Two-Story Multifamily
311 Witmer St Los Angeles, CA 90017
For Sale
$2,700,000
Pending
Built in 1923, this 20-unit complex offers a studio and one-bedroom mix, with gated entry and community laundry.
Property Size10,856 SF
Days on Market8
Property Features for 311 Witmer St
General Information
- Standard status
- Pending
- Size
- 10,856 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1923
Listing Agency:
(818) 321-4972
Listed By:
Max Berger
(818) 321-4972
Source:
Elliman
Added: Jul 16
Changed: Jul 23
Last Checked: Jul 23 at 4:56PM
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 Max Berger
Investment Insights
Based on property information with market context.
Built in 1923, this two-story, 20-unit multifamily complex totals 10,856 SF and features a unit mix of eight 1-bedroom units and twelve studio units. Amenities include community laundry and gated entry.
The property is located just south of W. 3rd St, approximately 1.4 miles south of Echo Park Lake. It is positioned near Echo Park and Silver Lake, with Koreatown and the 101 and 110 freeways also in close proximity.
The offering is presented as a value-add opportunity, with underwriting cited at an initial 7.29% CAP and 8.50 GRM, and projected stabilization at a 13.50% CAP and 5.49 GRM. The seller notes this complex can be purchased individually, and it is part of the Witmer 4 portfolio consisting of 84 units across four buildings within one block of Witmer St.
The property is located just south of W. 3rd St, approximately 1.4 miles south of Echo Park Lake. It is positioned near Echo Park and Silver Lake, with Koreatown and the 101 and 110 freeways also in close proximity.
The offering is presented as a value-add opportunity, with underwriting cited at an initial 7.29% CAP and 8.50 GRM, and projected stabilization at a 13.50% CAP and 5.49 GRM. The seller notes this complex can be purchased individually, and it is part of the Witmer 4 portfolio consisting of 84 units across four buildings within one block of Witmer St.
Key Highlights
- 20‑unit apartment complex built in 1923 with 10,856 SF across a two‑story layout
- Unit mix includes 8 one‑bedroom units and 12 studio units
- Value‑add highlights include a 7.29% CAP and 8.50 GRM with approx. 55% rental upside to a projected 13.50% CAP and 5.49 GRM
Property Analytics
Location Intelligence
Current Use by Public Records
KamilliLiquidhight
Big Box & Wholesale Store
FAQs
What type of property is this?
Apartment building - Built in 1923, this 20-unit complex offers a studio and one-bedroom mix, with gated entry and community laundry.
Where is this apartment building located?
The property is located at 311 Witmer St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 20‑unit apartment complex built in 1923 with 10,856 SF across a two‑story layout; Unit mix includes 8 one‑bedroom units and 12 studio units; Value‑add highlights include a 7.29% CAP and 8.50 GRM with approx. 55% rental upside to a projected 13.50% CAP and 5.49 GRM
