741 Columbia Ave, Los Angeles, CA 90017

The most lucrative plan for this property is to redevelop into multi-unit, LADBS will allow 6 units, similar property 1 mile away, lot about 250 sf larger, 4 units 12 beds sold for $1.9 million in 2022 Investors plan to redevelop this parcel into LADBS permitted 6 units with ARV over $2.1 million Excellent AirBNB rental location in DTLA. Rent rooms for $200+/day if you only rent them for 15 days/month you can earn $3000+ per room per month or $27,000+ for 9 bedrooms per month or $324,000+ per year, this is better than renting to students or can do a mix of students and AirBNB, can rent to visitors to Staples Center, Dodger Stadium, Los Angeles Coliseum, downtown businesses, USC sports, USC students, Loyola Law students, etc. Once renovated parking for up to 12 cars possible DTLA SFR 2294 sf 8 Beds/4 Baths 2 Car Garage LADBS Approved Architect Plans & Permits 2.4 miles USC 0.2 miles Loyola Law School, can convert office to another bedroom so total 9 Beds/4 baths Potential annual rental income of $121,200 to over $175,200 for rooms and car parking. Realtor owned neighboring house renting rooms at $1125/month per room, $100/month per car USC shared 2 persons/dorm room + required meal plan is over $2500/month. Short term business AirBNB rentals rate can be over $200/night per room is also possible since it is in Downtown Los Angeles. AirBNB rental income could be much higher than monthly room rental income. SERIOUS BUYERS ONLY No unsolicited requests Agents do not contact seeking to list ALL CASH, Sold AS-IS, NO WARRANTIES, NO GUARANTEES NO CONTINGENCIES ON OFFER  CONDUCT INVESTIGATIONS PRIOR TO OFFER 3% EMD 2 days COE 14 days   Buyer to confirm all details and information. Seller makes no assertions, claims, guarantees or warranties on any details or information about this property. Interior has been completely demoed/gutted for a full new renovation. Zoned LAR3-1 Not a historical resource LADBS has substandard until property is renovated and habitable LADBS approved architect plan for 2 master/2 bath, 6 beds/2 bath, 1 kitchen, 1 office, newly built 2 car garage, 2294 sf, total 8 beds/4 baths Schools 0.2 mile Loyola Law School 0.8 mile Fashion Institute of Design & Merchandising 1.0 mile Cal State LA 1.3 mile USC Tower South Park Center Free Bus to USC 1.4 mile USC Bovard College 1.5 mile American States University 2.4 mile to USC Main Campus Skyscrapers Downtown Los Angeles Thousands of Potential Renters 0.6 mile Wilshire Grand Center Tallest Building in DTLA 0.6 mile 777 Tower 7th Tallest 0.6 mile The Ritz-Carlton Los Angeles 13th Tallest 0.6 mile Metropolis Tower D 14th Tallest 0.8 mile Wells Fargo Center 8th Tallest 0.8 mile Figueroa at Wilshire 9th Tallest 0.9 mile AON Center 3rd Tallest 0.9 mile City National Tower 10th Tallest 0.9 mile Paul Hastings Tower 10th Tallest 0.9 mile Oceanwide Plaza Tower I 12th Tallest 0.9 mile KPMG Tower 18th Tallest 1.0 mile 820 Olive 15th Tallest 1.0 mile FourFortyFour South Flower 16th Tallest 1.0 mile 611 Place 17th Tallest 1.1 mile US Bank Tower 2nd Tallest 1.1 mile Gas Company Tower 5th Tallest 1.2 mile Bank of America Plaza 6th Tallest 1.3 mile Two California Plaza 4th Tallest 0.3 mile Zero Ramen Sushi 0.4 mile Panda Express 0.4 mile McDonald's #1 0.5 mile Burger King 0.6 mile Food4Less 0.6 mile Grocery Outlet 0.6 mile Smart and Final 0.7 mile Carl's Jr. 0.7 mile Chick fil-A 0.7 mile Ralph's 0.7 mile Target Grocery 0.7 mile Starbucks 0.8 mile McDonald's #2 0.9 mile Whole Foods 1.2 mile Burger King 1.2 mile Food4Less 1.7 mile Hannam Supermarket 0.4 mile Home Depot 0.4 mile Curacao Store 0.4 mile UPS Olympic Hub 0.6 mile 7th Street Metro Rail Center 0.7 mile Fedex 0.8 mile Crypto.com Center 1.8 mile to Fashion District 2.1 mile to Koreatown 2.3 mile to Little Tokyo 2.4 mile to USC 2.4 mile to Dodger Stadium 2.6 mile to Chinatown