324 Witmer Street
Los Angeles, CA 90017
4
Bed
0
Bath
11,088Sqft
7,594Sqft(Lot)
324 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 6.66% CAP and 8.50 GRM on current rents, $105,000 per unit, and $189 per foot. 324 Witmer is a significant value-add opportunity with approx. 81% rental upside. At projected market rents, the property will stabilize at a 15.81% CAP and 4.70 GRM. Built in 1923, the 11,088 SF two-story complex consists of (4) 1-bdrm. units and (16) studio units. Tenants pay their own electrical utilities and the building is master metered for gas. Property amenities include community laundry. 324 Witmer, which can be purchased individua
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| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1344 W 4th Street, Los Angeles, CA, 90017 | $4,250,000 | -- | -- | 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 | $1,995,000 | -- | -- | 7,999 | 7,999 SqFt |
| 318 Columbia Avenue, Los Angeles, CA, 90017 | $2,350,000 | 11 | -- | 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 | $475,000 | 1 | 1 | 680 | 680 SqFt |
| 877 Francisco #1801, Los Angeles, CA, 90017 | $779,000 | 1 | 2 | 909 | 909 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 06/10/2026 @ 10:05
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