20-Unit Apartment Building with Gated
New
For Sale
$2,700,000
Pending
311 Witmer Street, Los Angeles, CA 90017
Two-story residential complex with studio and one-bedroom apartments, shared laundry, and controlled entry.
Property Size10,856 SF
Days on Market2
Property Features for 311 Witmer Street
General Information
Standard status
Pending
Size
10,856 SF
Property subtype
ResidentialIncome
Zoning
LAR3
Financials
Cap Rate
7.29%
Gross Rent Multiplier
8.5
Site & Location
Neighborhood
Westlake
Highway Access
Yes
Units
Unit Mix
8 x 1BR, 12 x studio
Multifamily Units
20
Amenities
community laundry
gated entry
true
20
2
8
CommonArea
6599
0.1515
10856
1
Building Details
Building Size
10,856 SF
Year Built
1923
Stories
2
Listing Agency:
Compass
(818) 321-4972
Listed By:
Max Berger · License #02054048
(310) 953-4562
Source:
Lmbenterprises
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 29 at 5:15PM
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
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Investment Insights
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Built in 1923, this two-story apartment property contains 20 units across 10,856 square feet. The unit mix includes 12 studios and 8 one-bedroom apartments, with shared laundry facilities and a gated entrance. The property is zoned LAR3.
The building is on Witmer Street in Los Angeles, 1.4 miles south of Echo Park Lake and Downtown LA. It is also near Echo Park, Silver Lake, Koreatown, the 101 Freeway, and the 110 Freeway.
The building is one of four Witmer Street properties comprising 84 units across four buildings within one block. It may also be acquired separately; the four-property portfolio is being offered in conjunction with a 24-unit property on N. Serrano.
The building is on Witmer Street in Los Angeles, 1.4 miles south of Echo Park Lake and Downtown LA. It is also near Echo Park, Silver Lake, Koreatown, the 101 Freeway, and the 110 Freeway.
The building is one of four Witmer Street properties comprising 84 units across four buildings within one block. It may also be acquired separately; the four-property portfolio is being offered in conjunction with a 24-unit property on N. Serrano.
Key Highlights
- 20 units in a two‑story, 10,856‑square‑foot complex built in 1923
- Unit mix: 12 studios and 8 one‑bedroom apartments
- Shared laundry area and gated entrance
Property Analytics
Who owns this building?
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Lease Details
20
Residential units
Yes
Highway access
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story residential complex with studio and one-bedroom apartments, shared laundry, and controlled entry.
Where is this apartment building located?
The property is located at 311 Witmer Street 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 units in a two‑story, 10,856‑square‑foot complex built in 1923; Unit mix: 12 studios and 8 one‑bedroom apartments; Shared laundry area and gated entrance
