318 Columbia Ave, Los Angeles, CA 90017
318 Columbia Ave, Los Angeles, CA 90017
318 Columbia Ave, Los Angeles, CA 90017
16
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$2,350,000
Est. payment /mo
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11 Beds
8 Baths
4,444 SqFt
New

318 Columbia Ave Los Angeles, CA 90017

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Candi Marshall

Candi Marshall

+1(702) 523-1759

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,444 sqft

Price per Sqft $528

MLS Listing ID 26832893

Style Contemporary

Bedrooms 11

Year Built 1953

Lot Size 7,086 Sqft

Acres 0.1627

Property Sub-Type Multi-Family

Property Description

Huge 650k 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 11.1% Cap Rate and 7 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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR3

Rooms

Other Rooms None

Dining Room 0

Interior

Heating Central

Cooling Air Conditioning, Central

Flooring Laminate

Equipment None

Exterior

Parking Features Detached

Garage Spaces 3.0

View Y/N Yes

View City Lights, City

Building

Story 2

Architectural Style Contemporary

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by KW Westside Estates

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Candi Marshall

Candi Marshall

Realtor & TV Host | RE.S.0072180

+1(702) 523-1759

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318 Columbia Ave