401 Witmer Street, Los Angeles, CA 90017

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
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401 Witmer Street,Los Angeles, CA 90017
$3,300,000
  • 6 Beds
  • 20 Baths
  • 8,776 sq. ft.
  • Multi-family
  • Pending
Listed by:max berger
Office:compass
MLS#:24424053
Source:CRMLS

Price summary

  • Price:$3,300,000
  • Price per sq. ft.:$376.03

About this home

401 Witmer is a 20 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 a 7.28% CAP and 8.96 GRM on current rents, $165,000 per unit, and $376 per foot. This value-add opportunity offers approx. 25% rental upside with 2 VACANT studio units. At projected market rents, the property will stabilize at a 9.92% CAP and 7.17 GRM. Built in 1924, the 8,776 SF two-story complex consists of (6) 1-bdrm. units and 14) studio units. All tenants pay their own electricity and gas utilities. Property amenities include community laundry and gated entry. 401 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

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Home facts

  • Year built:1924
  • Listing Id #:24424053
  • Added:380 day(s) ago
  • Updated:August 18, 2025 at 07:47 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:20
  • Living area:8,776 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1924
  • Building area:8,776 sq. ft.
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$3,300,000
  • Price per sq. ft.:$376.03
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