318 Columbia Avenue Los Angeles, CA 90017

Cluster Residence

11 Beds

8 Baths

4,444 Sq. Ft.

0.16 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 11/14/2024 10:47 PM

Listing Details

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. Continue reading

MLS#

24460519

Property Type

Cluster

Status

Bedrooms

Bathrooms

Year Built

1953

Square Feet

4,444 sq. ft

Lot Size