318 Columbia Ave | Image 1
New
318 Columbia Ave | Image 2
318 Columbia Ave | Image 3
318 Columbia Ave | Image 4
318 Columbia Ave | Image 5
318 Columbia Ave | Image 6
318 Columbia Ave | Image 7

$2,425,000

For Sale

11 hours ago

MLS® 26658625

11 Bed

8 Bath

4444 sqft

3 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 4444 sqft
Garage No
HOA Fees 
Taxes 
Days Active 0
Approx. Age 1953
Avg. Price Per Sqft $545
MLS® Number 26658625

Property Address: 318 Columbia Ave, Los Angeles, CA, 90017-1218

Average square foot calculated using Size range provided by listing agent.

Description

Huge ~600k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing Current 7.75% Cap Rate and 9.7 GRM from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 10.8% Cap Rate and 7.2 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.
MLS® Number26658625
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1953
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 3, 2026List Date
$2,425,000List Price
  • Commute

Commute

Starting Address
Destination Address
318 Columbia Ave, Los Angeles, CA

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