Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 7% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 10.1% Cap Rate and 7.8 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 & 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.
Listed by Alex 'Zan' Sacker
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License #01279796
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Keller Williams Los Angeles
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310-560-1622
Last updated October 22, 2025
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Source: CRMLS #25605343
Listing Facts
TypeMulti-family
NeighborhoodWestlake North
Bedrooms11
Days on Prevu8
Size4,444 sqft
Price per sqft$596
Amenities
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
10/14/2025
Listed by Keller Williams Los Angeles
$2,650,000
Property Details for 318 Columbia Avenue
Exterior
Construction
Number Of Units Total: 7
Stories Total: 2
Year Built: 1953
Architectural Style: Contemporary
Features
Direction Faces: West
View: City Lights
Measurements
Building Area Total: 4,444
Lot Size Acres: 0.16
Lot Size Area: 7,086
Lot Size Square Feet: 7,086
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 7.0
Gross Income: $242,601.00
Taxes
Parcel Number: 5153026006
Interior
Features
Flooring: Laminate
Measurements
Living Area: 4,444
Rooms
Bathrooms Total Integer: 8
Bedrooms Total: 11
Parking
Parking
Parking Total: 3
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
