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.
Pending
$2,700,000
311 Witmer St, Los Angeles, CA 90017
8beds
20baths
10,856sqft
:
Get pre-qualified$18,000/mo
Multi Family
Built in 1923
-- sqft lot
$-- Zestimate®
$249/sqft
$-- HOA
What's special
Community laundryGated entry
- 717 days |
- 11 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Max Berger DRE # 02054048 818-321-4972,
Compass 310-230-5478
Source: CLAW,MLS#: 24-423967
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 20
Heating
- Wall
Cooling
- Other
Appliances
- Laundry: Common Area
Interior area
- Total structure area: 10,856
- Total interior livable area: 10,856 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: None
Lot
- Size: 6,599 Square Feet
Details
- Additional structures: None
- Parcel number: 5153026007
- Zoning: LAR3
- Special conditions: Standard
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1923
Community & HOA
Community
- Security: Gated
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $249/sqft
- Date on market: 8/5/2024
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/7/2026 | Listed for rent | $1,650 |
Source: Zillow Rentals Report a problem | ||
| 11/3/2025 | Listing removed | $1,650 |
Source: Zillow Rentals Report a problem | ||
| 7/17/2025 | Listed for rent | $1,650-25.5% |
Source: Zillow Rentals Report a problem | ||
| 8/9/2024 | Pending sale | $2,700,000$249/sqft |
Source:  CLAW #24-423967 Report a problem | ||
| 8/5/2024 | Listed for sale | $2,700,000+16.1%$249/sqft |
Source: CLAW #24-423967 Report a problem | ||
| 6/11/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/17/2024 | Listed for rent | $2,214+38.5% |
Source: Zillow Rentals Report a problem | ||
| 6/18/2021 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 5/4/2021 | Price change | $1,599-3.1% |
Source: Zillow Rental Network_1 Report a problem | ||
| 3/23/2021 | Listed for rent | $1,650 |
Source: Zillow Rental Network_1 Report a problem | ||
| 5/1/2018 | Sold | $2,325,000+3.3%$214/sqft |
Source:  CLAW #17293356 Report a problem | ||
| 12/11/2017 | Pending sale | $2,250,000$207/sqft |
Source: Studio City #17293356 Report a problem | ||
| 12/1/2017 | Listed for sale | $2,250,000$207/sqft |
Source: Keller Williams Studio City #17293356 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Westlake
Nearby schools
GreatSchools rating
- 4/10Gratts Learning Academy For Young Scholars (GLAYS)Grades: K-5Distance: 0.1 mi
- 2/10John H. Liechty Middle SchoolGrades: 6-8Distance: 0.4 mi
- 5/10Miguel Contreras Learning Complex SchoolGrades: 9-12Distance: 0.2 mi
- $1,051,8001 bd1 ba-- sqft311 Witmer St APT 200, Los Angeles, CA 90017Off Market
- $1,051,8001 bd1 ba-- sqft311 Witmer St APT 202, Los Angeles, CA 90017Off Market
- $1,051,8001 bd1 ba-- sqft311 Witmer St APT 201, Los Angeles, CA 90017Off Market
- $1,051,8001 bd1 ba-- sqft311 Witmer St APT 102, Los Angeles, CA 90017Off Market
- $1,051,8001 bd1 ba-- sqft311 Witmer St APT 108, Los Angeles, CA 90017Off Market
- $657,5001 bd1 ba-- sqft319 Witmer St, Los Angeles, CA 90017Off Market
- $--1 bd1 ba-- sqft319 Witmer St #103, Los Angeles, CA 90017Off Market
- $---- bd1 ba450 sqft307 Witmer St APT 108, Los Angeles, CA 90017Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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