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325 Witmer St, Los Angeles, CA 90017
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325 Witmer St Los Angeles, CA 90017

$2,250,000 Sold Price as of 07/13/2022
  • 2 Beds
  • 19 Baths
  • 9,180 Sq.Ft.
Sold
$2,250,000 Sold Price as of 07/13/2022 Refinance Your Mortgage
Map preview of 325 Witmer St, Los Angeles, CA 90017

Property Overview: 325 Witmer St Los Angeles, CA has 2 bedrooms, 19 bathrooms, 9,180 living square feet and 5,992 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: $355,000 Price Reduction! 325 Witmer Street is a 19-unit apartment building situated on 5,992 square feet of land located in the beautiful Westlake submarket of Los Angeles, CA. Built-in 1922, it is comprised of seventeen (17) studio units and two (2) one-bedroom one-bathroom units. The property offers a gated entrance and street parking for all tenants.

Listed by John Wright | BRE #01985584 | Matthews Real Estate Investment Services
Co-listed by Taylor Avakian | BRE #02060040 | TAYVAY Corporation
Last checked: 15 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 80

Home details

Lot Sq. Ft
5,992
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22126753
City
Los Angeles
County
Los Angeles
Time on Site
830 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 19
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 17
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $828
  • Total Rent: $14,080
  • Pro Forma/Market Rent: $22,950
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,149
  • Total Rent: $2,298
  • Pro Forma/Market Rent: $3,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.19
  • Gross Scheduled Income: --
  • Net Operating Income: $83,252
  • Gross Operating Income: $190,640
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 325 Witmer St

Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • No View
  • View: None
  • Total # of Units: 19
  • Parcel Number: 5153026011
Location / Neighborhood
Location Information
  • Directions: NE of Witmer Street and 5th Street
View more facts & features

Local Los Angeles Agent

Sale History for 325 Witmer St

Last sold for $2,250,000 on July 13th, 2022

  • July, 2022

  • Jul 13, 2022

    Date

    Sold

    CRMLS: 22126753

    $2,250,000

    Price

  • Feb 10, 2022

    Date

    Active

    CRMLS: 22126753

    $2,750,000

    Price

  • February, 2021

  • Feb 19, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,300,000

    Price

  • January, 2020

  • Jan 14, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 325 Witmer St

Assessed Value (2020): $305,933
Year Land Value Improved Value Assessed Value
2020 $49,404 $256,529 $305,933

Home Value Compared to the Market

This property vs the competition

325 Witmer St sold on July 13, 2022 for 101.26% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $260.89 per/sqft which puts the price per square foot 65.44% lower than the current median sale per square foot for the city of Los Angeles.

About 325 Witmer St

Detailed summary of property

325 Witmer St is a multi family that recently sold in Los Angeles, CA 90017. This multi family property offered 2 bedrooms, 19 bathrooms, roughly 9,180 living square feet, and sits on an approximately 5,992 square foot lot. 325 Witmer St was first listed on ArdentRealEstateGroup.com on February 11, 2022. The homeowner sold the property for $2,250,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 101.26% higher than the current median priced home. Local homes that are currently for sale include 907 Glendale Blvd, 1037 S Bonnie Brae St and 1820 W 11th St. While the average home in Los Angeles, CA is selling in 93 days, 325 Witmer St has a days on market of 80 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 325 Witmer St Los Angeles, CA 90017 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 325 Witmer St

Public county record property details
Beds
2
Baths
19
Year built
1922
Sq. Ft.
9,180
Lot Size
5,992
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5153-026-011

The source for these homes facts are from public records.

90017 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$639,999
Median List Price/Sq.Ft.
$722
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$478
Total Inventory
96
Median Sale to List Price %
98.54%
Avg Days on Market
55
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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-- Sq.Ft.
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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