311 Witmer Street, Los Angeles, CA 90017

Local realty services provided by:Better Homes and Gardens Real Estate Champions
311 Witmer Street,Los Angeles, CA 90017
$2,700,000
  • 8 Beds
  • 20 Baths
  • 10,856 sq. ft.
  • Multi-family
  • Pending
Listed by:max berger
Office:compass
MLS#:24423967
Source:CRMLS

Price summary

  • Price:$2,700,000
  • Price per sq. ft.:$248.71

About this home

311 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 7.29% CAP, 8.50 GRM, $135,000 per unit, and $249 per foot. 311 Witmer presents a significant value-add opportunity with approx. 55% rental upside. At projected market rents, the property will stabilize at a 13.50% CAP and 5.49 GRM. Built in 1923, the 10,856 SF two-story complex consists of (8) 1-bdrm. units and (12) studio units. Property amenities include community laundry and gated entry. 311 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.

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Home facts

  • Year built:1923
  • Listing ID #:24423967
  • Added:416 day(s) ago
  • Updated:September 26, 2025 at 07:31 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:20
  • Living area:10,856 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1923
  • Building area:10,856 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$2,700,000
  • Price per sq. ft.:$248.71
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