318 Columbia Ave | Los Angeles, CA 90017
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- LoopNet Team
318 Columbia Ave
Los Angeles, CA 90017
Reduced 200k! Existing 6.6% Cap & 11.2 GRM · Multifamily Property For Sale · 7 Units
Investment Highlights
- Once in a lifetime 100% Fully renovated 7-unit apartment building with permits (3 vacant)
- Nearly RTI plans to add 2 detached ADUs to achieve a remarkable 8.7% Cap Rate and 8.9 GRM
- Excellent Westlake location just steps away from the trendy Echo Park, FilipinoTown, DTLA, and Koreatown
- Cash flowing at an amazing 6.6% Cap Rate and 11.2 GRM from day 1
- Large 7,084 SF R3-1 Lot TOC Tier 2 with future development potential
- Individually Metered for Gas & Electricity
PROPERTY FACTS
| No. Units | 7 | 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 | 7 |
| 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 |
|---|---|---|---|
| 1+1 | 4 | $2,450 | - |
| 2+1 | 2 | $3,052 | - |
| 3+2 | 1 | $3,915 | - |
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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