$2,195,000
 $11,783 est/mo Sourced by Back At You

316 Columbia Avenue,Los Angeles, CA 90017

Los Angeles, CA 90017

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Description

Huge 800k 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 11.4% Cap Rate and 6.7 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.

Details

MLS #26866465
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1953
Days On Site51
Listing Provided ByKW Westside Estates | Alex 'Zan' Sacker

Features

Bed(s)11
Bath(s)8
SQ Feet4,444
Story(s)2
Units7
Building(s)2
ZoningLAR3
Acreage0.16
Property ViewYes

Interior

CoolingCentral Air
HeatingCentral
Heating Yes / NoYes
Cooling Yes / NoYes

Parking

Attached Garage Yes / NoNo

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90017
AreaC42 Downtown L.A.
Listing VS Median (in 90017)
Price:
$2,195,000
low | high
Med:
$477,500
100% of Average
sqft:
4,444
low | high
Med:
965
100% of Average
$ / sqft:
$494
low | high
Med:
$521
44.561734810754% of Average
On site:
51
low | high
Med:
104
49.038461538462% of Average
Sourced by Back At You

Market Activity 90017

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Additional Information

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Learn More About This Property

Stephen Jacobs

Stephen Jacobs

Desert Lifestyle Properties

00927784Accredited Buyer Representative, Resort Certification, Green Designated (760) 413-0117stephen@withaph.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90017
AreaC42 Downtown L.A.
Listing VS Median (in 90017)
Price:
$2,195,000
low | high
Med:
$477,500
100% of Average
sqft:
4,444
low | high
Med:
965
100% of Average
$ / sqft:
$494
low | high
Med:
$521
44.561734810754% of Average
On site:
51
low | high
Med:
104
49.038461538462% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.646M - $2.743M
sqft: 3,000 - 5,500
Nearby Listings Property ImageNearby Listings Details
415 Loma Drive Property Photo 1
$1,795,000
415 Loma Drive
Los Angeles, CA 90017
160 Union Place Property Photo 1
$1,195,000
160 Union Place
Los Angeles, CA 90026
Listing Updated: August 31, 2026 at 3:09:58 PM PDT

Stephen Jacobs - Desert Lifestyle Properties