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318 Columbia Avenue
USD 2,895,000
Property ID: 23337249
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318 Columbia Avenue ,90017
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icon 7086 SqFt
icon Built in 1953
icon USD 409/SqFt
icon 11 Beds
icon 8 Full
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Location Street View
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Interior Details
Bedrooms
11
Bathrooms
8
Interior Size
4444
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1953
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Detailed Introduction Of This Home
Once in a lifetime 100% Vacant and Fully Renovated 7-unit apartment building with permits cash flowing at an amazing 6% Cap Rate and 12.2 GRM from day 1! Additionally, there are nearly RTI plans to add 2 detached ADUs to achieve a remarkable 7.9% Cap Rate and 9.8 GRM on proforma. All 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 (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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (16)
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318 Columbia Avenue
USD 2,895,000 11 Beds
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