858-525-5007

318 Columbia, Los Angeles CA 90017 | $2,650,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 7086 Lot Sq Ft
  • Type:
  • Stories: 2
  • Year Built: 1953
  • MLS#: 25605343
  • Community: C42 - Downtown L.A.

Listing provided courtesy of Alex 'Zan' Sacker of Keller Williams Los Angeles. Last updated 2025-11-07 09:11:20.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.16 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985