735 Witmer Street

Los Angeles, CA 90017

$1,249,000
Price
5
Beds
8
Baths
4,435 Sq. Ft.
$282 / Sq. Ft.
4,435
Sq. Ft.
$282
per Sq. Ft.

Description

We are pleased to offer this eight unit investment opportunity, located in the City of Los Angeles. The unit mix consists of three 0+1 and five 1+1 units. The investment consists of approximately 4,435 of rentable square feet and is situated on an approximately 6,616 square foot parcel. Recent property upgrades include new exterior paint, new exterior lighting, new exterior building numbers, and five of the units have recently been renovated. The building amenities include a large parking area with...We are pleased to offer this eight unit investment opportunity, located in the City of Los Angeles. The unit mix consists of three 0+1 and five 1+1 units. The investment consists of approximately 4,435 of rentable square feet and is situated on an approximately 6,616 square foot parcel. Recent property upgrades include new exterior paint, new exterior lighting, new exterior building numbers, and five of the units have recently been renovated. The building amenities include a large parking area with eight total spaces, and the property is master metered for both gas & electricity.
  1. Listed by Griffin White • DRE #02031785 • Brokerage DRE #01765179 • BRC Advisors- BH

Property Details for 735 Witmer Street

Zoning
LAR3
Parcel Number
5143012018
Total Units
8.0
Living Area
4435
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
2%
Lot Size Area
6616
LISTING UPDATED: 03/03/2025 09:47 AM

Property Details for 735 Witmer Street

StatusActive
MLS #25491075
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1904
Lot Size0.15 AC / 6,616 SF
CountyLos Angeles County

Building Information for 735 Witmer Street

Stories2Residences-Year Built1904Building Size-Lot Size0.15 AC / 6,616 SF

Property Information for 735 Witmer Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Income
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $141,817
  • Net Operating Income: $83,328.00
  • Gross Income: $144,711
  • Cap Rate: 6.67%
  • Gross Rent Multiplier: $8.63
  • Total Annual Expense: 58489
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 6616
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 8
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Ceiling Fan
  • Heating Type: Wall Gas
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-30-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $873.60
  • Unit Actual Rent: $873.60
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,656.00
  • Unit Actual Rent: $1,656.00
  • Unit Projected Rent: $2,132.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,093.40
  • Unit Actual Rent: $1,093.40
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,037.10
  • Unit Actual Rent: $1,037.10
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,655.00
  • Unit Actual Rent: $1,655.00
  • Unit Projected Rent: $2,132.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,840.00
  • Unit Actual Rent: $1,840.00
  • Unit Projected Rent: $2,132.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,920.00
  • Unit Actual Rent: $1,920.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,984.00
  • Unit Actual Rent: $1,984.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113

Property History for 735 Witmer Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 735 Witmer Street

Taxable ValueLand$624,240Additions$586,624Total$1,210,864
Tax Record2024$15,516 ($1,293 / month)
Home Facts
Total Finished SqFt4,435 SqFtAbove Grade Finished SqFt4,435 SqFtLot Size6,616 SqFtStyleMulti-Family Res (5+ Units)Year Built1904ZoningLAR3CountyLOS ANGELESAPN5143-012-018

Schools near 735 Witmer Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Esperanza Elementary School
PublicK to 5

John H. Liechty Middle School
Public6 to 8

Edward R. Roybal Learning Center
Public9 to 12

Belmont Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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735 Witmer Street is a multi-family home for sale in Los Angeles, CA 90017. This property was listed for sale on January 30, 2025 by BRC Advisors- BH, it's currently listed at $1,249,000. It has been on the market for a total of 40 days and was last sold on December 26, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Esperanza Elementary School, John H. Liechty Middle School and Edward R. Roybal Learning Center. 735 Witmer Street is a 5-bed, 8-bath, 4,435 sqft multi-family home built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BRC Advisors- BH, Griffin White, DRE #02031785

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.