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316 Columbia Ave
Los Angeles, CA 90017 Westlake North

$2,950,000 USD

Apartments For Sale • 4,444 SF

Property Details

Property Type Apartments
Total Building Size 4,444 SF
Lot Size 0.16 AC
Building Class B
Year Built 1953
Zoning R3-1

90 Transit Score

90 Walk Score

                
                    Highlights
                
                                Once in a lifetime 100% Fully renovated & 100% Occupied 7-unit apartment building with permits
                            
                                Cash flowing at an amazing 6% Cap Rate and 12.1 GRM from day 1
                            
                                Nearly RTI plans to add 2 detached ADUs to achieve a remarkable 8% Cap Rate and 9.6 GRM
                            
                                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 
                            
                                Individually Metered for Gas & Electricity

Property Flyers

November OM

Nearly RTI Plans 2 Detached ADUs - 318 S Columbia-1

Amenities

Storage Space

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	5 min	-	2.4 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	7 min	-	2.5 mi
Transit/Subway	Drive	Walk	Distance
Grand Ave Arts / Bunker Hill Station (Metro A-Line - Metro - Los Angeles, Metro E-Line - Metro - Los Angeles)	2 min	17 min	0.9 mi
Westlake/Macarthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	19 min	1.0 mi
7Th Street/Metro Center Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro), Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro), Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	20 min	1.1 mi
Airport	Drive	Walk	Distance
Bob Hope	24 min	-	13.7 mi
Los Angeles International	25 min	-	15.0 mi
Long Beach (Daugherty Field)	31 min	-	23.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	Yes

Zan Sacker 310-560-1622 KW Advisors

316 Columbia Ave Los Angeles, CA 90017 Westlake North