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Map
$2,695,000
●
Property -
For Sale
318 Columbia Ave
Los Angeles, CA 90017
Studio
0 Bath
4444 Sqft
$13,233
Estimated Monthly
$0
HOA / Fees
About This Property
Huge 200k Price Reduction! Once in a lifetime 100% Fully Renovated
7-unit apartment building with permits cash flowing at an amazing
6.6% Cap Rate and 11.2 GRM from day 1! Additionally, there are
nearly RTI plans to add 2 detached ADUs to achieve a remarkable
8.7% Cap Rate and 8.9 GRM on proforma. All 7 units have been
completely remodeled from the studs with permits (3 Vacant) 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.
The manager has listed the unit size as 4444 square feet.
The manager has listed the unit size as 4444 square feet.
Unit Size
4,444Ft²
Days on Market
20 days
Land Size
0.16 acres
Price per sqft
$606
Property Type
Property
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
Last updated: 17 days ago (CLAWCA #378747)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2024 | Listed by Keller Williams Santa Monica | $2,695,000 | |
| Listed by Keller Williams Santa Monica | |||
Property Highlights
Air Conditioning
With View
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
Active
Multifamily
8
Beds
4
Baths
5,400 ft²
$463/ft²
$2,500,000
Mar 10, 2024
-
-
In Contract
Condo
3
Beds
3.5
Baths
2,440 ft²
$1,127/ft²
$2,750,000
Jun 1, 2023
-
$3,914/mo
Condo
3
Beds
3.5
Baths
2,530 ft²
$1,184/ft²
$2,995,000
Jul 1, 2023
-
$3,914/mo
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
