NOT LISTED FOR SALE

410 Witmer St Los Angeles, CA 90017

Westlake Neighborhood
-- Bed
10 Baths
7,999 Sq Ft
9,069 Sq Ft Lot

Last Sold February 08, 2024

Last sale price $1,475,000 $184 Per Sq Ft

115 Days on Market

About This Home

As of February 2024

Investment opportunity in the Westlake neighborhood of Los Angeles. The property features 20 units building with a gross 7,999 Sq.Ft. This is an opportunity for an investor to further increase cashflow and capture an additional rental income since rents are under market. Close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle. This neighborhood in Westlake is ideally located with a short commute to Downtown and Koreatown. Proximity to MacArthur Park, Echo Park, Dodger Stadium, and The Broad Museum provide residents with ample entertainment opportunities.

Last Agent to Sell the Property

Ricardo Acevedo

Acevedo Real Estate Professionals License #01812103 Listed on: 08/08/2023

Last Buyer's Agent

CESAR MENDOZA

Acevedo Real Estate Professionals License #02150134

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 9,069 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Apartment

Interior Spaces

  • 10 Bathrooms
  • 7,999 Sq Ft Home
  • 2-Story Property

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 11 / 38
  • Tax Tract Number 2091
  • Assessor Parcel Number 5153025015
  • $1,547 per year additional tax assessments

Community Details

Overview

  • 20 Units

Building Details

  • 19 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $7,800
  • Insurance Expense $3,888
  • Other Expense $37,212
  • Professional Management Expense $11,400
  • Operating Expense $60,209
  • Gross Income $173,940
  • Net Operating Income $113,731

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: Text Isis
  • Other Phone Number: 9097581677
  • Price Per Unit: 125000
  • Professional Management Expense: 11400.00
  • Property Attached: Yes
  • Zoning: LACW
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5153025015
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: level
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 184.40

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9069.00
  • Lot Size Acres: 0.2082

Rental Info

  • Tenant Pays: None

Multi Family

  • Fuel Expense: 7800.00
  • Gross Income: 173940.00
  • Gross Scheduled Income: 173940.00
  • Insurance Expense: 3888.00
  • Lot Size Area: 9069.0000 Square Feet
  • Net Operating Income: 113731.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 19
  • Number Of Units Total: 20
  • Operating Expense: 60209.00
  • Other Expense: 37212.00
  • Other Expense Description: watr&pow
  • Rent Control: Yes
  • Total Actual Rent: 12245.00
  • Total Expenses: 60209.00

Tax Info

  • Tax Block: 38
  • Tax Census Tract: 2091.03
  • Tax Lot: 11
  • Tax Tract Number: 2091
  • TaxOtherAnnualAssessmentAmount: 1547.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2024 02/08/24 Sold $1,475,000 -41.0% $184 / Sq Ft
12/01/2023 12/01/23 Pending -- -- --
09/07/2023 09/07/23 Price Changed $2,500,000 -13.8% $313 / Sq Ft
08/28/2023 08/28/23 Price Changed $2,900,000 0.0% $363 / Sq Ft
08/08/2023 08/08/23 For Sale $2,900,000 -- $363 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ricardo Acevedo

    Seller's Agent in 2024

    Ricardo Acevedo

    Acevedo Real Estate Professionals

    (909) 660-6074

    1 in this area

    406 Total Sales

    Ricardo Acevedo
    Section Image

  • C

    Buyer's Agent in 2024

    CESAR MENDOZA

    Acevedo Real Estate Professionals

    (407) 965-7177

    1 in this area

    22 Total Sales

    CESAR MENDOZA
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23147287

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90017 Westlake

410 Witmer St, Los Angeles, CA

This home is located at 410 Witmer St, Los Angeles, CA 90017 since 08 August 2023. This property was built in 1928. 410 Witmer St is a home located in Los Angeles County with nearby schools including John H. Liechty Middle School, Academic Leadership Community Miguel Contreras Learning Complex, and Belmont High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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