318 Columbia Avenue
Los Angeles, CA 90017
11
Bed
8
Bath
4,444Sqft
7,086Sqft(Lot)
Huge 750k 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 11.6% Cap Rate and 6.8 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: $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 | 7,700 SqFt |
| 801 S Grand #1611, Los Angeles, CA, 90017 | $749,000 | 2 | 2 | 1,580 | 1,580 SqFt |
| 410 Witmer Street, Los Angeles, CA, 90017 | $1,895,000 | -- | 20 | 7,999 | 7,999 SqFt |
| 401 Witmer Street, Los Angeles, CA, 90017 | $3,150,000 | 6 | -- | 8,776 | 8,776 SqFt |
| 1100 Wilshire Boulevard.., Los Angeles, CA, 90017 | $465,000 | 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 |
| 1311 Ingraham Street, Los Angeles, CA, 90017 | $1,750,000 | 1 | -- | 10,380 | 10,380 SqFt |
| 767 Garland Avenue, Los Angeles, CA, 90017 | $1,000,000 | 5 | 2 | 4,410 | 4,410 SqFt |
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ByOwner last updated this listing 08/11/2026 @ 15:38
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