Log In/Sign Up
450 Witmer St
Los Angeles, CA 90017
Multifamily Property For Sale
·
24 Units
Investment Highlights
- 24-unit value add apartment building in the Westlake neighborhood of LA, located just north of 6th St and walking distance of Good Samaritan Hospital
- At the asking price, the property is being offered for a low $133,333 price per unit and $271 price per square foot
- Located in a rapidly gentrifying area; the subject property is next door to a 218-unit apartment development currently under construction
- A unit mix of 24 singles with rental upside over 38%, achievable through further interior renovations as units turn; pro forma CAP rate of 7.92%
- Well-maintained building with significant roof upgrades completed in recent months as well as the installation of tankless water heaters
- High Walk Score of 93, proximity to schools, employment, and transit options
Property Facts
| No. Units | 24 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 11,817 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1924 |
| Building Class | C | ||
| Zoning | LACW | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 11,817 SF |
| No. Stories | 3 |
| Year Built | 1924 |
| Zoning | LACW |
Amenities
Unit Amenities
- Heating
- Kitchen
Site Amenities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | 500 |
Property Taxes
| Parcel Number | 5153-024-001 | Improvements Assessment | $1,789,488 |
| Land Assessment | $1,462,802 | Total Assessment | $3,252,290 |
Property Taxes
Parcel Number
5153-024-001
Land Assessment
$1,462,802
Improvements Assessment
$1,789,488
Total Assessment
$3,252,290
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
