Listing provided courtesy of William James of Lyon Stahl Investment Real Estate, Inc.. Last updated 2023-12-01 09:11:25.000000. Listing information © 2023 CRMLS.
Asking Price: $1,800,000
428 Witmer, Los Angeles CA 90017
Community: C42 - Downtown L.A.
Status: Active
This property was built in 1949 and is priced at $1,800,000. Please see the additional details below.
We are pleased to present this 8 unit offering located at428-432 Witmer, Los Angeles, CA 90017 in the MacArthur Park submarket of Los Angeles. The building has an excellent unit mix consisting of (8) 1 Bed / 1 Bath units with a gross leasable area of 4,928 square feet and is situated on a 6,550 square foot lot that is zoned LACW. The subject property was built in 1949 and offers investors significant upside potential with rents well below market. With great in place cash flow, investors will be able to achieve a 5.30%cap rate day one and be able to capture rental upside throughout the investment period.
