$2,495,000

318 Columbia Avenue, Los Angeles, CA 90017

4,444 sqft

other
Built in 1953
6,970sqft lot
—— car garage
$561/sqft
Listed 1 day ago

Property Description

Huge 500k Price Reduction! Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 7.5% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 10.6% Cap Rate and 7.4 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:: February 6, 2026
Data Last Updated:: February 7, 2026 at 9:08PM
Listing Office:: KW Westside Estates : 310-482-2200
Listing Agent:: Alex 'Zan' Sacker : 310-560-1622
MLS ID:: CL26648217

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

Originating MLS: CRMLS
County: Los Angeles

Zoning: LAR35153026006
View: City Lights

Source: CRMLS

Presented by Veterans United Realty

This listing courtesy of Alex 'Zan' Sacker , KW Westside Estates

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Location

Schools Nearby

Gratts Learning Academy for Young Scholars (GLAYS)

309 Lucas Ave, Los Angeles, CA, 90017

Grades 2-6

0.14 miles away

Sal Castro Middle School

1575 W 2nd St, Los Angeles, CA, 90026

Grades 6-8

0.21 miles away

Miguel Contreras Learning Complex - Academic Leadership Community

322 Lucas Ave, Los Angeles, CA, 90017

Grades 9-12

0.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.