401 Witmer Street

Property Overview

We are proud to present 401 Witmer St, a 20-unit multifamily community located in the North West Lake neighborhood of Los Angeles, offered at a 8.23 GRM and a 7.05% CAP on actual rents, with upside potential to achieve an 8.08 GRM and an 7.27% CAP with market rents. The property is comprised of one, two-story building consisting of a total of 8,776 rentable square feet. Built in 1923, the property sits on a 6,020 square foot LAR3-zoned midblock lot. The unit mix features six (6) one-bedroom one-bathroom units and fourteen (14) studio units. Fourteen out of sixteen units have been renovated, and there are currently four VACANT units: one (1) one-bedroom unit and three (3) studio units. Located off of Witmer St and W 3rd St nearby Gratts Elementary School and Contreras High School, this location offers excellent access with close proximity to the 101, 110 and 10 freeways, multiple Metro stations, and easy access to Downtown Los Angeles and neighboring communities such as Silver Lake, Echo Park, Elysian Heights, Koreatown and more. Contact the listing broker for additional information.

Home Details

Property type: Residential Income
Year built: 1924
Living area: 8,776 sq ft
Lot size: 6,020 sq ft
Stories: 2
Days on market: 93
MLS status: Active
Zoning: LAR3

Features & Amenities

Parking

None

Location & Neighborhood

Los Angeles, CA 90017

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Frequently Asked Questions About 401 Witmer Street

Property type: Residential Income

The current asking price is $2,975,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 401 Witmer Street. Our team will confirm availability and timing.

This 6 bedrooms and 20 bathrooms property offers approximately 8,776 square feet of living space. It was built in 1924. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.