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400 Witmer St
Los Angeles, CA 90017 City West

Price Upon Request

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
92 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.

Amenities

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

Public Transportation

Commuter RailDriveWalkDistance
6 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)) 8 min - 2.4 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)) 3 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)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Bob Hope 26 min - 14.3 mi
Los Angeles International 26 min - 18.0 mi
Long Beach (Daugherty Field) 32 min - 23.1 mi