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.
Property Details
Price:
$2,700,000
MLS #:
24423967
Status:
Pending
Beds:
8
Baths:
20
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Aug 9, 2024
Finished Sq Ft:
10,856
Total Sq Ft:
10,856
Lot Size:
6,599 sqft / 0.15 acres (approx)
Year Built:
1923
See this Listing
Schools
Interior
Heating
WL
Laundry Features
CM
Exterior
Security Features
GC
Financial
Map
Community
- Address311 Witmer ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90017
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Mar 03, 2026
7,168
Single Family Listed
82
Avg DOM
506
Avg $ / SqFt
$1,494,389
Avg List Price
Property Summary
- 311 Witmer ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90017. It is listed for $2,700,000 and features 8 beds, 20 baths, and has approximately 10,856 square feet of living space, and was originally constructed in 1923. The current price per square foot is $249. The average price per square foot for Single Family listings in Los Angeles is $506. The average listing price for Single Family in Los Angeles is $1,494,389.
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Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.311 Witmer ST
Los Angeles, CA