$3,150,000
-$150,000401 Witmer Street, Los Angeles CA 90017
Multi-Family (20 Units)
Property type
63 days
On market
$359
Price per sqft
N/A
Garage
1924
Year built
6,020 sqft
Lot size
Open Houses
Overview
We are proud to present 401 Witmer St, a 20-unit multifamily community located in the North West Lake neighborhood of Los Angeles, offered at a 8.71 GRM and a 6.59% CAP on actual rents, with upside potential to achieve an 8.55 GRM and an 6.80% CAP with market rents. The property is comprised of one, two-story building consisting of a total of 8,776 rentable square feet. Built...
Listing provided by: Casey Lins DRE #01902650 714-333-6768, Kidder Mathews of California, Inc., Vincent Cook DRE #02012324 213-225-7222, Kidder Mathews of California, Inc
Listing updated: May 26, 2026 at 05:02pm.
Last checked: Jun 13, 2026 at 06:30am
Source: CRMLS #26719947
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 14 | 0 | 1 | — | $1,357 | $1,357 | $1,400 | Unfurnished |
| 6 | 1 | 1 | — | $1,857 | $1,857 | $1,850 | Unfurnished |
# of Buildings: 1
# of Units Total: 20
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
8.7x
List Price / Annual Gross Rent
Cap Rate
6.59%
NOI / List Price
Net Operating Income: $207,740
Exterior
Stories Total: 2
Levels: Two
Garage and Parking
Parking: None
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 5153026018
Additional Parcels: No
Zoning: LAR3
Lot Size Dimensions: 50x120
Lot Dimensions Source: Assessor
Community
HOA: No
Senior Community: No