$2,650,000
- Beds
- 11
- sq ft
- 4,444
318 Columbia Ave, Los Angeles, CA 90017
318 Columbia Ave
Los Angeles, CA 90017
- 7 days on market
Huge 250k Price Reduction! Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 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 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.
Details
Property type
Lot size
7,086 sq ft
Price per sq ft
$597
Year built
1953
HOA
No
Price History
09/12/2024
CLAW #24437845
Listed
$2,650,000
09/11/2024
CLAW #24391261
Removed
$2,650,000
08/07/2024
CLAW #24391261
Price change
$2,650,000
-1.67%
Schools & Community
Neighborhood:
Westlake
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/19/2024 at 9:30 PM
Listing updated: 09/12/2024 at 5:09 PM
Listed by: Alex 'Zan' Sacker, KW Advisors Phone #: (310) 482-2200
MLS: CLAW #24437845
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