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400 Witmer St
Los Angeles, CA 90017

$3,350,000 USD

Apartments For Sale  •  9,800 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,800 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1924
  • Zoning LACW
93 Transit Score
91 Walk Score

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.
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.
Offered at 6.98% CAP, 8.41 GRM, $139,583 per unit, and $342 per foot.
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.
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.

Property Flyers

Amenities

  • 24 Hour Access
  • Microwave
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 5 min - 2.4 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 2.5 mi
Transit/SubwayDriveWalkDistance
Grand Ave Arts / Bunker Hill Station (Metro A-Line - Metro - Los Angeles, Metro E-Line - Metro - Los Angeles) 2 min 17 min 0.9 mi
7Th Street/Metro Center Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro), Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro), Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 18 min 1.0 mi
Westlake/Macarthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
Los Angeles International 25 min - 14.8 mi
Bob Hope 24 min - 15.7 mi
Long Beach (Daugherty Field) 31 min - 23.1 mi
Kenny Stevens 310-940-8749 Compass
Kenny Stevens 310-940-8749 Compass