318 Columbia Avenue, Los Angeles, CA 90017
  • MLS#: 24460519 ( Multi-Family )
  • Street Address: 318 Columbia Avenue
  • Viewed: 10
  • Price: $2,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1953
  • Bldg sqft: 0
  • Days On Market: 109
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90017
  • Provided by: KW Advisors
  • Contact: Alex 'Zan' Alex 'Zan'
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Property Type
  1. Multi-Family
Views
  1. 10