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324 Witmer Street, Los Angeles, CA 90017

Los Angeles
Local realty services provided by:CENTURY 21 Valley Properties
324 Witmer Street,Los Angeles, CA 90017
$2,100,000
  • 4 Beds
  • 20 Baths
  • 11,088 sq. ft.
  • Multi-family
  • Pending
Listed by: max berger
Office: compass
MLS#:24424005
Source:CRMLS

Price summary

  • Price:$2,100,000
  • Price per sq. ft.:$189.39

About this home

324 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 6.66% CAP and 8.50 GRM on current rents, $105,000 per unit, and $189 per foot. 324 Witmer is a significant value-add opportunity with approx. 81% rental upside. At projected market rents, the property will stabilize at a 15.81% CAP and 4.70 GRM. Built in 1923, the 11,088 SF two-story complex consists of (4) 1-bdrm. units and (16) studio units. Tenants pay their own electrical utilities and the building is master metered for gas. Property amenities include community laundry. 324 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 sold in conjunction with 1000 N. Serrano, a 24-unit complex in East Hollywood offered at...

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Home facts

  • Year built:1923
  • Listing ID #:24424005
  • Added:587 day(s) ago
  • Updated:March 07, 2026 at 08:35 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:20
  • Living area:11,088 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1923
  • Building area:11,088 sq. ft.
  • Lot area:0.17 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$189.39
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 Valley Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Valley 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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