318 Columbia AVE, Los Angeles, CA 90017
318 Columbia AVE, Los Angeles, CA 90017
318 Columbia AVE, Los Angeles, CA 90017
318 Columbia AVE, Los Angeles, CA 90017
318 Columbia AVE, Los Angeles, CA 90017
318 Columbia AVE, Los Angeles, CA 90017
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Steven Shearrill

Steven Shearrill

+1(619) 368-7141
$ 2,350,000
Est. payment | /mo

11 Beds

8 Baths

4,444 SqFt

Save
$ 2,350,000
Est. payment | /mo
Save

11 Beds

8 Baths

4,444 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,444 sqft

Price per Sqft $528

MLS Listing ID 26658625

Bedrooms 11

HOA Y/N No

Year Built 1953

Lot Size 7,087 Sqft

Property Description

Huge 650k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing Current 8% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 11.1% Cap Rate and 7 GRM after taking into account all constructions costs (~566k assuming $250/SF). 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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplace No

Exterior

View Y/N Yes

View City Lights

Total Parking Spaces 3

Building

Faces West

Story 2

Entry Level Multi/Split

Architectural Style Contemporary

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5153026006

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Alex 'Zan' Sacker KW Westside Estates #01279796

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Steven Shearrill

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(619) 368-7141

steven.shearrill@gmail.com

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318 Columbia AVE