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4/25/25
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CPP (Community Preservation Partners) recently acquired Witmer Manor, a 238-unit affordable housing complex in Los Angeles, with plans to renovate the property. This comes on the heels of CPP’s recent acquisition of Ramona Park in Baldwin Park and marks CPP’s 19th investment in Los Angeles County.
Witmer Manor is located at 1501 Miramar St in Westlake, one of the most densely populated neighborhoods of Los Angeles. Designed to serve the community’s workforce, the property is comprised of eight, three- to four-story, elevator-served buildings containing 142 studio and 96 one-bedroom units.
Common area amenities include a laundry room and an on-site property management office. Originally built in 1930, the property was most recently renovated in 2005. CPP’s total development investment is approximately $64 mil, which includes the purchase price of $48.4 mil and estimated renovation costs of approximately $65k per unit.
Witmer Manor is set to receive a series of renovations designed to enhance both its aesthetic appeal and modern functionality. Extensive ADA upgrades will be completed ensuring accessibility and safety for all residents. Exterior upgrades will include a refreshed façade with new roofing, energy-efficient windows, upgraded heat pumps and LED lighting to improve sustainability and curb appeal. Inside, each unit will undergo a refresh, featuring stylish kitchen updates, new vanities, new flooring, LED interior lighting, fresh paint and essential drywall repairs. Bathrooms will be upgraded with modern fixtures and replacements, while energy-efficient appliances and new blinds will further elevate comfort and efficiency.
CPP is partnering with LifeSTEPS to provide on-site adult education, health and wellness and skill-building classes and services to residents.
"At CPP, our mission is to preserve and enhance affordable housing communities that serve individuals and families who need it most," said Belinda Lee, Vice President of Development at CPP. "With the planned renovations at Witmer Manor, we are ensuring that residents not only have access to safe and stable housing, but also modern, energy-efficient homes that enhance their quality of life."
Renovations are expected to be completed in early 2026. Dedicated to serving residents through the Section 8 program, all units will be income restricted to family households earning between 30% and 60% of the Area Median Income (AMI).
Additional partners on the project include the California Tax Credit Allocation Committee (CTCAC), who issued and allocated 4% LIHTC. WNC & Associates serves as the equity partner. JP Morgan Chase is providing construction financing and serves as the permanent lender, using a Fannie Mae product.
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