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318 Columbia Ave

318 Columbia Ave Los Angeles, CA 90017

Multi-Family (2-4 Units) MLS #: 25-482313 Courtesy Of Keller Williams Santa Monica

$2,950,000

11 beds | 4,444 sq ft
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Estimated monthly payments: $12,896/mo.* (recalculate)
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Property InformationDescription

Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 6% Cap Rate and 12 GRM from day 1! Additionally, there are nearly RTI plans to add 2 detached ADUs to achieve a remarkable 8% Cap Rate and 9.6 GRM on proforma. 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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Features

  • Age: Over 50 Years Old
  • Amenities: Dock
  • Architecture Style: Contemporary
  • Floor Covering: Laminate
  • Heating System: Central Furnace
  • Lot Size: 0.16 Acres
  • Rooms: Bonus Room
  • View Type: City

MAP & DIRECTIONS

MAP & DIRECTIONS

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318 Columbia Ave, Los Angeles, CA 90017
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School Information

318 Columbia Ave, Los Angeles, CA 90017

Elementary School
Grades KG-1 | Public School
PARA LOS NINOS - EVELYN THURMAN GRATTS PRIMARY
Los Angeles, CA 90017
Distance: 0.5 mi
Elementary School
Grades 2-6 | Public School
GRATTS LEARNING ACADEMY FOR YOUNG SCHOLARS (GLAYS)
Los Angeles, CA 90017
309 Lucas Ave
213.­250.2932
Distance: 0.1 mi
School Rating
C
Student:Teacher Ratio
23:1
Total Students
362
Middle School
N/A
High School
Grades 9-12 | Public School
MIGUEL CONTRERAS LEARNING COMPLEX - SCHOOL OF GLOBAL STUDIES
Los Angeles, CA 90017
322 Lucas Ave
213.­240.3850
Distance: 0.2 mi
School Rating
D
Student:Teacher Ratio
17:1
Total Students
321
High School
Grades 9-12 | Public School
MIGUEL CONTRERAS LEARNING COMPLEX - SCHOOL OF SOCIAL JUSTICE
Los Angeles, CA 90017
322 Lucas Ave
213.­240.3896
Distance: 0.2 mi
School Rating
D+
Student:Teacher Ratio
24:1
Total Students
465
High School
Grades 9-12 | Public School
MIGUEL CONTRERAS LEARNING COMPLEX - SCHOOL OF BUSINESS & TOURISM
Los Angeles, CA 90017
322 Lucas Ave
213.­240.3840
Distance: 0.2 mi
School Rating
C-
Student:Teacher Ratio
18:1
Total Students
397
High School
Grades 9-12 | Public School
MIGUEL CONTRERAS LEARNING COMPLEX - ACADEMIC LEADERSHIP COMMUNITY
Los Angeles, CA 90017
322 Lucas Ave
213.­240.3815
Distance: 0.2 mi
School Rating
C-
Student:Teacher Ratio
22:1
Total Students
477
High School
Grades 9-12 | Public School
BELMONT HIGH SCHOOL
Los Angeles, CA 90026
1575 W 2nd St
213.­241.4300
Distance: 0.2 mi
School Rating
D+
Student:Teacher Ratio
18:1
Total Students
690
High School
Grades 9-12 | Public School
ROYBAL LEARNING CENTER
Los Angeles, CA 90026
1200 Colton St
213.­580.6400
Distance: 0.6 mi
School Rating
C+
Student:Teacher Ratio
19:1
Total Students
856
Other Nearby Schools Distance Type Grades School Rating
N.e.w. Academy Of Science And Arts 0.1 mi Public KG-5 C-
Para Los Nios - Evelyn Thurman Gratts Primary School 0.2 mi Public KG-2
Harris Newmark Continuation 0.2 mi Public 9-12 F
Sal Castro Middle School 0.2 mi Public 6-8 C-
Alliance Ted K. Tajima High School 0.4 mi Public 9-12 A-
Union Avenue Elementary 0.4 mi Public PK-5 C-
Camino Nuevo Charter High School 0.4 mi Public 9-12 F
John Liechty Middle School 0.4 mi Public 6-8 C-
Special Education-infant/preschool Program 0.5 mi Public
Esperanza Elementary 0.5 mi Public KG-5 C+
Los Angeles Academy Of Arts And Enterprise 0.5 mi Public 6-12 D
Our Lady Of Loretto Elementary School 0.6 mi Private KG-8
Camino Nuevo Charter Academy 0.6 mi Public KG-8 C
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Los Angeles, CA 90017

Median Age: 34
Married: 19%
Number of Households: 10,855
Households with Children: 21.4%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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