316 Columbia Ave | Los Angeles, CA 90017
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- LoopNet Team
316 Columbia Ave
Los Angeles, CA 90017
Reduced 350k! 100% Vacant 6 Units+3 ADUs · Multifamily Property For Sale · 9 Units
Investment Highlights
- 100% Vacant 6 Units with plans for 3 ADUs priced at only 278k/door
- Preliminary plans to add 3 ADUs including 1 Attached 3 bed 2 bath unit in Garages + 2 detached one-bedroom units in the parking area.
- Excellent Westlake location just steps away from the trendy Echo Park, FilipinoTown, DTLA, and Koreatown
- Amazing Value Add Fixer project with Incredible upside to 6% Cap Rate and 12.3 GRM
- Large 7,084 SF R3-1 Lot TOC Tier 2 with future development potential.
- Individually Metered for Gas & Electricity.
PROPERTY FACTS
| No. Units | 9 | Building Size | 4,444 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1953/2023 |
| Building Class | B | Parking Ratio | 1.35/1,000 SF |
| Lot Size | 0.16 AC |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 4,444 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1953/2023 |
| Parking Ratio | 1.35/1,000 SF |
Unit Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,750 | - |
| 1+1 | 6 | $1,995 | - |
| 3+2 | 1 | $2,995 | - |
PROPERTY TAXES
| Parcel Number | 5153-026-006 | Improvements Assessment | $104,040 |
| Land Assessment | $936,360 | Total Assessment | $1,040,400 |
PROPERTY TAXES
Parcel Number
5153-026-006
Land Assessment
$936,360
Improvements Assessment
$104,040
Total Assessment
$1,040,400
zoning
| Zoning Code | R3-1 (Restricted Density Multiple Dwelling) |
| R3-1 (Restricted Density Multiple Dwelling) |
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