318 Columbia Avenue Los Angeles, CA ^$ 2,695,000

318 Columbia Avenue

^$ 2,695,000

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318 Columbia Avenue

Los Angeles, CA, 90017

^$ 2,695,000

Studio Baths0.0 Sq 4,444

Monthly Estimate*

^$ 18,825

Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,695,000. This 4,444 square foot home was built in 1953 on a lot size of 0.16.

Huge 200k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing 6.6% Cap Rate and 11.2 GRM from day 1! Additionally, there are nearly RTI plans to add 2 detached ADUs to achieve a remarkable 8.7% Cap Rate and 8.9 GRM on proforma. All 7 units have been completely remodeled from the studs with permits (3 Vacant) 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 (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.

Multi-Family Active

Price

^$ 2,695,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Contemporary

Lot Size

0.16

Year Built

1953

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024378747

Features

General

Heating Central

Cooling Central Air

Zoning LAR3

Architectural Style Contemporary

Year Built 1953

Tenant Pays Electricity Water Trash Collection Gas

View City Lights

Levels Multi/Split

County Los Angeles

Net Operating Income 177932.0

New Construction No

Property Type C

HOA / Comm Assn No

Facing Direction West

Status Active

City Los Angeles

Buyer Agent Compensation 2.50

View Y/N Yes

Senior Community Y/N No

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 7086.0

Street Name Columbia

Standard Status Active

Buyer Agent Compensation Type %

Interior

Flooring Laminate

Total Stories 2

Air Conditioning Y/N Yes

Heating Y/N Yes

Street Suffix Avenue

Total Baths 0

Exterior

Parking Features Gated

Lot Size Area 7086.0

Building Area Total 4444.0

Lot Size Acres 0.16

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Alex ''Zan'' Sacker

Listing Agent

Kw Advisors

Broker

Affordability Calculator

$18,825

Per Month

Monthly Principal & Interest: $18,825
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,002,074

Percent of Sale Price 26%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/10/2024	$2,695,000		Listed Price

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318 Columbia Avenue, Los Angeles, CA, 90017 is a Multi-Family Home for sale at $2,695,000 with 4,444 sqft and a lot size of 0.16. 318 Columbia Avenue is a studio with 0.0 baths and was built in 1953. The property's zip code is 90017 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/13/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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318 Columbia Avenue

Multi-Family Home for sale in Los Angeles, CA

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