$2,650,000

318 Columbia Avenue, Los Angeles, CA 90017

  • 4,444 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1953
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $596/sqft
  • Property List Date Icon Listed 26 days ago

Property Description

Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 7% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 10.1% Cap Rate and 7.8 GRM after taking into account all constructions costs (~566k assuming $250/SF). 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.

Listing Status:
Active
Date Added:
October 14, 2025 at 05:00AM
Listing Office:
Keller Williams Los Angeles : 310-482-2200
Listing Agent:
Alex 'Zan' Sacker : 310-560-1622
MLS ID:
CL25605343
  • Flooring: Laminate
  • A/C: Central Air
  • Heating: Other
  • County: Los Angeles
  • Zoning: LAR35153026006
  • View: City Lights

This listing courtesy of Alex 'Zan' Sacker, Keller Williams Los Angeles

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Gratts Learning Academy for Young Scholars (GLAYS)

309 Lucas Ave, Los Angeles, CA, 90017

Grades 2-6

0.14 miles away

S

Sal Castro Middle School

1575 W 2nd St, Los Angeles, CA, 90026

Grades 6-8

0.21 miles away

M

Miguel Contreras Learning Complex - School of Business & Tourism

322 Lucas Ave, Los Angeles, CA, 90017

Grades 9-12

0.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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