Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    318 Columbia Avenue, Los Angeles, CA 90017
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    318 Columbia Avenue
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    • MLS#: 24460519 ( )
    • Street Address: 318 Columbia Avenue
    • Viewed: 5
    • Price: $2,950,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1953
    • Bldg sqft: 0
    • Days On Market: 46
    • 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
    Architectural Style
    1. Contemporary
    Building Area Total
    1. 4444.00
    Cooling
    1. Central Air
    Country
    1. US
    Direction Faces
    1. West
    Flooring
    1. Laminate
    Heating
    1. Central
    Levels
    1. Multi/Split
    Netoperatingincome
    1. 181554.00
    Parcel Number
    1. 5153026006
    Postalcodeplus4
    1. 1218
    Sourcesystemkey
    1. 24-460519:CLAW
    Tenant Pays
    1. Gas
    2. Electricity
    3. Trash Collection
    4. Water
    Totalexpenses
    1. 53770.00
    View
    1. City Lights
    Year Built
    1. 1953
    Zoning
    1. LAR3
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836