318 Columbia Ave
Los Angeles,
CA
90017
Property Details
List Price: |
$2,695,000 |
Beds: |
11 |
Baths: |
-- |
Status: |
Active |
SqFt: |
4444 |
Agency: |
Keller Williams Santa Monica |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1953 |
Notes: |
Huge 200k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing 6.6% Cap Rate and 11.1 GRM from day 1! Additionally, there are nearly RTI plans to add 2 detached ADUs to achieve a remarkable 8.7% Cap Rate and 8.9 GRM on proforma. All 7 units have been completely remodeled from the studs with permits (2 Vacant) 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. |
MlsNumber: |
24-391261 |
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Listing Provided By: |
Keller Williams Santa Monica, original listing |
Name: |
Keller Williams Santa Monica |
Phone: |
(310) 482-2200 |
Office Name: |
KW Advisors |
Office Phone: |
(310) 482-2200 |
Agent Name: |
Alex 'Zan' Sacker |
Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |