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410 Witmer Street

Los Angeles, CA 90017
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Bed 0

Bed

Bath 20

Bath

SqFt7,999

Sqft

SqFt9,072

Sqft(Lot)

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, with a new roof and recently upgraded electrical that makes it 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 exceptio nal parking ratio for the area and a meaningful competitive advantage in this dense urban submarket. 410 Witmer Street is currently operating at a 7.26 GRM and a 6.96% 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 6.07 GRM and 10.89% 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,895,000

AD Id : 87071149

MLS Id : 26829839

Lot Size : 9,072 Sqft

Living Area Size : 7,999

Year Built : 1928

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1928
    Building Area Total: 7999
    Private Pool: No

  • Lot Information

    Main Square Feet: 9072 Lot Size Acres: 0.2083 Lot Size Source: Assessor Lot Size Square Feet: 9,072

  • Listing Price Information

    Listing Price: $1895000
    Original Price: $1995000

  • Tax Information

    Parcel Number: 5153025015

  • Parking Information

    Parking Total: 12 Assigned, Driveway, Garage, Tandem

    Garage Information

    Has Garage: Yes

  • Location Information

    Direction: Google Maps: 410 Witmer St Los Angeles CA 90017
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1344 W 4th Street, Los Angeles, CA, 90017 $3,995,000 -- 20 7,700 7,700 SqFt
801 S Grand #1611, Los Angeles, CA, 90017 $749,000 2 2 1,580 1,580 SqFt
318 Columbia Avenue, Los Angeles, CA, 90017 $2,250,000 11 8 4,444 4,444 SqFt
401 Witmer Street, Los Angeles, CA, 90017 $3,150,000 6 -- 8,776 8,776 SqFt
1100 Wilshire Boulevard.., Los Angeles, CA, 90017 $465,000 1 1 680 680 SqFt
877 Francisco Street #1.., Los Angeles, CA, 90017 $775,000 1 2 975 975 SqFt
517 Loma, Los Angeles, CA, 90017 $3,200,000 -- -- 8,704 8,704 SqFt
889 Francisco Street #3.., Los Angeles, CA, 90017 $498,000 -- 1 480 480 SqFt
1311 Ingraham Street, Los Angeles, CA, 90017 $1,750,000 1 -- 10,380 10,380 SqFt
767 Garland Avenue, Los Angeles, CA, 90017 $1,000,000 5 2 4,410 4,410 SqFt

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ByOwner last updated this listing 08/11/2026 @ 12:43

MLS: 26829839 LISTED BY: Casey Lins, Kidder Mathews of California, Inc. 858-369-3010 SOURCE: CRMLS

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