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

Bedrooms11 Baths8.0 Sq 4,444

Monthly Estimate*

^$ 18,825

Listed by KW Advisors

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Multi-Family Home for sale in Los Angeles, CA

for $2,695,000 with 11 bedrooms and 8 full baths. This 4,444 square foot home was built in 1953 on a lot size of 0.1627.

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

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Contemporary

Lot Size

0.1627

Year Built

1953

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24378747

Days on Market

Features

General

Heating Central

Cooling CentralAir

Zoning LAR3

Architectural Style Contemporary

Year Built 1953

Tenant Pays Electricity Gas TrashCollection Water

View CityLights

Levels MultiSplit

Gross Income 238908.0

County Los Angeles

Net Operating Income 177932.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Facing Direction West

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Just south of 3rd Street

City Los Angeles

View Y/N Y

Senior Community Y/N N

Total Units 7

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 7086.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Columbia

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Cap Rate 6.6

Interior

Flooring Laminate

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Total Bedrooms 11

Electric On Property Y/N N

Total Baths 8

Exterior

Total Parking 6.0

Lot Size Area 7086.0

Number of Buildings 2

Spa N

Building Area Total 4444.0

Lot Size Acres 0.1627

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 318

* Excluded Features

List By

Kw Advisors

Broker

(310) 482-2200

Phone

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 ^$2,020,253

Percent of Sale Price 25%

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.

273443 Elementary School

272636 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 0.1627. 318 Columbia Avenue has 11 bedrooms, 8.0 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/3/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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318 Columbia Avenue

Multi-Family Home for sale in Los Angeles, CA

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