318 Columbia Avenue Los Angeles, CA 90017
Huge 250k Price Reduction! Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 6.75% Cap Rate and 10.9 GRM from day 1! Additionally, there are nearly RTI plans to add 2 detached ADUs to achieve a remarkable 8.9% Cap Rate and 8.7 GRM on proforma. All 7 units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 4 (1bed/1bath) units, 2 (2bed/1bath) units, and 1 spacious brand-new (3bed/2bath) unit. Additionally, the major systems have been updated including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. Large 7, 084 SF R3-1 Lot TOC Tier 2 with future development potential. Excellent Westlake location just steps away from the trendy Echo Park, FilipinoTown, DTLA, and Koreatown.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site19 Days
- MLS StatusActive
- MLS ID Number24437845
- Home Size Source N/A
- Year Built1953
- Lot Size0.1627 Acres
- Full BathsN/A
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 318 Columbia Avenue Los Angeles, CA 90017
3 weeks ago | |
3 weeks ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Style Contemporary
- Parking Spaces 3
- Number of Stories Multi/Split2
- Acreage 0.1627
- Attached Garage No
- Zoning LAR3
- Listing Conditions Standard
- Direction Faces West
Interior Features
- Cooling Central Air
- Heating Central
- Flooring Laminate
Exterior Features
- View City Lights
Community Features
- Senior Community No
- MLS Area C42 - Downtown L.A.