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316 Columbia Ave , Los Angeles, CA 90017
$2,195,000
Est. Payment: $11,722.84/mo
17 Bed
14 Bath
4444 Sqft
Status: Active | Days on site: 28
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CLW-X83921 - CLW-X55299
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Chris Heller
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House Description

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 & 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.
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Highlights

Listed by Alex 'Zan' Sacker , 310-560-1622 KW Westside Estates , 310-482-2200. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.16

Year Built

1953

County

Los Angeles

Area

C42 - Downtown L.A.

Listing ID

26866465

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:17
  • ▪ Bathrooms:14
  • ▪ Full Bathrooms:0
Air Cond:Central Air
Fireplaces:
Floor:Laminate

Exterior Features

Lot:No Land Lease
Garage Capacity:3
Zoning:LAR3
Others:
  • ▪ Additional:2+ Total Units
Principal Interest
$11,723
Taxes
$1,399

Home Price

$2,195,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$439,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$11,722.84

Principal

Taxes

Principal Taxes HOA Total
Monthly $11,722.84 $1,399.31 $0.00 $13,122.15
Yearly $140,674.04 $16,791.75 $0.00 $157,465.79
Total $4,220,221.06 $503,752.50 $0.00 $4,723,973.56

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T03:02:51.000Z

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