318 Columbia Avenue, Los Angeles, CA 90017 (MLS # 25543895)

Save to Favorites
Print
Share
PRICE $2,995,000 dsIDX morgage calculator
BEDS 11
BATHS 8
HOME SIZE 4,444 sqft
LOT SIZE 7,088 sqft

Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 6% Cap Rate and 12.1 GRM from day 1. Preliminary plans to add 6 detached ADUs to achieve a remarkable 9% Cap Rate and 8.6 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.

DAYS ON MARKET 37 LAST UPDATED 6/12/2025
YEAR BUILT 1953 COMMUNITY C42 - Downtown L.A.
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA C42 - Downtown L.A.
HEAT Central
LOT 7087 sq ft
STORIES Split/Multi Level
STYLE Contemporary
VIEW Yes
VIEW DESCRIPTION City Lights
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only

SATELLITE VIEW



 
CONTACT US ABOUT 318 COLUMBIA AVENUE
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Anastasia Stamatii to contact you even if your name is on a Federal or State "Do not call List".

Listed with Keller Williams Los Angeles

Based on information from CRMLS as of 7/16/25 6:34 PM PDT. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CRMLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

This IDX solution is (c) Diverse Solutions 2025.