318 Columbia Avenue
Los Angeles, CA 90017
- – beds
- – baths
- – sqft
- 7,086 sqft lot
- 1953 build
- – on site
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.
Last checked:
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Last updated Jan 14, 2025
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MLS# 25482313 —
The Building
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Year Built:1953
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New Construction:No
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Building Area Total:4444.00
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Total Number Of Units:7
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# of Buildings:2
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Architectural Style:Contemporary
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Stories Total:2
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Faces:West
Interior
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Levels:Multi/Split
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Flooring:Laminate
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Room Type:Bonus Room
Location
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Directions:Just south of 3rd Street
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Latitude:34.05878800
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Longitude:-118.26456900
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:7086.0000
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Lot Size Acres:0.1627
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Lot Size SqFt:7086.00
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View:1
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View:City Lights
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5153026006
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking Spaces:3.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/14/25
Jan 14, 2025
|
Listed / Active | CRMLS_CA | $2,950,000 | |
|
11/8/24
Nov 8, 2024
|
Price Changed | CRMLS_CA | ||
|
11/7/24
Nov 7, 2024
|
Listed / Active | CRMLS_CA |
