- 17 Beds
- 14 Baths
- 4,444 Sqft
- .16 Acres
318 Columbia Avenue
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.
Essential Information
- MLS® #25605343
- Price$2,650,000
- Bedrooms17
- Bathrooms14.00
- Square Footage4,444
- Acres0.16
- Year Built1953
- TypeResidential Income
- StyleContemporary
- StatusActive
Community Information
- Address318 Columbia Avenue
- AreaC42 - Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90017
Amenities
- Parking Spaces3
- ViewCity Lights
Interior
- InteriorLaminate
- HeatingCentral
- CoolingCentral Air
- # of Stories2
- StoriesMulti/Split
Additional Information
- Date ListedOctober 14th, 2025
- Days on Market41
- ZoningLAR3
Listing Details
- AgentAlex 'zan' Sacker
- OfficeKeller Williams Los Angeles
Alex 'zan' Sacker, Keller Williams Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. as of November 24th, 2025 at 1:15am PST. 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.