20-Unit Apartment Complex with Gated
For Sale
$2,700,000
Pending
311 Witmer St, Los Angeles, CA 90017
MULTI_FAMILY - Los Angeles, CA
Property Size10,856 SF
Lot Size0.15 Acres
Days on Market742
Property Features for 311 Witmer St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR3
Bedrooms
8
Bathrooms
20
Full bathrooms
2
Rooms
Bathroom 8, Bathroom 15, Bedroom 5, Bathroom 17, Bathroom 18, Bathroom 13, Bathroom 4, Bedroom 6, Bathroom 20, Bedroom 8, Bedroom 3, Bathroom 5, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 11, Bathroom 2, Bathroom 6, Bathroom 7, Bedroom 7, Bathroom 12, Bathroom 9, Bathroom 19, Bedroom 2, Bathroom 10, Bathroom 14, Bathroom 16, Bathroom 1
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
5153-026-007
Size
10,856 SF
Lot size
0.15 Acres
Amenities
community laundry
gated entry
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: Aug 2
Last Checked: Aug 16 at 4:06PM
MLS# 24-423967
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.
311 Witmer is a 20-unit, two-story apartment complex built in 1923 on a 0.1515-acre lot. The 10,856 SF property includes (8) 1-bedroom units and (12) studio units. Community amenities feature community laundry and a gated entry.
The complex is located at 311 Witmer St, just south of W. 3rd St, about 1.4 miles south of Echo Park Lake. It is described as being in close proximity to Echo Park, Silver Lake, Koreatown, and the 101 and 110 freeways. Zoning is LAR3.
The remarks describe a value-add profile, citing an initial 7.29% cap rate and 8.50 GRM, with projected stabilization at a 13.50% cap rate and 5.49 GRM.
The complex is located at 311 Witmer St, just south of W. 3rd St, about 1.4 miles south of Echo Park Lake. It is described as being in close proximity to Echo Park, Silver Lake, Koreatown, and the 101 and 110 freeways. Zoning is LAR3.
The remarks describe a value-add profile, citing an initial 7.29% cap rate and 8.50 GRM, with projected stabilization at a 13.50% cap rate and 5.49 GRM.
Key Highlights
- 10,856 SF, two‑story 20‑unit apartment complex built in 1923
- Unit mix: (8) 1‑bedroom units and (12) studio units
- 0.1515‑acre lot with community laundry and gated entry
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Yes
Highway access
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 - Built in 1923; 20-unit two-story complex with community laundry and gated entry, zoned LAR3.
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: 10,856 SF, two‑story 20‑unit apartment complex built in 1923; Unit mix: (8) 1‑bedroom units and (12) studio units; 0.1515‑acre lot with community laundry and gated entry
