$2,650,000
280 Witmer, Los Angeles CA 90026
Multi-Family (23 Units)
Property type
30 days
On market
$221
Price per sqft
0 cars
Garage
1927
Year built
7,710 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Justin McCardle DRE #01895720 310-606-0192, Growth Investment Group Pasade
Listing updated: May 6, 2026 at 09:45pm.
Last checked: Jun 5, 2026 at 03:00pm
Source: CRMLS #AR26080904
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 22 | 0 | 1 | — | $1,193 | $26,256 | $1,625 | Unfurnished |
| 1 | 1 | 1 | — | $1,543 | $1,543 | $1,800 | Unfurnished |
# of Buildings: 1
# of Units Total: 23
Separate Electric Meters: 24
Separate Gas Meters: 1
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
7.9x
List Price / Annual Gross Rent
Cap Rate
7.38%
NOI / List Price
Gross Scheduled Income: $333,600
Vacancy Allowance: $10,008
Operating Expense: $127,855
Net Operating Income: $195,736
Annual Operating Expenses
Electric: $1,360
Fuel: $7,524
Insurance: $18,908
Professional Management: $3,161
Trash: $17,994
Water / Sewer: $36,000
Interior
Laundry: None
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: No Landscaping
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5153028009
Additional Parcels: No
Tax Lot: 9
Tax Block: 1
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 280 Witmer, Los Angeles, CA 90026. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,120,000
Total Interest
$2,703,943
Total Payment
$4,823,943
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$16,310
per month
Property History for 280 Witmer
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90026.
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