410 Witmer St, Los Angeles, CA

Name: 410 Witmer St, For Sale in Los Angeles - eXp Realty
Brand: Kidder Mathews of California, Inc.
SKU: 26829839
Price: 1995000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,995,000

02012

MLS® 26829839

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 7999 sqft

Garage Yes

Taxes

Days Active 0

Lot Size

Approx. Age 1928

Avg. Price Per Sqft $249

MLS® Number 26829839

Property Address: 410 Witmer St, Los Angeles, CA, 90017-1359

Average square foot calculated using Size range provided by listing agent.

Description

410 Witmer Street is a 20-unit, wood-frame building with a raised foundation and twelve (12) parking spots, located in a rapidly evolving submarket of Los Angeles, just west of Downtown Los Angeles. The offering represents a compelling value-add opportunity with strong in-place cash flow and significant rental upside, ideally suited for investors seeking both yield and long-term appreciation. The property consists of a two-story, wood-frame building with a raised foundation, totaling 7, 999 rentable square feet on a 9, 072 square foot LACW-zoned mid-block lot. Originally constructed in 1928, the asset features a unit mix of twenty (20) studio units and benefits from twelve (12) uncovered on-site tandem parking spaces, an exceptional parking ratio for the area and a meaningful competitive advantage in this dense urban submarket. 410 Witmer Street is currently operating at a 7.64 GRM and a 6.55% cap rate on in-place rents, with a clear path to increased cash flow through a strategic value-add program. By implementing interior renovations, improving operational efficiencies, and capturing mark-to-market rent potential, a new owner can achieve a projected 6.39 GRM and 10.28% cap rate upon stabilization. Situated near the intersection of Witmer Street and W 3rd Street, the property offers excellent connectivity to the 101, 110, and 10 freeways, as well as multiple Metro transit lines. The location benefits from its proximity to high-demand rental neighborhoods including Echo Park, Silver Lake, Elysian Heights, and Koreatown, all of which continue to experience strong tenant demand driven by their access to employment centers, lifestyle amenities, and cultural hubs. 410 Witmer Street presents a rare opportunity to acquire a well-located, income-producing asset with a favorable parking ratio and a clear roadmap to unlocking additional value in one of Los Angeles' most dynamic rental corridors. Contact the listing broker for additional information.

MLS® Number26829839

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1928

Basement

DrivewayAssigned, Driveway, Garage, Tandem

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 5, 2026List Date

$1,995,000List Price

Commute

Commute

Starting Address

Destination Address

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