CA > Los Angeles
Los Angeles, CA 90017,318 Columbia AVE
Los Angeles, CA 90017,318 Columbia AVE
Los Angeles, CA 90017,318 Columbia AVE
Los Angeles, CA 90017,318 Columbia AVE
Los Angeles, CA 90017,318 Columbia AVE
Los Angeles, CA 90017,318 Columbia AVE
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Lynette Williams

Lynette Williams

+1(323) 251-6011
$ 2,950,000
Est. payment | /mo

11 Beds

8 Baths

4,444 SqFt

Save
$ 2,950,000
Est. payment | /mo
Save

11 Beds

8 Baths

4,444 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,444 sqft

Price per Sqft $663

MLS Listing ID 24460519

Bedrooms 11

HOA Y/N No

Year Built 1953

Lot Size 7,087 Sqft

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 C42 - Downtown L.A.

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplace No

Exterior

View Y/N Yes

View City Lights

Attached Garage No

Total Parking Spaces 3

Building

Faces West

Story 2

Entry Level Multi/Split

Architectural Style Contemporary

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5153026006

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Alex 'Zan' Sacker • KW Advisors
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(323) 251-6011

lynette.williams@exprealty.com

303 N Glenoaks Blvd, Burbank, CA, 91502, USA

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318 Columbia AVE