Log In/Sign Up
400 Witmer St
Los Angeles, CA 90017
24 Units @ 6.98% CAP & 8.41 GRM - Witmer 4 · Multifamily Property For Sale
·
24 Units
Investment Highlights
- 400 Witmer is a 24 unit value-add complex located 1.4 miles south of Echo Park Lake and the heart of downtown Los Angeles.
- Offered at 6.98% CAP, 8.41 GRM, $139,583 per unit, and $342 per foot.
- Tenants pay their own electrical utilities and the building is master metered for gas.
- 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.
- 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.
- 400 Witmer, which can be purchased individually, is part of the Witmer 4 - 84 units across 4 buildings within 1 block of Witmer St.
Property Facts
| No. Units | 24 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 9,800 SF |
| Property Subtype | Apartment | Average Occupancy | 96% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1924 |
| Zoning | LACW - Neighborhood Commercial | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 9,800 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | LACW - Neighborhood Commercial |
Amenities
Unit Amenities
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $1,540 | - |
| Studios | 15 | $1,303 | - |
Property Taxes
| Parcel Number | 5153-025-012 | Improvements Assessment | $796,478 |
| Land Assessment | $2,844,571 | Total Assessment | $3,641,049 |
Property Taxes
Parcel Number
5153-025-012
Land Assessment
$2,844,571
Improvements Assessment
$796,478
Total Assessment
$3,641,049
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
