Active
318 Columbia Ave
Los Angeles CA, 90017
$2,950,000
$663.82 per sqft
Active
11 Beds
8 Baths
4,444 sqft
Multi-family
Built in 1953
Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 6% Cap Rate and 12 GRM from day 1! Additionally, there are nearly RTI plans to add 2 detached ADUs to achieve a remarkable 8% Cap Rate and 9.6 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.
24-460519
MLSⓇ ID
November 7, 2024
Listed
November 22, 2024
Updated
Map
318 Columbia Ave
Los Angeles CA, 90017
Interior Features
Total Stories
2
Bedrooms
11
Total Bathrooms
8
Appliances
None
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Air Conditioning, Central
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.16 Acres
Architectual Style
Contemporary
Other Property Details
Area Name
Downtown L.A.
Days on Market
8
Garage
No
Parking
Detached
Parking Total
3
View
Yes
View Description
City Lights, City
County
Los Angeles
Pool
No
Zoning
LAR3
Listing History
Date | Event | Price |
|---|---|---|
11/8/2024 | Price change | $2,950,000 -2% |
Listed by Alex 'Zan' Sacker with KW Advisors
Listing Contact: 310-560-1622
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Wellmakers Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024
