280 Witmer
Los Angeles, CA 90026
0
Bed
0
Bath
12,000Sqft
7,710Sqft(Lot)
The Witmer Apartments (280 Witmer St), a 23-unit value-add multifamily opportunity located in the heart of the rapidly evolving Westlake submarket of Los Angeles. Offered at a competitive basis of $115,200 per unit and $221 per square foot, the property features a strong in-place CAP rate of ±7.38% and GRM of 7.96x, providing immediate cash flow with substantial upside potential. The property offers approximately ±35% rental upside, with in-place rents that have historically performed at or above market levels within the Westlake submarket. This presents investors with a compelling opportunity to acquire a well-performing asset with clear pathways to increase revenue through unit renovations and operational improvements. Built in 1927, The Witmer Apartments consist of 23 units totaling ±1
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer
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Building Information
Year Built: 1927 Building Area Total: 12,000 -
Pool Features
NoneLaundry Features
None
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.177 -
Lot Size Source: Assessor Lot Size Square Feet: 7710
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Listing Price Information
Original List Price: 2,650,000 Listing Contract Date: 2026-05-06 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 5153028009
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Other Property Info
Source Listing Status: Active Source Neighborhood: C21 - Silver Lake - Echo Park Directions: West of the 110 and just north of 3rd St Source Property Type: Residential Income Area: C21 - Silver Lake - Echo Park Property SubType: Apartment -
Building and Construction
Property Age: 99 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2168 Princeton Avenue, Los Angeles, CA, 90026 | $3,495,000 | 3 | 2 | 2,509 | 2,509 SqFt |
| 2168 Princeton, Los Angeles, CA, 90026 | $3,495,000 | 3 | 2 | 2,509 | 2,509 SqFt |
| 2144 Echo Park Avenue, Los Angeles, CA, 90026 | $1,495,000 | 3 | 1 | 1,396 | 1,396 SqFt |
| 1622 Donaldson Street, Los Angeles, CA, 90026 | $3,295,000 | 5 | 2 | 2,966 | 2,966 SqFt |
| 2004 Echo Park Avenue, Los Angeles, CA, 90026 | $1,249,000 | 7 | 3 | 2,480 | 2,480 SqFt |
| 2140 Lemoyne Street, Los Angeles, CA, 90026 | $2,500,000 | 3 | -- | -- | |
| 1911 Echo Park Avenue, Los Angeles, CA, 90026 | $999,000 | 3 | -- | 1,728 | 1,728 SqFt |
| 1804 Echo Park Avenue, Los Angeles, CA, 90026 | $1,500,000 | 5 | -- | 2,319 | 2,319 SqFt |
| 1458 Sutherland Street, Los Angeles, CA, 90026 | $2,890,000 | 6 | -- | 3,187 | 3,187 SqFt |
| 1303 Lilac Terrace, Los Angeles, CA, 90026 | $4,300,000 | -- | -- | 5,975 | 5,975 SqFt |
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ByOwner last updated this listing 06/10/2026 @ 08:22
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