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  • 401 Witmer Street

401 Witmer Street, Los Angeles, CA 90017

$3,300,000 Approx. USD 6 beds, 20 baths
8,776 sqft
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Photo of Karen Thelin

Karen Thelin REALTOR® - Sales Associate 310-940-4480 m
818-380-2181 o
Lic#: 01312055
NRDS ID: 207014186
KarenThelin@bhhscal.com Text Me
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Lic#: 01312055
NRDS ID: 207014186
KarenThelin@bhhscal.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Fax: 818-386-9007
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Listing Agent


Max Berger | max@kennystevensteam.com
Lic#: 02054048
Broker: Courtesy of Compass
Phone: 818-321-4972

Agent Remarks

401 Witmer is a 20 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 a 7.28% CAP and 8.96 GRM on current rents, $165,000 per unit, and $376 per foot. This value-add opportunity offers approx. 25% rental upside with 2 VACANT studio units. At projected market rents, the property will stabilize at a 9.92% CAP and 7.17 GRM. Built in 1924, the 8,776 SF two-story complex consists of (6) 1-bdrm. units and 14) studio units. All tenants pay their own electricity and gas utilities. Property amenities include community laundry and gated entry. 401 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.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 24424053
Price: $3,300,000
Beds: 6
Baths: 20
Built in 1924
8,776 sqft
2 stories
0.14 acres
Lot size: 0.1360
County: Los Angeles
Zoning: LAR3
Parking description: None
Heating description: Wall Furnace
MLS area: C42 - Downtown L.A.

Last Updated: 6/12/2026

 Days On Market (DOM): 4

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.058094, -118.264387.
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Source: CRM. Also Available in 26719947,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Karen Thelin

Karen Thelin REALTOR® - Sales Associate 310-940-4480 m
818-380-2181 o
Lic#: 01312055
NRDS ID: 207014186
KarenThelin@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 01312055
NRDS ID: 207014186
KarenThelin@bhhscal.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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