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318 Columbia Avenue, Los Angeles, CA 90017
Priced at Only: $2,950,000
For more Information Call Mobile: 714.478.6676
Address: 318 Columbia Avenue, Los Angeles, CA 90017
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  • MLS#: 24460519 ( )
  • Street Address: 318 Columbia Avenue
  • Viewed: 1
  • Price: $2,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1953
  • Bldg sqft: 0
  • Days On Market: 203
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90017
  • Provided by: KW Advisors
  • Contact: Alex 'Zan' Alex 'Zan'
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7 unit apartment building with permits cash flowing at an amazing 6% Cap Rate and 12 GRM from day 1! Additionally, there are nearly RTI plans to add 2 detached ADUs to achieve a remarkable 8% Cap Rate and 9.6 GRM on proforma. All 7 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 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
Architectural Style
  1. Contemporary
Building Area Total
  1. 4444.00
Cooling
  1. Central Air
Country
  1. US
Direction Faces
  1. West
Flooring
  1. Laminate
Heating
  1. Central
Levels
  1. Multi/Split
Netoperatingincome
  1. 181554.00
Parcel Number
  1. 5153026006
Postalcodeplus4
  1. 1218
Sourcesystemkey
  1. 24-460519:CLAW
Tenant Pays
  1. Gas
  2. Electricity
  3. Trash Collection
  4. Water
Totalexpenses
  1. 53770.00
View
  1. City Lights
Year Built
  1. 1953
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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