311 Witmer Street
Los Angeles, CA, 90017
$2,700,000
Beds
0 Baths
SqFt
0.15 Acres
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MLS #24423967 image #0MLS #24423967 image #1MLS #24423967 image #2MLS #24423967 image #3MLS #24423967 image #4
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
Baths:
0
Type:
Residential Income
Neighborhood:
c42downtownla
Listed Date:
Aug 5, 2024
Lot Size:
6,599 sqft / 0.15 acres (approx)
Year Built:
1923
C42downtownla

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Schools

Interior

Heating
Wall Furnace
Laundry Features
Community

Exterior

Parking Features
None
Parking Spots
0.00
Security Features
Gated Community

Financial

Map

Community

Market Summary

Current real estate data for Residential Income in Los Angeles as of Oct 23, 2025
1,650
Residential Income Listed
212
Avg DOM
$1,943,637
Avg List Price

Property Summary

    311 Witmer Street Los Angeles CA is a Residential Income for sale in Los Angeles, CA, 90017. It is listed for $2,700,000

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311 Witmer Street
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