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400 Witmer is a 24 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 6.98% CAP and 8.41 GRM on current rents, $139,583 per unit, and $342 per foot. This significant value-add opportunity presents approx. 42% rental upside with a VACANT studio unit. At projected market rents, the property will stabilize at a 11.58% CAP and 5.99 GRM. Built in 1924, the 9,800 SF two-story complex consists of (9) 1-bdrm. units and (15) studio units. Tenants pay their own electrical utilities and the building is master metered for gas. 400 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.

9 Beds ⋅ 24 Baths ⋅ 24424029 MLS

400 Witmer is a 24 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 6.98% CAP and 8.41 GRM on current rents, $139,583 per unit, and $342 per foot. This significant value-add opportunity presents approx. 42% rental upside with a VACANT studio unit. At projected market rents, the property will stabilize at a 11.58% CAP and 5.99 GRM. Built in 1924, the 9,800 SF two-story complex consists of (9) 1-bdrm. units and (15) studio units. Tenants pay their own electrical utilities and the building is master metered for gas. 400 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.

400 Witmer Street, Los Angeles

Listing courtesy of Listing Agent: Max Berger (max@kennystevensteam.com) from Listing Office: Compass.

$3,300,000

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.

6 Beds ⋅ 20 Baths ⋅ 24424053 MLS

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.

401 Witmer Street, Los Angeles

Listing courtesy of Listing Agent: Max Berger (max@kennystevensteam.com) from Listing Office: Compass.

$3,295,000

Built in 1937, 811 Thayer Avenue sits on one of Little Holmby's most special streets, part of the original enclave designed and developed in this early era of the neighborhood. This heritage home keeps the character and pedigree of that period fully intact. From the street, the home greets you with board-and-batten siding, dentil-trimmed eaves, navy shutters, a direct-access two-car garage, and a mature tree canopy, the kind of craftsmanship rarely done today, as the artistry and labor have become cost prohibitive. Inside, high ceilings run throughout. The formal living room is the showpiece: a detailed, hand-carved mantel frames the fireplace, crown moulding traces the ceiling line, and a bay window with a cozy bench fills the room with natural light. The connected family room, wrapped in rich wood paneling, brings warmth and depth throughout, a beautiful counterpoint to the more formal spaces, and a wonderful setting for an office, den, or library. A large kitchen with stainless steel countertops and a charming bay window is joined by an exceptionally large laundry room, which could be partially repurposed. The butler's kitchen and breakfast room add beautiful detail, with warm wood countertops and cabinets framed by architectural arches, leading into the adjoining dining room, which continues the classic story with plantation shutters, a statement chandelier, and warm flooring underfoot. A bedroom and bathroom downstairs offers flexibility for an office, guests or multigenerational living. Upstairs, two bedrooms and two bathrooms are joined by an office, likely a former sleeping porch, a charming, light-filled bonus room with great city views and a spacious closet, potentially reimagined as a fourth bedroom. The home has been lovingly maintained over the years and is now ready for its next chapter, while preserving the master craftsmanship and character that define it. Outside, a private brick patio wrapped in mature greenery adds a wonderful indoor-outdoor feel, complete with a hot tub and seating. The charming side yards offer sitting areas and room for a workshop, art area, or garden boxes to grow your own vegetables. This is a floor plan with great bones, distinct, purposeful rooms, on one of Little Holmby's most coveted streets, offering a rare opportunity to restore a heritage classic to its full glory. Moments from UCLA, the Los Angeles Country Club, and Warner Elementary just a few blocks away. 811 Thayer Avenue: 1937 Little Holmby character, ready for its next chapter. Third bedroom upstairs may not be permitted as it may be a conversion form a former porch; Buyer to verify.

4 Beds ⋅ 3 Baths ⋅ 26871761 MLS

Built in 1937, 811 Thayer Avenue sits on one of Little Holmby's most special streets, part of the original enclave designed and developed in this early era of the neighborhood. This heritage home keeps the character and pedigree of that period fully intact. From the street, the home greets you with board-and-batten siding, dentil-trimmed eaves, navy shutters, a direct-access two-car garage, and a mature tree canopy, the kind of craftsmanship rarely done today, as the artistry and labor have become cost prohibitive. Inside, high ceilings run throughout. The formal living room is the showpiece: a detailed, hand-carved mantel frames the fireplace, crown moulding traces the ceiling line, and a bay window with a cozy bench fills the room with natural light. The connected family room, wrapped in rich wood paneling, brings warmth and depth throughout, a beautiful counterpoint to the more formal spaces, and a wonderful setting for an office, den, or library. A large kitchen with stainless steel countertops and a charming bay window is joined by an exceptionally large laundry room, which could be partially repurposed. The butler's kitchen and breakfast room add beautiful detail, with warm wood countertops and cabinets framed by architectural arches, leading into the adjoining dining room, which continues the classic story with plantation shutters, a statement chandelier, and warm flooring underfoot. A bedroom and bathroom downstairs offers flexibility for an office, guests or multigenerational living. Upstairs, two bedrooms and two bathrooms are joined by an office, likely a former sleeping porch, a charming, light-filled bonus room with great city views and a spacious closet, potentially reimagined as a fourth bedroom. The home has been lovingly maintained over the years and is now ready for its next chapter, while preserving the master craftsmanship and character that define it. Outside, a private brick patio wrapped in mature greenery adds a wonderful indoor-outdoor feel, complete with a hot tub and seating. The charming side yards offer sitting areas and room for a workshop, art area, or garden boxes to grow your own vegetables. This is a floor plan with great bones, distinct, purposeful rooms, on one of Little Holmby's most coveted streets, offering a rare opportunity to restore a heritage classic to its full glory. Moments from UCLA, the Los Angeles Country Club, and Warner Elementary just a few blocks away. 811 Thayer Avenue: 1937 Little Holmby character, ready for its next chapter. Third bedroom upstairs may not be permitted as it may be a conversion form a former porch; Buyer to verify.

811 Thayer Avenue, Los Angeles

Listing courtesy of Listing Agent: Yvette Busot (YvetteBusotRealEstate@gmail.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.