318 Columbia Avenue
Los Angeles, CA 90017
11
Bed
0
Bath
4,444Sqft
7,086Sqft(Lot)
Huge 650k 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 11.1% Cap Rate and 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 & Ele
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 11Bathroom Information
Total Baths: 8 Full Baths: 0 Half Baths: 0 -
Interior Features
Flooring: Laminate -
Cooling Features
Central Air Air ConditioningHeating Source
Central Has Heating
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Building Information
Year Built: 1953 Building Area Total: 4,444
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1627 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7086
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Listing Price Information
Original List Price: 2,350,000 Listing Contract Date: 2026-05-18 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5153026006
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas,Trash Collection,Water
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Other Property Info
Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Postal Code Plus 4: 1218 Directions: Just south of 3rd Street Zoning: LAR3 Source Property Type: Residential Income Area: C42 - Downtown L.A. -
Building and Construction
Property Age: 73 Year Built Source: Vendor Enhanced Total Square Feet Living: 4444 Levels or Stories: Multi/Split
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 801 S Grand #1611, Los Angeles, CA, 90017 | $749,000 | 2 | 2 | 1,580 | 1,580 SqFt |
| 401 Witmer Street, Los Angeles, CA, 90017 | $3,150,000 | 6 | -- | 8,776 | 8,776 SqFt |
| 1100 Wilshire Boulevard.., Los Angeles, CA, 90017 | $475,000 | 1 | 1 | 680 | 680 SqFt |
| 877 Francisco Street #1.., Los Angeles, CA, 90017 | $775,000 | 1 | 2 | 975 | 975 SqFt |
| 517 Loma, Los Angeles, CA, 90017 | $3,200,000 | -- | -- | 8,704 | 8,704 SqFt |
| 889 Francisco Street #3.., Los Angeles, CA, 90017 | $498,000 | -- | 1 | 480 | 480 SqFt |
| 717 Columbia Avenue, Los Angeles, CA, 90017 | $3,330,000 | -- | -- | 9,936 | 9,936 SqFt |
| 1247 W 8th Street, Los Angeles, CA, 90017 | $1,300,000 | 8 | -- | 6,762 | 6,762 SqFt |
| 1531 Cambria Street, Los Angeles, CA, 90017 | $1,150,000 | 4 | -- | 2,496 | 2,496 SqFt |
| 1545 Cambria, Los Angeles, CA, 90017 | $925,000 | 5 | 1 | 2,282 | 2,282 SqFt |
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ByOwner last updated this listing 06/21/2026 @ 15:20
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