CA > Los Angeles
Los Angeles, CA 90017,318 Columbia Ave
Los Angeles, CA 90017,318 Columbia Ave
Los Angeles, CA 90017,318 Columbia Ave
16
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$2,950,000
Est. payment /mo
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11 BD
8 BA
4,444 SqFt
Price Dropped by $45K

318 Columbia Ave Los Angeles, CA 90017

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Jason Tomei

Jason Tomei

+1(702) 802-8142

UPDATED:

11/15/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,444 sqft

Price per Sqft $663

MLS Listing ID 24-460519

Style Contemporary

Bedrooms 11

Year Built 1953

Lot Size 7,086 Sqft

Acres 0.1627

Property Description

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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR3

Rooms

Other Rooms None

Dining Room 0

Interior

Heating Central

Cooling Air Conditioning, Central

Flooring Laminate

Equipment None

Exterior

Garage Detached

Garage Spaces 3.0

View Y/N Yes

View City Lights, City

Building

Story 2

Architectural Style Contemporary

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by KW Advisors

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Jason Tomei

Agent | RE.S.0176035

+1(702) 802-8142

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318 Columbia Ave