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280 Witmer St
Los Angeles, CA 90026 City West

$2,650,000 USD

Apartments For Sale  •  11,859 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,859 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

Seller May Consider Carrying Financing. 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

Financial Summary (Actual)

Net Operating Income: $195,737 USD (2025)
Cap Rate: 7.38 %
Total Expenses: $127,855 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Kitchen
  • Oven
  • Range
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.1 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 - 2.3 mi
Transit/SubwayDriveWalkDistance
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 19 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)) 3 min 20 min 1.1 mi
AirportDriveWalkDistance
Bob Hope 25 min - 14.2 mi
Los Angeles International 26 min - 18.1 mi
Long Beach (Daugherty Field) 32 min - 23.1 mi
Justin McCardle 310-606-0192 Growth Investment Group California
Justin McCardle 310-606-0192 Growth Investment Group California