20-Unit Apartment
For Sale
$2,100,000
Pending
324 Witmer St, Los Angeles, CA 90017
Residential Income, Los Angeles, CA
Property Size11,088 SF
Lot Size0.17 Acres
Days on Market771
Property Features for 324 Witmer St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LACW
Bedrooms
4
Bathrooms
20
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 16, Bathroom 2, Bathroom 10, Bathroom 18, Bedroom 4, Bathroom 7, Bathroom 4, Bathroom 5, Bathroom 17, Bathroom 8, Bathroom 6, Bathroom 11, Bathroom 13, Bathroom 15, Bathroom 19, Bathroom 3, Bathroom 14, Bathroom 9, Bathroom 1, Bedroom 2, Bathroom 20, Bathroom 12, Bedroom 3
Directions
311 Witmer is 1.5 miles from Echo Park Lake and the heart of Downtown LA. Located just south of West 3rd St, the property is in close proximity to Echo Park, Silver Lake, Koreatown, the 101 Fwy, and the 110 Fwy.
Subdivision
Downtown L.A.
Standard status
Pending
APN
5153-025-009
Size
11,088 SF
Lot size
0.17 Acres
Amenities
community laundry
Building Details
Year built
1923
Floors in Building
2
Number of units
20
Listing Agency:
Compass
(310) 230-5478
Listed By:
Max Berger · License #02054048
(818) 321-4972
Added: Aug 5, 2024
Changed: Sep 14
Last Checked: Sep 14 at 11:06AM
MLS# 24-424005
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Constructed in 1923, this two-story apartment property contains 20 units within 11,088 square feet. The unit mix includes 16 studios and four one-bedroom apartments. Residents pay their own electric service, while gas is master metered for the building. Community laundry is provided on site, and the property is zoned LACW.
The property sits at 324 Witmer St in Los Angeles, approximately 1.4 miles south of Echo Park Lake and Downtown Los Angeles. Echo Park, Silver Lake, Koreatown, the 101 Freeway, and the 110 Freeway are nearby. Current operations reflect a 6.66% cap rate and 8.50 GRM, while projected market rents indicate a 15.81% cap rate and 4.70 GRM.
The property sits at 324 Witmer St in Los Angeles, approximately 1.4 miles south of Echo Park Lake and Downtown Los Angeles. Echo Park, Silver Lake, Koreatown, the 101 Freeway, and the 110 Freeway are nearby. Current operations reflect a 6.66% cap rate and 8.50 GRM, while projected market rents indicate a 15.81% cap rate and 4.70 GRM.
Key Highlights
- 20‑unit apartment property built in 1923
- 11,088 SF two‑story building on 0.1743 acres
- Unit mix includes 16 studios and 4 one‑bedroom units
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
20
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
9,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 90017, CA
27,295
Population
15,953
Households
1.7
Avg Household Size
33
Median Age
36%
College-Educated
72%
High-School Grad
0.7 sq mi
ZIP Area
38,993
Density / Sq Mi
$51,317
Median Household Income
$35,076
Median Earnings
$1,669
Median Rent
$675,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily property with studios, one-bedroom units, and community laundry.
Where is this apartment building located?
The property is located at 324 Witmer St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 20‑unit apartment property built in 1923; 11,088 SF two‑story building on 0.1743 acres; Unit mix includes 16 studios and 4 one‑bedroom units
