For sale
  • Price cut: $200K (7/22)
    $2,795,000

    318 Columbia Ave, Los Angeles, CA 90017

    11beds
    8baths
    4,444sqft
    : 
    Multi Family
    Built in 1953
    -- sqft lot
    $2,694,100 Zestimate®
    $629/sqft
    $-- HOA

    What's special

    Completely remodeledNew modern cabinetsNew bathroomsHigh-end aestheticHvac systems
    Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 6.5% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 9.6% Cap Rate and 8.1 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.
    69 days
    on Zillow
    |
    56
    |
    3
    |
    • Loading
    • Loading