311 Witmer Street
Los Angeles, CA 90017
8
Bed
0
Bath
10,856Sqft
6,599Sqft(Lot)
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 S
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1344 W 4th Street, Los Angeles, CA, 90017 | $3,995,000 | -- | 20 | 7,700 | 7,700 SqFt |
| 801 S Grand #1611, Los Angeles, CA, 90017 | $749,000 | 2 | 2 | 1,580 | 1,580 SqFt |
| 410 Witmer Street, Los Angeles, CA, 90017 | $1,825,000 | -- | 20 | 7,999 | 7,999 SqFt |
| 316 Columbia Avenue, Los Angeles, CA, 90017 | $2,250,000 | 11 | 8 | 4,444 | 4,444 SqFt |
| 401 Witmer Street, Los Angeles, CA, 90017 | $3,150,000 | 6 | -- | 8,776 | 8,776 SqFt |
| 1100 Wilshire Boulevard.., Los Angeles, CA, 90017 | $465,000 | 1 | 1 | 680 | 680 SqFt |
| 415 Loma Drive, Los Angeles, CA, 90017 | $1,795,000 | 10 | 9 | 5,404 | 5,404 SqFt |
| 877 Francisco Street #1.., Los Angeles, CA, 90017 | $775,000 | 1 | 2 | 975 | 975 SqFt |
| 517 Loma, Los Angeles, CA, 90017 | $3,200,000 | -- | -- | 8,704 | 8,704 SqFt |
| 889 Francisco Street #3.., Los Angeles, CA, 90017 | $498,000 | -- | 1 | 480 | 480 SqFt |
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ByOwner last updated this listing 08/26/2026 @ 08:44
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