Back

1 of 16

2 of 16

3 of 16

4 of 16

5 of 16

6 of 16

7 of 16

8 of 16

9 of 16

10 of 16

11 of 16

12 of 16

13 of 16

14 of 16

15 of 16

16 of 16

316 Columbia Ave
Los Angeles, CA 90017 Westlake North

$2,575,000 USD

Apartments For Sale • 4,444 SF

Property Details

Property Type Apartments
Total Building Size 4,444 SF
Lot Size 0.16 AC
Building Class B
Year Built 1953
Zoning R3-1

90 Transit Score

91 Walk Score

                
                    Highlights
                
                                Once in a lifetime 100% Fully renovated & 100% Fully occupied 7-unit apartment building with permits
                            
                                 Cash flowing at an amazing 7.25% Cap Rate from day 1 with upside to 10.4% Cap Rate and 7.8 GRM
                            
                                 RTI plans to add 6 detached ADUs while taking into account all constructions costs (~$250/SF ~566k)

Property Flyers

6 Detached ADUs - Approved RTI Plans - 318 S Columbia

100% Renovated 7 Units - 318 S Columbia

Amenities

24 Hour Access
Controlled Access
Storage Space
Tenant Controlled HVAC
Heating
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Public Transportation
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	6 min	-	2.4 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	8 min	-	2.4 mi
Transit/Subway	Drive	Walk	Distance
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	19 min	1.0 mi
7th Street/Metro Center Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro), Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro), Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Bob Hope	24 min	-	13.7 mi
Los Angeles International	26 min	-	15.0 mi
Long Beach (Daugherty Field)	32 min	-	23.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	Yes

Zan Sacker 310-560-1622 Keller Williams Los Angeles

316 Columbia Ave Los Angeles, CA 90017 Westlake North