Back

1 of 23

2 of 23

3 of 23

4 of 23

5 of 23

6 of 23

7 of 23

8 of 23

9 of 23

10 of 23

11 of 23

12 of 23

13 of 23

14 of 23

15 of 23

16 of 23

17 of 23

18 of 23

19 of 23

20 of 23

21 of 23

22 of 23

23 of 23

280 Witmer St
Los Angeles, CA 90026 City West

$2,650,000 USD

Apartments For Sale • 12,000 SF

Property Details

Property Type Apartments
Total Building Size 12,000 SF
Lot Size 0.18 AC
Building Class C
Year Built 1927
Cap Rate 7.38 %
Zoning CW

100 Transit Score

80 Walk Score

                
                    Highlights
                
                                Strong In Place CAP Rate and GRM of ±7.38% & ±7.96x & 35%  Rental Upside
                            
                                True Value-Add Basis: ±$115,200/Unit & $221/SQFT.
                            
                                Major Capital Improvements Completed: Electrical Panel Upgrade, Partial roof replacement (pitched portion), copper plumbing...
                            
                                Proven Rental Performance: In-place rents have historically performed at or above market levels within the Westlake submarket.
                            
                                Smart Water Management: DrizzleX system installed to monitor and optimize water usage across units, reducing operating costs

Property Flyers

Flyer-280WitmerSt

Financial Summary (Actual)

Net Operating Income: $195,737 USD (2025)

Cap Rate:	7.38 %
Total Expenses:	$127,855 USD

Amenities

Cable Ready
Heating
Kitchen

Public Transportation

Commuter Rail	Drive	Walk	Distance
	6 min	-	2.3 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))	8 min	-	2.3 mi
Airport	Drive	Walk	Distance
Los Angeles International	26 min	-	14.9 mi
Bob Hope	24 min	-	15.6 mi
Long Beach (Daugherty Field)	32 min	-	23.2 mi

Justin McCardle 310-606-0192 Growth Investment Group California

280 Witmer St Los Angeles, CA 90026 City West