450 Witmer St

Los Angeles, CA, 90017

$3,200,000

$270 per ft²
$3,200,000
$270 per ft²
Active Under Contract
Active Under Contract
 - For Sale
baths
24 Baths
carpenters-square
11,817 ft²
property_type
Multi-family
calendar
Built 1924
The 450 Witmer St, a 24-unit value-add apartment building in the Westlake neighborhood of Los Angeles. The property features a unit mix of 24singles totaling 11,817 gross SF. At the asking price, the property is being offered for a low $133,333 price per unit and $270 price per square foot.This is an opportunity for an investor to further increase cashflow and capture an additional 38% in rental income through interior renovation of units.High Walk Score of 93, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle. The property is within walking distance to Good Samaritan Hospital. 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 employment and entertainment opportunities.
MLS® ID:
22-199335
Listed:
8/21/22
Updated:
1/27/23

Interior Features

Total Bedrooms
0
Total Bathrooms
24
Cooling
None
Heating
Natural Gas

Exterior/Building Features

Lot Size
5,571 ft² lot
Exterior Features
None

Other Property Details

Garage
No
Parking
None
View
N
County
Los Angeles
Pool
No
Zoning
LACW

Property History

Date
Event
Price
Value
12/19/22
Active Under Contract
-
-

Courtesy of Marcus & Millichap, Neema Ahadian,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Rory Posin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 1/27/23

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