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listing
1 of 16
Residential IncomeFor Sale
$2,650,000
318 Columbia Avenue
Los Angeles, CA 90017
Listed by Alex 'Zan' Sacker DRE#01279796 zan@sackerlovell.com KW Advisors
MLS: California Regional MLS (CRMLS)
11Beds
8Baths
4,444Sq Ft
Est. Mortgage
$13,779/mo

Huge 250k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing 6.75% Cap Rate and 10.9 GRM from day 1! Additionally, there are nearly RTI plans to add 2 detached ADUs to achieve a remarkable 8.9% Cap Rate and 8.7 GRM on proforma. All 7 units have been completely remodeled from the studs with permits (1 Vacant) and boas 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.

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Information courtesy of KW Advisors is subject to verification and is not guaranteed.
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