401 Witmer Street, Los Angeles, CA 90017
- $2,975,000
- 6
- BD
- 20
- BA
- 8,776
- SqFt
- List Price
- $2,975,000
- Price Change
- ▼ $175,000 1784250325
- Status
- ACTIVE
- MLS#
- 26719947
- Year Built
- 1924
- Bedrooms
- 6
- Bathrooms
- 20
- Living Sq. Ft
- 8,776
- Lot Size
- 6,020
- Acres
- 0.14
- Days on Market
- 109
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
We are proud to present 401 Witmer St, a 20-unit multifamily community located in the North West Lake neighborhood of Los Angeles, offered at a 8.23 GRM and a 7.05% CAP on actual rents, with upside potential to achieve an 8.08 GRM and an 7.27% CAP with market rents. The property is comprised of one, two-story building consisting of a total of 8,776 rentable square feet. Built in 1923, the property sits on a 6,020 square foot LAR3-zoned midblock lot. The unit mix features six (6) one-bedroom one-bathroom units and fourteen (14) studio units. Fourteen out of sixteen units have been renovated, and there are currently four VACANT units: one (1) one-bedroom unit and three (3) studio units. Located off of Witmer St and W 3rd St nearby Gratts Elementary School and Contreras High School, this location offers excellent access with close proximity to the 101, 110 and 10 freeways, multiple Metro stations, and easy access to Downtown Los Angeles and neighboring communities such as Silver Lake, Echo Park, Elysian Heights, Koreatown and more. Contact the listing broker for additional information.
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Additional Information
- Attached Structure
- Detached
- Number Of Units Total
- 20
Listing courtesy of Listing Agent: Casey Lins (Casey.Lins@kidder.com) from Listing Office: Kidder Mathews of California, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.