Listing provided courtesy of Mark Konopaske of Mark Konopaske. Last updated 2022-07-08 08:11:27.000000. Listing information © 2022 CRMLS.
Asking Price: $5,000,000
325 Columbia, Los Angeles CA 90017
Community: C42 - Downtown L.A.
This property was built in 1922 and is priced at $5,000,000. Please see the additional details below.
- 0 Sq Ft
- 0 bathrooms
- 0 bedrooms
- MLS#: 369265595
- Year Built: 1922
Lee & Associates Investment Services Group an TCRE Corp are pleased to present 325 Columbia Avenue, a 35 unit, 16,727sf apartment building located in the Westlake neighborhood of Los Angeles. Built in 1922, the Subject Property contains 35 Studio apartments and boasts 22 off-streeet parking spaces, a rare amenity in this neighborhood.The Subject Property's curb appeal and amenities are comparable to other similarly aged apartment properties in the vicinity. New ownership has the opportunity to capture additional upside in rents through unit turnover, parking income and the installation of a RUBS program. Westlake/City West, located right outside Downtown's employment hub, is a bustling neighbor- hood with a rapidly gentrifying demographic. Westlake/City West is adjacent to other notable neighborhoods, including Echo Park, Pico Union, Downtown and Koreatown. The subject proper- ty's location is ideal as it is walking distance to thousands of jobs, transportation options and retail and dining amenities. Enjoying a Walk Score of 89 and Transportation Score of 90 means tenants can easily accomplish most errands and tasks on foot and have access to numerous public transportation options nearby.