318 Columbia Avenue, Los Angeles, CA 90017
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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'
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DescriptionOnce 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.
Property Location and Similar Properties
Features
Architectural Style
- Contemporary
Building Area Total
- 4444.00
Cooling
- Central Air
Country
- US
Direction Faces
- West
Flooring
- Laminate
Heating
- Central
Levels
- Multi/Split
Netoperatingincome
- 181554.00
Parcel Number
- 5153026006
Postalcodeplus4
- 1218
Sourcesystemkey
- 24-460519:CLAW
Tenant Pays
- Gas
- Electricity
- Trash Collection
- Water
Totalexpenses
- 53770.00
View
- City Lights
Year Built
- 1953
Zoning
- LAR3