Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$2,700,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • 8 Total Beds
See This Home
Save This Home
See This Home
Save This Home
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.

Full Property Details for 311 Witmer St

General

  • Price: $2,700,000
  • Status: Pending
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 24-423967
  • Updated: 8/10/2024
  • Added to Site: 530 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 20

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: Community

Additional Information

  • Security/Safety: Gated
  • Other Features: None

Parking

  • Garage Description: None

Location

  • Area: Downtown L.A.
  • County: Los Angeles
  • Cross Streets: W. 3rd St. and Witmer St.
  • Driving 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.
  • Direction Faces: East

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Wall

Structural Information

  • # Buildings: 1
  • Common Walls: Attached
  • Stories/Levels: 2
  • Square Feet: 10,856
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1923
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 20
  • Unit Type: 2106, 2107

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size: 6599
  • Lot Size Source: Vendor Enhanced
  • Zoning: LAR3

Financial Considerations

  • Price Per Sq. Ft.: $248.71
  • Price Per Unit: 135000
  • Assessment Year: 1923

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 5153-026-007

Listed by Compass, Max Berger

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 311 Witmer St —

  • Max Berger

    Compass

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 311 Witmer St

School District:Los Angeles Unified School District
NameGradesDistance
Gratts Learning Academy For Young Scholars (Glays)
309 Lucas Avenue, Los Angeles, CA 90017
2-60.1 mi
John H. Liechty Middle School
650 South Union Avenue, Los Angeles, CA 90017
7-80.4 mi
Belmont Senior High School
1575 West 2nd Street, Los Angeles, CA 90026
9-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 311 Witmer St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/05/2024
Listed
$2,700,000
16.13%
MLS
4/03/2018
Sold
$2,325,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 311 Witmer St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$33,250
3%
$2,651,527
4%
2023
$32,200
5%
$2,548,804
2%
2022
$30,745
1%
$2,498,948
2%
2021
$30,328
-1%
$2,450,069
1%
2020
$30,627
4%
$2,425,010
2%
2019
$29,444
29%
$2,371,500
33%
2018
$22,901
2%
$1,788,643
2%
2017
$22,384
3%
$1,753,573
2%
2016
$21,790
1%
$1,719,190
2%
2015
$21,486
-1%
$1,693,367
2%
2014
$21,680
—
$1,660,197
—
2013
$21,675
—
$1,652,695
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 311 Witmer St

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Compass, Max Berger

Just Listed near 311 Witmer St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1161 N Ditman Ave, East Los Angeles, CA 90063 - Photo 1 Just Listed
$1,385,000

1161 N Ditman Ave  East Los Angeles, CA 90063

  • Multi-Family
  • Active
  • Updated 18 hours ago
448 S Evergreen, East Los Angeles, CA 90033 - Photo 1 Just Listed
$899,000
Open House

448 S Evergreen  East Los Angeles, CA 90033

  • Multi-Family
  • Active
  • Updated 5 hours ago
6653 Northside Dr, East Los Angeles, CA 90022 - Photo 1 Just Listed
$788,000
Open House

6653 Northside Dr  East Los Angeles, CA 90022

  • Single Family
  • Active
  • Updated 19 hours ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,635
    Sq. Ft.
5075 Randolph, Maywood, CA 90270 - Photo 1 Just Listed
$200,000

5075 Randolph  Maywood, CA 90270

  • Business
  • Active
  • Updated 2 days ago
  • 1,980
    Sq. Ft.
  • 0.0455
    Acres

Price Reduced near 311 Witmer St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1227 S Atlantic Blvd, East Los Angeles, CA 90022 - Photo 1 Price Reduced
-$20,000 (-3.1%)
$625,000

1227 S Atlantic Blvd  East Los Angeles, CA 90022

  • Lots/Land
  • Active
  • Updated 1 day ago
  • 0.1144
    Acres
1192 E 48th, East Los Angeles, CA 90011 - Photo 1 Price Reduced
-$140,000 (-11.76%)
$1,050,000

1192 E 48th  East Los Angeles, CA 90011

  • Single Family
  • Active
  • Updated 4 days ago
  • 10
    Beds
  • 6
    Total Baths
  • 3,769
    Sq. Ft.
6808 Benson, Huntington Park, CA 90255 - Photo 1 Price Reduced
-$18,000 (-2.78%)
$629,000
Open House

6808 Benson  Huntington Park, CA 90255

  • Single Family
  • Active
  • Updated 5 hours ago
  • 2
    Beds
  • 1
    Total Bath
  • 840
    Sq. Ft.
459 S Sydney Dr, East Los Angeles, CA 90022 - Photo 1 Price Reduced
-$202,000 (-16.83%)
$998,000

459 S Sydney Dr  East Los Angeles, CA 90022

  • Multi-Family
  • Active
  • Updated 1 day ago

Recent Sales near 311 Witmer St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

372 Columbia Ave, Los Angeles, CA 90017 - Photo 1 Sold
$2,895,000

372 Columbia Ave  Los Angeles, CA 90017

  • Multi-Family
  • Closed
1046 W Edgeware Rd, Los Angeles, CA 90026 - Photo 1 Sold
$2,410,000

1046 W Edgeware Rd  Los Angeles, CA 90026

  • Single Family
  • Closed
  • 4
    Beds
  • 4
    Total Baths
  • 2,917
    Sq. Ft.
222 N Coronado St, Los Angeles, CA 90026 - Photo 1 Sold
$2,400,000

222 N Coronado St  Los Angeles, CA 90026

  • Multi-Family
  • Closed
  • 12
    Total Beds
627 Coronado Terrace, Los Angeles, CA 90026 - Photo 1 Sold
$3,100,000

627 Coronado Terrace  Los Angeles, CA 90026

  • Multi-Family
  • Closed
  • 31
    Total Beds

311 Witmer St, Los Angeles, CA 90017 (MLS# 24-423967) is a Multi-Family property with units containing 8 bedrooms and 0 full bathrooms. 311 Witmer St is currently listed for $2,700,000 and was received on August 05, 2024. Want to learn more about 311 Witmer St? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

Tour this property