Two-Story 20-Unit Apartment
For Sale
$2,100,000
Pending
324 Witmer St, Los Angeles, CA 90017
Unit mix includes studios and one-bedroom apartments, with community laundry and tenant-paid electrical utilities.
Property Size11,088 SF
Days on Market738
Property Features for 324 Witmer St
General Information
Standard status
Pending
Size
11,088 SF
Property subtype
Residential Income
Financials
Cap Rate
6.66%
Gross Rent Multiplier
8.5
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 1BR, 16 x studio
Multifamily Units
20
Amenities
community laundry
Building Details
Year Built
1923
Stories
2
Listing Agency:
Compass
(818) 321-4972
Listed By:
Max Berger · License #02054048
(818) 321-4972
Source:
Exprealty
Added: Aug 6, 2024
Changed: Aug 11
Last Checked: Aug 12 at 11:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
Located at 324 Witmer St, this 20-unit apartment property was built in 1923 and contains 11,088 square feet across two stories. The configuration includes 16 studio apartments and four one-bedroom units. Residents pay their own electrical utilities, while gas service is master metered. Community laundry is included as an on-site amenity.
The property is 1.4 miles south of Echo Park Lake and near Echo Park, Silver Lake, Koreatown, W. 3rd St, the 101 Freeway, and the 110 Freeway. The building may be purchased individually and is identified as one of four Witmer properties comprising 84 units across four buildings within one block of Witmer St.
The property is 1.4 miles south of Echo Park Lake and near Echo Park, Silver Lake, Koreatown, W. 3rd St, the 101 Freeway, and the 110 Freeway. The building may be purchased individually and is identified as one of four Witmer properties comprising 84 units across four buildings within one block of Witmer St.
Key Highlights
- 20‑unit apartment property built in 1923
- 11,088 SF two‑story building
- Unit mix includes 16 studios and 4 one‑bedroom apartments
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11,002
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix includes studios and one-bedroom apartments, with community laundry and tenant-paid electrical utilities.
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; Unit mix includes 16 studios and 4 one‑bedroom apartments
