401 Witmer St, Los Angeles, CA 90017

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For Sale

Sale Pending

^$3,300,000

6 beds • 8,776 sqft

Estimated Payment

^$ 16,983 /mo. ^†

6.67% APR for 30 yrs.
$0 in taxes
Change Loan Terms

CENTURY 21 King

9235 BaseLine Rd. Rancho Cucamonga, CA 91730
Phone: (909) 980-8000

Multi-Family (2-4 Units)
Property type
$376.03
Price per square foot
Over 50 Years Old
Age

Explore this Property

401 Witmer is a 20 unit value-add complex located 1.4 miles south of Echo Park Lake and the heart of Downtown LA. Located just south of W. 3rd St, the property is in close proximity to Echo Park, Silver Lake, Koreatown, the 101 Fwy, and the 110 Fwy. The property is offered at a 7.28% CAP and 8.96 GRM on current rents, $165,000 per unit, and $376 per foot. This value-add opportunity offers approx. 25% rental upside with 2 VACANT studio units. At projected market rents, the property will stabilize at a 9.92% CAP and 7.17 GRM. Built in 1924, the 8,776 SF two-story complex consists of (6) 1-bdrm. units and 14) studio units. All tenants pay their own electricity and gas utilities. Property amenities include community laundry and gated entry. 401 Witmer, which can be purchased individually, is part of the Witmer 4 - 84 units across 4 buildings within 1 block of Witmer St. The Witmer 4 is being in sold in conjunction with 1000 N. Serrano, a 24-unit complex in East Hollywood offered at a 6.75% CAP on real expenses. Please contact LA 1 for more information.

MLS# 24-424053

Courtesy Of Compass

(310) 230-5478

Property Features

Age

Over 50 Years Old
Architecture Style

Other

Map and Directions

Directions to 401 Witmer St, Los Angeles, CA 90017

Home seller CENTURY 21 King

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 King

(909) 980-8000

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Mortgage Calculator

Purchase Price

Down Payment

$ %

Loan Term

15 year 20 year 30 year

Interest Rate

Monthly Payment Breakdown

Principle and Interest
$16,983
Property Taxes
$0
Hazard Insurance
$0
Private Mortgage Insurance
$0
HOA Dues
$0
Total Monthly Payment:
$16,983

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Para Los Ninos - Evelyn Thurman Gratts Primary

Grades KG-1 Public School

Los Angeles, CA 90017 0.4 miles

School Details

Gratts Learning Academy For Young Scholars (glays)

Grades 2-6 Public School

Los Angeles, CA 90017 0.1 miles
309 lucas ave

362 total students
23:1 Student teacher ratio

School Rating: C

School Details

Miguel Contreras Learning Complex - School Of Global Studies

Grades 9-12 Public School

Los Angeles, CA 90017 0.2 miles
322 lucas ave

321 total students
17:1 Student teacher ratio

School Rating: D

School Details

Other Nearby Schools	Distance	Type	Grades	School Rating
Para Los Nios - Evelyn Thurman Gratts Primary School	0.1 miles	Public	KG-2
N.e.w. Academy Of Science And Arts	0.2 miles	Public	KG-5	C-
Harris Newmark Continuation	0.2 miles	Public	9-12	F
Sal Castro Middle School	0.2 miles	Public	6-8	C-
Camino Nuevo Charter High School	0.4 miles	Public	9-12	F

John Liechty Middle School	0.4 miles	Public	6-8	C-
Alliance Ted K. Tajima High School	0.4 miles	Public	9-12	A-
Special Education-infant/preschool Program	0.4 miles	Public
Union Avenue Elementary	0.4 miles	Public	PK-5	C-
Esperanza Elementary	0.5 miles	Public	KG-5	C+
Los Angeles Academy Of Arts And Enterprise	0.5 miles	Public	6-12	D
Icl Academy For Film And Performing Arts	0.5 miles	Private	7-12

Para Los Nios - Evelyn Thurman Gratts Primary School

Distance: 0.1 miles

Type Public

Grades: KG-2

N.e.w. Academy Of Science And Arts

Distance: 0.2 miles

Type Public

Grades: KG-5

C-

Harris Newmark Continuation

Distance: 0.2 miles

Type Public

Grades: 9-12

Sal Castro Middle School

Distance: 0.2 miles

Type Public

Grades: 6-8

C-

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Los Angeles, CA 90017

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Los Angeles, CA 90017

This community’s employment is highest in the administrative support and finance industries. The area’s overall household expenses are below the national average.

83° August

Hottest Average Month

45° January

Coldest Average Month

10,855 Total Households in Area

-3.5% Increase in population since the year 2010

21.4%

of households
have children

32 minutes

Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Los Angeles, CA 90017

Los Angeles, CA 90017 has a population of 25,003 people in 10,855 households with a median age of 34 years old.

-3.5%

Decrease in population
since the year 2010

Population is Trending down

11,552

Total households as of 2010

0.4%

projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 34 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

Hispanic	58%
Other	40%
White	18%
Asian	17%
Black	8%
Native American	4%

The most prevalent ethnicity is Hispanic at 58%, followed by Other at 40%, White at 18%, and Asian at 17%.

Economics
for Los Angeles, CA 90017

34,710 /sq mi

Population Density

$55,669 /yr

Median Household Income

$642,500

Median Sales Price

32 min

Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Under $15k representing 21.86% of the households.

Transportation to Work

Drive 48%
Public Transit 27%
Walk or Bike 13%
Work from Home 11%

Occupancy by Type

Rented	10,341	81%
Vacant	1,869	15%
Owned	514	4%

White vs Blue Collar Jobs

White Collar	70%
Blue Collar	30%

Family & Education Facts
for Los Angeles, CA 90017

34 Median Age

Average Household Size

2.3

persons per
household

19.1%

Married Households

Community Population By Education

Some High School	33%
Bachelors Degree	21%
High School Graduate	16%
Graduate Degree	13%
Some College	12%
Associates Degree	5%

Of the total people surveyed, the most prevalent educational attainment level is Some High School, representing 32.73% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)

21.5% of households have children

Weather
for Los Angeles, CA 90017

The weather for this area ranges from a high of 83° F in August to a low of 45° F in January

83° August

Hottest Average Month

45° January

Coldest Average Month

Average Temperature by Month

Low (°F)

High (°F)

Jan

45°

67°

Feb

47°

68°

Mar

48°

68°

Apr

51°

71°

May

55°

73°

Jun

58°

77°

Jul

61°

82°

Aug

62°

83°

Sep

60°

82°

Oct

56°

78°

Nov

50°

73°

Dec

46°

67°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Los Angeles, CA 90017!
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An Equal Opportunity Company

Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

401 Witmer St, Los Angeles, CA 90017

^$3,300,000

^$ 16,983 /mo. ^†

Explore this Property

Property Features

Map and Directions

Home seller CENTURY 21 King

CENTURY 21 King

Mortgage Calculator

Monthly Payment Breakdown

Schools

Para Los Ninos - Evelyn Thurman Gratts Primary

Gratts Learning Academy For Young Scholars (glays)

Miguel Contreras Learning Complex - School Of Global Studies

Miguel Contreras Learning Complex - School Of Social Justice

Miguel Contreras Learning Complex - School Of Business & Tourism

Miguel Contreras Learning Complex - Academic Leadership Community

Belmont High School

Roybal Learning Center

Local area information for Los Angeles, CA 90017

Los Angeles, CA 90017

Household Expenses vs National Average

Demographic facts
for Los Angeles, CA 90017

Community Population By Age

Community Population By Ethnicity

Economics
for Los Angeles, CA 90017

Household Expenses vs National Average

Household by Income

Transportation to Work

Occupancy by Type

White vs Blue Collar Jobs

Family & Education Facts
for Los Angeles, CA 90017

Average Household Size

Community Population By Education

Household Family Expenses vs National Average

Weather
for Los Angeles, CA 90017

Average Temperature by Month

Precipitation

401 Witmer St, Los Angeles, CA 90017

$3,300,000

$ 16,983 /mo. †

Explore this Property

Property Features

Map and Directions

Home seller CENTURY 21 King

CENTURY 21 King

Mortgage Calculator

Monthly Payment Breakdown

Schools

Para Los Ninos - Evelyn Thurman Gratts Primary

Gratts Learning Academy For Young Scholars (glays)

Miguel Contreras Learning Complex - School Of Global Studies

Miguel Contreras Learning Complex - School Of Social Justice

Miguel Contreras Learning Complex - School Of Business & Tourism

Miguel Contreras Learning Complex - Academic Leadership Community

Belmont High School

Roybal Learning Center

Local area information for Los Angeles, CA 90017

Los Angeles, CA 90017

Household Expenses vs National Average

Demographic facts for Los Angeles, CA 90017

Community Population By Age

Community Population By Ethnicity

Economics for Los Angeles, CA 90017

Household Expenses vs National Average

Household by Income

Transportation to Work

Occupancy by Type

White vs Blue Collar Jobs

Family & Education Facts for Los Angeles, CA 90017

Average Household Size

Community Population By Education

Household Family Expenses vs National Average

Weather for Los Angeles, CA 90017

Average Temperature by Month

Precipitation

401 Witmer St Los Angeles , CA 90017

CENTURY 21 King

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^$3,300,000

^$ 16,983 /mo. ^†

Demographic facts
for Los Angeles, CA 90017

Economics
for Los Angeles, CA 90017

Family & Education Facts
for Los Angeles, CA 90017

Weather
for Los Angeles, CA 90017

401 Witmer St
Los Angeles , CA 90017