400 Witmer Street, Los Angeles, CA 90017

Local realty services provided by:Better Homes and Gardens Real Estate Town Center
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400 Witmer Street,Los Angeles, CA 90017
$3,350,000
  • 9 Beds
  • 24 Baths
  • 9,800 sq. ft.
  • Multi-family
  • Pending
Listed by:max berger
Office:compass
MLS#:24424029
Source:CRMLS

Price summary

  • Price:$3,350,000
  • Price per sq. ft.:$341.84

About this home

400 Witmer is a 24 unit value-add complex located 1.4 miles south of Echo Park Lake and the heart of Downtown LA. Located just south of W. 3rd St, the property is in close proximity to Echo Park, Silver Lake, Koreatown, the 101 Fwy, and the 110 Fwy. The property is offered at 6.98% CAP and 8.41 GRM on current rents, $139,583 per unit, and $342 per foot. This significant value-add opportunity presents approx. 42% rental upside with a VACANT studio unit. At projected market rents, the property will stabilize at a 11.58% CAP and 5.99 GRM. Built in 1924, the 9,800 SF two-story complex consists of (9) 1-bdrm. units and (15) studio units. Tenants pay their own electrical utilities and the building is master metered for gas. 400 Witmer, which can be purchased individually, is part of the Witmer 4 - 84 units across 4 buildings within 1 block of Witmer St. The Witmer 4 is being in sold in conjunction with 1000 N. Serrano, a 24-unit complex in East Hollywood offered at a 6.75% CAP on real

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Home facts

  • Year built:1924
  • Listing Id #:24424029
  • Added:376 day(s) ago
  • Updated:August 17, 2025 at 07:24 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:24
  • Living area:9,800 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1924
  • Building area:9,800 sq. ft.
  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$3,350,000
  • Price per sq. ft.:$341.84
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