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  • 311 Witmer Street

311 Witmer Street, Los Angeles, CA 90017

$2,700,000 Approx. USD 8 beds, 20 baths
10,856 sqft
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St. James + Canter

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Cristie St. James REALTOR® - Broker Associate 310-291-1029 m
310-777-2888 o
Lic#: 00949711
NRDS ID: 175502141
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Lic#: 00949711
NRDS ID: 175502141
cristie@stjamescanter.com Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
Phone: 310-777-7800
Fax: 310-858-1295
 Beverly Hills 131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
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Max Berger | max@kennystevensteam.com
Lic#: 02054048
Broker: Courtesy of Compass
Phone: 818-321-4972

Agent Remarks

311 Witmer is a 20 unit value-add complex located 1.4 miles south of Echo Park Lake and the heart of Downtown LA. Located just south of W. 3rd St, the property is in close proximity to Echo Park, Silver Lake, Koreatown, the 101 Fwy, and the 110 Fwy. The property is offered at 7.29% CAP, 8.50 GRM, $135,000 per unit, and $249 per foot. 311 Witmer presents a significant value-add opportunity with approx. 55% rental upside. At projected market rents, the property will stabilize at a 13.50% CAP and 5.49 GRM. Built in 1923, the 10,856 SF two-story complex consists of (8) 1-bdrm. units and (12) studio units. Property amenities include community laundry and gated entry. 311 Witmer, which can be purchased individually, is part of the Witmer 4 - 84 units across 4 buildings within 1 block of Witmer St. The Witmer 4 is being in sold in conjunction with 1000 N. Serrano, a 24-unit complex in East Hollywood offered at a 6.75% CAP on real expenses.Please contact LA 1 for more information.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 24423967
Price: $2,700,000
Beds: 8
Baths: 20
Built in 1923
10,856 sqft
2 stories
0.15 acres
Lot size: 0.1515
County: Los Angeles
Zoning: LAR3
Parking description: None
Heating description: Wall Furnace
MLS area: C42 - Downtown L.A.

Last Updated: 6/12/2026

 Days On Market (DOM): 4

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.058723, -118.263998.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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