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311 Witmer Street, Los Angeles, CA 90017

Los Angeles
Local realty services provided by:CENTURY 21 Coastal Properties
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: compass310-230-5478
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:635 day(s) ago
  • Updated:May 03, 2026 at 07:40 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
  • Levels:2 Story

Finances and disclosures

  • Price:$2,700,000
  • Price per sq. ft.:$248.71
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Coastal Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Coastal Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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