400 Witmer St Los Angeles, CA 90017
Westlake NeighborhoodEstimated payment $21,853/month
Highlights
- Card or Code Access
- Gated Home
- West Facing Home
- Laundry Facilities
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 6,821 Sq Ft Lot
- West Facing Home
- Gated Home
Interior Spaces
- 9,800 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 24 Bathrooms
Utilities
- Heating System Mounted To A Wall or Window
Community Details
- 24 Units
- Laundry Facilities
- Rent Control
- Card or Code Access
Listing and Financial Details
- Assessor Parcel Number 5153-025-012
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $45,095 | $3,641,049 | $2,844,571 | $796,478 |
| 2024 | $44,566 | $3,569,657 | $2,788,796 | $780,861 |
| 2023 | $43,720 | $3,499,664 | $2,734,114 | $765,550 |
| 2022 | $41,723 | $3,431,044 | $2,680,504 | $750,540 |
| 2021 | $41,188 | $3,363,770 | $2,627,946 | $735,824 |
| 2019 | $39,978 | $3,270,540 | $2,550,000 | $720,540 |
| 2018 | $28,012 | $2,217,390 | $1,456,560 | $760,830 |
| 2016 | $26,695 | $2,125,000 | $1,400,000 | $725,000 |
| 2015 | $3,684 | $194,165 | $33,838 | $160,327 |
| 2014 | $3,864 | $190,363 | $33,176 | $157,187 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/09/2024 08/09/24 | Pending | -- | -- | -- | |
| 08/05/2024 08/05/24 | For Sale | $3,350,000 | +57.6% | $342 / Sq Ft | |
| 11/17/2015 11/17/15 | Sold | $2,125,000 | -7.4% | $217 / Sq Ft | View Prior Sale |
| 08/09/2015 08/09/15 | Pending | -- | -- | -- | |
| 06/18/2015 06/18/15 | For Sale | $2,295,000 | -- | $234 / Sq Ft |
Source: The MLS
MLS Number: 24-424029
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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