2024
Assessed value
$2,402,261
Assessed 2024
Previous assessed
$2,402,261
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$819,943
Assessed improvement
$1,582,318
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Units
42
Bathrooms
42
Total area
22,320 SF
Lot
0.15 ac (6,597 SF)
Zoning code
LAC2
APN
5153-026-002
UPID
US09-6773981
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Units
42
Bathrooms
42
Lot
0.15 ac
Current owner
From public records · entity-resolved
301 Witmer LLC
Entity
Mailing address
7260 W SUNSET BLVD STE #202, LOS ANGELES, CA 90046-3417
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
—
301 Witmer LLC
—
Deed
related
$3,520,000 · Jpmorgan Chase Bank NA
Feb 12, 2020
—
301 Witmer LLC
—
Deed
related
$3,600,000 · Jpmorgan Chase Bank NA
Jan 4, 2018
—
301 Witmer LLC
—
Deed
related
$250,000 · Jpmorgan Chase Bank NA
Jul 27, 2007
—
301 Witmer LLC
Edwards,brian P & Nouria
Quit Claim Deed
related
—
Oct 12, 2006
—
301 Witmer LLC
Edwards,brian P & Nouria
Quit Claim Deed
related
—
Nov 10, 2004
$1,750,000
Brian P Edwards
K & N Investments LLC
Grant Deed
$1,500,000 · K & N Investments LLC
May 15, 2003
$410,000
K & N Investments LLC
Nikki Investments LLC
Grant Deed
$900,000 · Balubhai G & Sardaben B Patel
Nov 14, 2001
$790,000
Nikki Investments LLC
Dr Lynch Foundation
Grant Deed
$550,000 · Western State Bank
Mar 9, 1994
—
Lynch Foundation
—
Deed Of Trust
related
—
Jun 14, 1972
$115,000
Lynch Foundation
—
Grant Deed
related
—
—
—
Brian P Edwards
—
Deed Of Trust
related
$1,612,000 · Pacific Premier Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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