372 Columbia Avenue is an 18-unit courtyard apartment community in the Westlake District of Los Angeles (90017), immediately adjacent to Downtown LA and Echo Park. It is being offered for sale for the first time in over 40 years, providing investors with an opportunity to acquire a value-add opportunity in one of LA's stable and dynamic neighborhoods. Built in 1940, 372 Columbia Avenue, a garden-style apartment community attracts residents who appreciate the asset's style, spacious apartments, and proximity to major Los Angeles employers. 372 Columbia features an exceptional unit composition consisting of One (1) 2 Bedroom | 1.5 Bathroom, Four (4) 2 Bedroom | 1 Bathroom units, and Thirteen (13) 1 Bedroom | 1 Bathroom units. 372 Columbia Avenue comprises +/- 14,983 SF of improvements and is sited on a +/- 22,792 SF parcel zoned LAR3. Most apartment units are accessed through a gated landscaped courtyard. Resident parking is accessed via a secured driveway and features approximately Nineteen (19) on-grade parking spaces. Many units still feature period designs and details prevalent in 1940s garden-style properties, namely large spacious units, dedicated dining rooms/breakfast nooks, bay windows, ornamental window shutters, ironwork, crown molding, and many built-ins and closets. Select units offer stunning views of Downtown Los Angeles and the towering skyline. In recent years, current ownership has completed several meaningful capital expenditures, such as new water heaters in nearly half the units (2023), replacement/repair of all the building's staircase railings (2021), re-roofing with Class A materials (including tear-off) (2020), and voluntary foundation upgrade and bracing (2015). Due to its proximity to some of LA's most sought-after cities, 372 Columbia Avenue is an attractive rental option. Westlake is adjacent to Downtown Los Angeles, MacArthur Park, Rampart Village, Echo Park, Koreatown, and Wilshire Center. It has a Walk Score of 91 and a Transit Score of 92, offering world-class access to public transportation. 372 Columbia Avenue is a few blocks from the Metro B Line (Red) and the Metro D Line (Purple) at the Westlake / MacArthur Park Station stop.
Property Details
Property Features
Property Information:
Year Built: 1940
Stories: 2
Living Area: 14,526 SqFt
Listing Office:
Office Name: KW Commercial Studio City
Office Phone: (818) 432-1500
Listing Agent: Nick Astrupgaard
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 23
Exterior Features
Parking Information:
Parking: Covered, Uncovered
Lot Features
Lot Information:
Lot Size: 0.52 Acres
School Info
Assigned Schools Information:
Contreras Learning Center-Academic Leadership Community, Public District Grades 9-12
Contreras Learning Center-Los Angeles School of Global St, Public District Grades 9-12
Contreras Learning Center-School of Social Justice, Public District Grades 9-12
John H. Liechty Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Gratts Learning Academy For Young Scholars (Glays), Public District Grades KG-6
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: Great location in Westlake neighborhood, close to DTLA and Echo Park.
Price Information
Listing Price Info
Price Summary:
List Price: $3,050,000
Price Per SqFt: $210/SqFt
Tax Information:
Annual Amount: $11,889
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.0M more than the Median Sold Price and $430/SqFt less 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: #24456587
Listing Office:
Office Name: KW Commercial Studio City
Office Phone: (818) 432-1500
Listing Agent: Nick Astrupgaard
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: 10/27/2024, 2:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$11,889
$801,128
2020
$11,590
$789,351
2019
$11,169
$773,874
2018
$16,920
$758,701
2017
$16,920
$1,246,354
History based on county public records data.
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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.
Elementary School
4
/10
Gratts Learning Academy For Young Scholars (Glays)
309 Lucas Ave
Distance between this listing and this school0.18 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.95 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school23.49 miles
Public Magnet Grades 1-5
Middle School
4
/10
John H. Liechty Middle School
650 S Union Ave
Distance between this listing and this school0.30 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.66 miles
Public District Grades 6-8
High School
3
/10
Contreras Learning Center-Academic Leadership Community
322 Lucas Ave
Distance between this listing and this school0.26 miles
Public District Grades 9-12
2
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school0.26 miles
Public District Grades 9-12
3
/10
Contreras Learning Center-School of Social Justice
322 Lucas Ave
Distance between this listing and this school0.26 miles
Public District Grades 9-12
Assigned Schools
4
/10
Gratts Learning Academy For Young Scholars (Glays)
309 Lucas Ave
Distance between this listing and this school0.18 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.95 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school23.49 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
John H. Liechty Middle School
650 S Union Ave
Distance between this listing and this school0.30 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.66 miles
Public District Grades 6-8
Nearby Schools
4
/10
Sal Castro Middle School
1575 W 2nd St
Distance between this listing and this school0.27 miles
Public District Grades 6-8
Assigned Schools
3
/10
Contreras Learning Center-Academic Leadership Community
322 Lucas Ave
Distance between this listing and this school0.26 miles
Public District Grades 9-12
2
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school0.26 miles
Public District Grades 9-12
3
/10
Contreras Learning Center-School of Social Justice
322 Lucas Ave
Distance between this listing and this school0.26 miles
The neighbors living near this home have an average income of $23,610. Typical income of Los Angeles, CA residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 372 Columbia Ave
What is the listing price of this property?
The listing price of 372 Columbia Ave property is $3,050,000.
What type of property is this?
The property 372 Columbia Ave is a house located in Los Angeles, California, 90017.
Is this property for sale now?
Active Listing: 372 Columbia Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 372 Columbia Ave are: Gratts Learning Academy For Young Scholars (Glays): GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Academy For Enriched Sciences: GreatSchools Rating 9/10John H. Liechty Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Contreras Learning Center-Academic Leadership Community: GreatSchools Rating 3/10Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 2/10Contreras Learning Center-School of Social Justice: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $11,889 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 372 Columbia Ave has 23 bedrooms and 19 bathrooms.
What is the square footage of this property?
The property 372 Columbia Ave is 14,526 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 372 Columbia Ave is 1940.
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This home is located at 372 Columbia Ave in Los Angeles, CA and zip code 90017 in the Central LA neighborhood. This 14,526 square foot home, which was built in 1940, sits on a 0.52 acre lot. Features: 23 bedrooms, 19 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $3,050,000.
In September 2024, from all listings sold in Los Angeles, CA there were more than 532 sold above asking price, over 619 sold below and more than 180 were sold right at the asked price. The inventory of homes for sale in Los Angeles, CA between August 2024 and September 2024 increased by 10.6%. Listings spent 36 days on the market in September 2024, and had a median list price of $1,012,476 during the same period.
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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