Home | Los Angeles County | Los Angeles | 90026 | 280 Witmer
MLS: CRAR26080904 | Status: | Price: $2,650,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,710 | 1927 |
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 ±12,000 square feet on a ±7,710 square foot lot, featuring an efficient unit mix of (22) studios and (1) one-bedroom unit. Units average approximately ±450–500 square feet (buyer to verify) and offer functional layouts that align with strong rental demand in the area. Ownership has completed significant capital improvements, including copper plumbing, a complete electrical panel upgrade, partial roof replacement (pitched portion), updated horizontal drain lines, new gas wall heaters, and a 100-gal
| Field | Value |
|---|---|
| MLS # | CRAR26080904 |
| MLS Source | California Regional MLS |
| Days on Site | 7 |
| Feature | Details |
|---|---|
| Laundry | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
Justin McCardle
Growth Investment Group Pasade
License #: 01895720
Phone: (310) 606-0192
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
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This listing information is up-to-date as of May 06, 2026. For the most current information, please contact Justin McCardle, (310) 606-0192.