318 Columbia Avenue, Los Angeles, CA 90017

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
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318 Columbia Avenue,Los Angeles, CA 90017
$2,795,000
  • 11 Beds
  • 8 Baths
  • 4,444 sq. ft.
  • Multi-family
  • Active
Listed by:alex 'zan' sacker
Office:keller williams los angeles
MLS#:25543895
Source:CRMLS

Price summary

  • Price:$2,795,000
  • Price per sq. ft.:$628.94

About this home

Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 6.5% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 9.6% Cap Rate and 8.1 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 #:25543895
  • Added:66 day(s) ago
  • Updated:August 13, 2025 at 01:21 PM

Rooms and interior

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

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Furnace

Structure and exterior

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

Finances and disclosures

  • Price:$2,795,000
  • Price per sq. ft.:$628.94
Based on information from California Regional Multiple Listing Service, Inc. as of August 16, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 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.

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