318 Columbia Avenue, Los Angeles, CA — listing photo 1
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FOR SALE

318 Columbia Avenue

Los Angeles, CA 90017
11 Beds
8 Baths
4,444 Sq Ft
Built 1953
$2,250,000
Price ReducedWas $2,350,000 — $2,250,000 (-$100,000)

Property Overview

Huge 750k 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 11.6% Cap Rate and 6.8 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.

Home Details

Property type
Residential Income
Year built
1953
Living area
4,444 sq ft
Lot size
7,086 sq ft
Parking
3 spaces
Stories
2
Days on market
58
MLS status
Active
Architectural style
Contemporary
Zoning
LAR3

Community, Schools & Utilities

Community

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CityLights

Utilities

Heating
Central
Cooling
CentralAir
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Location & Neighborhood

318 Columbia Avenue

Los Angeles, CA 90017

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Frequently Asked Questions About 318 Columbia Avenue

Property type: Residential Income

The current asking price is $2,250,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 318 Columbia Avenue. Our team will confirm availability and timing.
This 11 bedrooms and 8 bathrooms property offers approximately 4,444 square feet of living space. It was built in 1953. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 58 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Alex 'Zan' Sacker
MLS ID: CLW-X55299

Available property

$2,250,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.