Listing provided courtesy of Alex 'Zan' Sacker of KW Advisors. Last updated 2023-12-01 09:11:25.000000. Listing information © 2023 CRMLS.

Asking Price: $2,895,000

318 Columbia, Los Angeles CA 90017

Community: ​C42 - Downtown L.A.

Status: Active

This property was built in 1953 and is priced at $2,895,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: 372159736
  • Type:
  • Year Built: 1953
Once in a lifetime 100% Vacant and Fully Renovated 7-unit apartment building with permits cash flowing at an amazing 6% Cap Rate and 12.2 GRM from day 1! Additionally, there are nearly RTI plans to add 2 detached ADUs to achieve a remarkable 7.9% Cap Rate and 9.8 GRM on proforma. All 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 (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.

Call or Email AK Luxury Properties now to inquire about this property