428 Witmer St Los Angeles, CA 90017

$1,250,000 Sold Price as of 12/12/2018

8 Beds
8 Baths
4,928 Sq.Ft.

Off Market

$1,250,000 Sold Price as of 12/12/2018 Refinance Your Mortgage

Map preview of 428 Witmer St, Los Angeles, CA 90017

Property Overview: 428 Witmer St Los Angeles, CA has 8 bedrooms, 8 bathrooms, 4,928 living square feet and 6,549 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

428 Witmer St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 428 Witmer St

Last sold for $1,250,000 on December 12th, 2018

January, 2024
Jan 1, 2024

Date

Expired

CRMLS: 23277603

$1,800,000

Price
Jul 13, 2023

Date

Active

CRMLS: 23277603

$1,800,000

Price
Listing provided courtesy of CRMLS

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.

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January, 2019
Jan 1, 2019

Date

Expired

CRMLS: 18376006

$1,295,000

Price
Dec 19, 2018

Date

Withdrawn

CRMLS: 18376006

$1,295,000

Price
Nov 26, 2018

Date

Active

CRMLS: 18376006

$1,295,000

Price
Nov 23, 2018

Date

Expired

CRMLS: 18376006

$1,295,000

Price
Oct 19, 2018

Date

Withdrawn

CRMLS: 18376006

$1,295,000

Price
Oct 8, 2018

Date

Price Change

CRMLS: 18376006

$1,295,000

Price
Aug 15, 2018

Date

Active

CRMLS: 18376006

$1,350,000

Price
Listing provided courtesy of CRMLS

The Subject Property is located in the heart of Los Angeles in an excellent location just minutes away from burgeoning Downtown Los Angeles and adjacent to one of the most sought after neighborhoods, Echo Park. It is deemed "very walkable" as it earned a walk-score of 85, along with a transit score of 88. It is a 17 minute walk to the Metro Purple Line (805) and the Metro Red Line (802) at the Westlake / MacArthur Park Station stop. This location is in the Westlake neighborhood in Los Angeles. Nearby parks include Echo Park, Vista Hermosa Park, Vista Hermosa Parkand MacArthur Park.Located in the center of the new Downtown LA, the area boasts a number of entertainment, museums and dining hot spots in all of Los Angeles. These include L. A. Live, Nokia Theater, Staples Center, Dodger Stadium, Regal Cinemas, the Grammy Museum, the Broad, and MOMA.

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December, 2018
Dec 12, 2018

Date

Sold (Public Records)

Public Records

$1,250,000

Price
August, 2016
Aug 19, 2016

Date

Sold (Public Records)

Public Records

$1,151,000

Price

Tax History for 428 Witmer St

Assessed Value (2020): $1,276,920

Year	Land Value	Improved Value	Assessed Value
2020	$918,000	$358,920	$1,276,920

About 428 Witmer St

Detailed summary of property

428 Witmer St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90017 and last sold on December 12, 2018 for $1,250,000. This property has 8 bedrooms, 8 bathrooms, roughly 4,928 living square feet, and sits on an approximately 6,549 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 11.61% higher than the current median priced home. 428 Witmer St was last sold on December 12, 2018 for $1,250,000. Local nearby listings include 1100 Wilshire Blvd #2608, 1100 Wilshire Blvd #2610 and 1100 Wilshire Blvd #2401. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 428 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 428 Witmer St

Public county record property details

Beds: 8
Baths: 8
Year built: 1949
Sq. Ft.: 4,928
Lot Size: 6,549
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7,14
APN: 5153-024-010

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

$600,000

Median List Price/Sq.Ft.

$747

Median Sold Price

$675,000

Median Sold Price/Sq.Ft.

$538

Total Inventory

Median Sale to List Price %

96.43%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (20%), Other (0%)

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