318 Columbia Avenue, Los Angeles, CA 90017

• 11 beds |
• 8 baths |
• 4,444 sqft

Property Description

Huge 750k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing Current 8% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 11.6% Cap Rate and 6.8 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.

Listing Status:

Active

Date Added:

May 18, 2026

Data Last Updated:

July 5, 2026 at 3:17AM

Listing Office:

KW Westside Estates : 310-482-2200

Listing Agent:

Alex 'Zan' Sacker : 310-560-1622

MLS ID:

26832893

Interior

• Flooring: Laminate
• A/C: Central Air
• Heating: Central

Exterior

• Style: Contemporary
• Parking: Parking spaces: 3

Construction

• General: 2

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: LAR35153026006
• View: City LightsView

Financial

• Source: CRMLS_CL