280 Witmer, Los Angeles, CA 90026

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
280 Witmer,Los Angeles, CA 90026
$2,500,000
  • 1 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: justin mccardle
Office: growth investment group pasade
MLS#:AR26080904
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,500,000

About this home

The Witmer Apartments (280 Witmer St), a 23-unit value-add multifamily opportunity located in the heart of the rapidly evolving Westlake submarket of Los Angeles. Offered at a competitive basis of $115,200 per unit and $221 per square foot, the property features a strong in-place CAP rate of 7.38% and GRM of 7.96x, providing immediate cash flow with substantial upside potential. The property offers approximately 35% rental upside, with in-place rents that have historically performed at or above market levels within the Westlake submarket. This presents investors with a compelling opportunity to acquire a well-performing asset with clear pathways to increase revenue through unit renovations and operational improvements. Built in 1927, The Witmer Apartments consist of 23 units totaling 12,000 square feet on a 7,710 square foot lot, featuring an efficient unit mix of (22) studios and (1) one-bedroom unit. Units average approximately 450500 square feet (buyer to verify) and offer...

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Home facts

  • Listing ID #:AR26080904
  • Added:154 day(s) ago
  • Updated:October 08, 2026 at 02:05 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:2

Finances and disclosures

  • Price:$2,500,000
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