318 Columbia Avenue, Los Angeles
Los Angeles Home For Sale
Huge 250k Price Reduction! Once in a lifetime 100% Fully Renovated 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 (1 Vacant) and boas 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 Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90017
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- MLS® #:
- 24391261
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- Bedrooms:
- 13
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- Bathrooms:
- 10
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- Square Ft:
- 4,444
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- Lot Size:
- 0.16
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- Levels:
- Multi/Split
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- HOA Dues:
- $
Price Change History for 318 Columbia Avenue, Los Angeles, (MLS® #24391261)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $2,695,000) | $2,650,000 | $45,000 (1.67%) |
Based on information from California Regional Multiple Listing Service, Inc. as of August 11th, 2024 at 2:35am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.