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Map
$2,165,733*
●
Multifamily -
Off Market
318 Columbia Ave
Los Angeles, CA 90017
Studio
0 Bath
$1,800,000 - $2,198,000
Reference Base Price*
8.34%
Since Dec 1, 2022
CA-Los Angeles
Primary Model
About This Property
Huge 300k Price Reduction! Once in a lifetime Opportunity 100%
Vacant 6 Units with plans for 3 ADUs priced at only 261k/door in
the Prime Westlake area. Amazing Value Add Fixer project with
Incredible upside to almost a 7% Cap Rate and 10.9 GRM after
renovations. Preliminary plans to add 3 ADUs including 1 Attached 3
bed 2 bath unit in Garages + 2 detached one-bedroom units in the
parking area. 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.
Individually Metered for Gas & Electricity. Price/Unit, Cap Rate, &
GRM are based on Total Price for sake of conservatism, which
includes construction costs of 3 ADUs 1,790 SF at 200/SF (358k)
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 4, 2022 | No longer available | - | |
| No longer available | |||
| Oct 28, 2022 | Price Decreased |
$1,999,000
↓ $146K
(6.8%)
|
|
| Price Decreased | |||
| Oct 15, 2022 | Price Decreased |
$2,145,000
↓ $150K
(6.5%)
|
|
| Price Decreased | |||
| Oct 3, 2022 | Listed | $2,295,000 | |
| Listed | |||
Property Highlights
318 Columbia Ave
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Commercial
Loft
-
6,169 ft²
$292/ft²
$1,800,000
Dec 4, 2023
-
-
Multifamily
13
Beds
9.5
Baths
5,840 ft²
$291/ft²
$1,700,000
Mar 9, 2023
-
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
11/15/2023
|
|
Loft
|
-
|
4444 ft²
|
$2,895,000
Loft
-
4444 ft²
|
-
-
|
-
|
Alex 'Zan' Sacker
Keller Williams-Santa Monica
|
|
10/03/2022
|
|
Studio
|
-
|
-
|
$2,295,000
Studio
-
|
-
-
|
-
|
Alex 'Zan' Sacker
Keller Williams-Santa Monica
|
Building Info
318 Columbia Avenue
318 Columbia Avenue, Los Angeles, CA 90017
- 1 Unit for Sale
About Central LA
Similar Homes for Sale
$1,700,000
- 13 Beds
- 9.5 Baths
- 5,840 ft²
$1,800,000
- Commercial
- 6,169 ft²
