CA > Los Angeles
Los Angeles, CA 90017,318 Columbia Avenue
Los Angeles, CA 90017,318 Columbia Avenue
Los Angeles, CA 90017,318 Columbia Avenue
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$2,950,000
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4,444 SqFt
Active

318 Columbia Avenue Los Angeles, CA 90017

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

UPDATED:

03/11/2025 07:45 PM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,444 sqft

Price per Sqft $663

MLS Listing ID CL25482313

HOA Y/N No

Year Built 1953

Lot Size 7,086 Sqft

Acres 0.16

Property Sub-Type Other

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

Zoning LAR3

Interior

Heating Other

Cooling Central Air

Flooring Laminate

Fireplace No

Exterior

View Y/N true

View City Lights

Building

New Construction No

Others

Tax ID 5153026006

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Alex 'Zan' Sacker • KW Advisors

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Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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