Sold
450 Witmer Street
Los Angeles CA, 90017
$3,126,000
$264.53 per sqft
Sold
24 Baths
11,817 sqft
Residential
Built in 1924
Listed by Neema Ahadian with Marcus & Millichap 213-943-1800
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.
22199335
MLSⓇ ID
August 22, 2022
Listed
March 23, 2024
Updated
Map
450 Witmer Street
Los Angeles CA, 90017
Interior Features
Total Stories
0
Bathrooms
24 Baths
Appliances
Refrigerator
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.13 Acres
Other Property Details
Area Name
C42 - Downtown L.A.
Days on Market
119
Garage
No
Parking
None
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
LACW
Buyer Agency Compensation
2.25%
Listing History
Date | Event | Price |
|---|---|---|
5/18/2023 | Sold | $3,126,000 |
Listing Contact: 213-943-1800
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:26 AM UTC