318 Columbia Avenue, Los Angeles, CA 90017

Local realty services provided by:Nelson Shelton Real Estate ERA Powered
318 Columbia Avenue,Los Angeles, CA 90017
$2,650,000
  • 11 Beds
  • 8 Baths
  • 4,444 sq. ft.
  • Multi-family
  • Active
Listed by:alex 'zan' sacker
Office:keller williams los angeles
MLS#:25583031
Source:CRMLS

Price summary

  • Price:$2,650,000
  • Price per sq. ft.:$596.31

About this home

Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 7% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 10.1% Cap Rate and 7.8 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.

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Home facts

  • Year built:1953
  • Listing ID #:25583031
  • Added:602 day(s) ago
  • Updated:September 27, 2025 at 04:25 AM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:8
  • Living area:4,444 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Year built:1953
  • Building area:4,444 sq. ft.
  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$2,650,000
  • Price per sq. ft.:$596.31
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