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Property Description

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 11.1 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 (2 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 brand-new (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.

Features
: Central
: Central Air
: City Lights
2
0
: Contemporary
Additional Information
KW Advisors
0
CLW-X55299
CLW-X74717
Alex 'Zan'
5153026006
: Standard
Multi/Split
32

Multi-Family For Sale

318 Columbia Avenue, Los Angeles, California 90017

4,444 Sqft
$2,695,000
Listing ID #24391261
Basic Details
Status : Active
DaysOnMarket : 31
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24391261
Price : $2,695,000
Living Area : 4,444 Sqft
Lot Size : 7,086 Sqft
Year Built : 1953
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90017
Price Per Square Foot : $606
ModificationTimestamp : 2024-06-26 13:59:29
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