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CA
Los Angeles
Los Angeles
90017
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CA
Los Angeles
Los Angeles
90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
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$3,350,000

400 Witmer Street, Los Angeles, CA, 90017

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400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
Unsave
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400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017
400 Witmer Street, Los Angeles, CA, 90017

Information

MLS ID: 24424029
Price: $3,350,000
Days On Market: 20
Year Build: 1924
Bedrooms: 9

Details

Address: 400 Witmer Street
County: Los Angeles
City: Los Angeles
Zip: 90017
State: California

Description

400 Witmer is a 24 unit value-add complex located 1.4 miles south of Echo Park Lake and the heart of Downtown LA. 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. The property is offered at 6.98% CAP and 8.41 GRM on current rents, $139,583 per unit, and $342 per foot. This significant value-add opportunity presents 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. Built in 1924, the 9,800 SF two-story complex consists of (9) 1-bdrm. units and (15) studio units. 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. The Witmer 4 is being in sold in conjunction with 1000 N. Serrano, a 24-unit complex in East Hollywood offered at a 6.75% CAP on real expenses.Please contact LA 1 for more information.

Location

Listed By

Listing Agent

Max Berger

max@kennystevensteam.com
818-321-4972
Compass

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Print Details
Based on information from CRISNet MLS all data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Updated: 20th April, 2026 6:23 PM (UTC)
Listing Agent: Max Berger
Listing Office: Compass
Attribution contact: 818-321-4972

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Based on information from CRISNet MLS all data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Updated: 20th April, 2026 6:23 PM (UTC)

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