318 Columbia Ave, Los Angeles, CA 90017

Huge 200k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing 6.6% Cap Rate and 11.2 GRM from day 1! Additionally, there are nearly RTI plans to add 2 detached ADUs to achieve a remarkable 8.7% Cap Rate and 8.9 GRM on proforma. All 7 units have been completely remodeled from the studs with permits (3 Vacant) 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 (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.

• Attic
• Barbecue Area
• Basement
• Deck
• Disabled Access
• DBL Pane Windows
• Fireplace
• Gated Entry
• Greenhouse
• Hot Tub Spa
• Pool
• RV Parking
• Sauna
• Security System
• Sprinkler System
• Vaulted Ceiling
• Wet Bar
• Heating Systems
• New Construction
• Waterfront

• Parking: