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 GRM from day 1! Additionally, there are nearly RTI plans to add 2 detached ADUs to achieve a remarkable 8% Cap Rate and 9.6 GRM on proforma. 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.
Property Details
Property Features
Property Information:
Architectural Style: Contemporary
Year Built: 1953
Stories: 2
Living Area: 4,444 SqFt
Listing Office:
Office Name: KW Advisors
Office Phone: (310) 482-2200
Listing Agent: Alex 'Zan' Sacker
Interior Features
Interior Information:
Flooring Type: Laminate
Bedroom and Bathroom Information:
Total Bedroom Count: 11
Exterior Features
Exterior Information:
View: City Lights
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.16 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Just south of 3rd Street
Price Information
Listing Price Info
Price Summary:
List Price: $2,950,000
Price Per SqFt: $664/SqFt
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.9M more than the Median Sold Price and $23/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24460519
Listing Office:
Office Name: KW Advisors
Office Phone: (310) 482-2200
Listing Agent: Alex 'Zan' Sacker
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 4:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
N.E.W. Academy of Science and Arts
379 Loma Dr
Distance between this listing and this school0.12 miles
Public Charter Grades KG-5
4
/10
Gratts Learning Academy for Young Scholars (GLAYS)
309 Lucas Ave
Distance between this listing and this school0.14 miles
Public District Grades 2-6
4
/10
Union Avenue Elementary
150 S Burlington Ave
Distance between this listing and this school0.38 miles
Public District Grades PK-5
Nearby Schools
4
/10
Sal Castro Middle School
1575 W 2nd St
Distance between this listing and this school0.21 miles
Public District Grades 6-8
4
/10
John Liechty Middle School
650 S Union Ave
Distance between this listing and this school0.40 miles
Public District Grades 6-8
5
/10
Camino Nuevo Charter Academy
697 S Burlington Ave
Distance between this listing and this school0.56 miles
Public Charter Grades KG-8
Nearby Schools
4
/10
Miguel Contreras Learning Complex - School of Business & Tourism
322 Lucas Ave
Distance between this listing and this school0.20 miles
Public District Grades 9-12
3
/10
Miguel Contreras Learning Complex - School of Social Justice
322 Lucas Ave
Distance between this listing and this school0.20 miles
Public District Grades 9-12
4
/10
Miguel Contreras Learning Complex - Academic Leadership Community
322 Lucas Ave
Distance between this listing and this school0.20 miles
The neighbors living near this home have an average income of $23,610. Most Los Angeles, CA residents have annual incomes less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 318 Columbia Ave
What is the listing price of this property?
The listing price of 318 Columbia Ave property is $2,950,000.
What type of property is this?
The property 318 Columbia Ave is a house located in Los Angeles, California, 90017.
Is this property for sale now?
Active Listing: 318 Columbia Ave is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 318 Columbia Ave has 11 bedrooms and 8 bathrooms.
What is the square footage of this property?
The property 318 Columbia Ave is 4,444 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 318 Columbia Ave is 1953.
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This home is located at 318 Columbia Ave in Los Angeles, CA and zip code 90017 in the Central LA neighborhood. This 4,444 square foot home, which was built in 1953, sits on a 0.16 acre lot. Features: 11 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since November 07, 2024 and is currently priced at $2,950,000.
Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. The number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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