316 Columbia Avenue
Los Angeles, CA 90017
11
Bed
8
Bath
4,444Sqft
7,086Sqft(Lot)
Huge 800k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing Current 8% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 11.4% Cap Rate and 6.7 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 & E
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 11Bathroom Information
Total Baths: 8Flooring Information
Laminate -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir
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Building Information
Year Built: 1953Building Area Total: 4444Private Pool: NoView: CityLights
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Lot Information
Main Square Feet: 7086 Lot Size Acres: 0.1627 Lot Size Square Feet: 7,086
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Listing Price Information
Listing Price: $2195000Original Price: $2250000
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Tax Information
Parcel Number: 5153026006
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Parking Information
Parking Total: 3
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Location Information
Direction: Just south of 3rd Street
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1344 W 4th Street, Los Angeles, CA, 90017 | $3,995,000 | -- | 20 | 7,700 | 5,414 Sq. Ft |
| 410 Witmer Street, Los Angeles, CA, 90017 | $1,825,000 | -- | 20 | 7,999 | 9,072 Sq. Ft |
| 401 Witmer Street, Los Angeles, CA, 90017 | $3,150,000 | 6 | -- | 8,776 | 6,020 Sq. Ft |
| 415 Loma Drive, Los Angeles, CA, 90017 | $1,795,000 | 10 | 9 | 5,404 | 9,668 Sq. Ft |
| 877 Francisco Street #1.., Los Angeles, CA, 90017 | $775,000 | 1 | 2 | 975 | 128,959 Sq. Ft |
| 511 S Union Avenue, Los Angeles, CA, 90017 | $3,150,000 | -- | 27 | 14,502 | 9,210 Sq. Ft |
| 1317 Linwood, Los Angeles, CA, 90017 | $1,550,000 | 6 | 5 | -- | 6,609 Sq. Ft |
| 1214 W 8th Street, Los Angeles, CA, 90017 | $3,685,000 | -- | -- | 12,936 | 8,118 Sq. Ft |
| 1545 Cambria, Los Angeles, CA, 90017 | $815,000 | 5 | 2 | 2,282 | 5,477 Sq. Ft |
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ByOwner last updated this listing 09/28/2026 @ 12:34
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