280 Witmer

Los Angeles, CA 90026
Property listed by Growth Investment Group Pasade, Justin McCardle 310-606-0192
$2,650,000
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 GRMRead MoreRead Less
Listing Snapshot
Days Online
20
Last Updated
Property Type
Apartment
Lot Size
0.18 Acres
Year Built
1927
MLS Number
AR26080904
Property Location Map
Additional Details
Building
Built in 1927, 1 building, 2 stories, Entry level: 1, Entry location: 1
Community
Urban
Expenses
Electric: $1,360, Fuel: $7,524, Insurance: $18,908, Operating: $127,855, Trash: $17,994, Water/Sewer: $36,000
Income
Gross Income: $333,600, Gross ScheduledIncome: $333,600, Net Operating Income: $195,736
Laundry
None
Lot
0.177 acres, NoLandscaping
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 5153028009, Tax Block: 1, Lot: 9
Utilities
Water Source: Public, 24 separate electric meters
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Monthly Payment
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Eric & Debra Ross
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.