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318 Columbia Avenue Los Angeles, CA 90017
$2,995,000 11 beds, 8 baths
4, 444 sqft
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Photo of Jesse Hlubik

Jesse Hlubik REALTORĀ® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
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Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Agent Remarks

Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 6% Cap Rate and 12.1 GRM from day 1. Preliminary plans to add 6 detached ADUs to achieve a remarkable 9% Cap Rate and 8.6 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25543895
List price is $2,995,000
Beds: 11
Baths: 8
Built in 1953
4,444 sqft
0.16 acres
Lot size: 0.1627
County: Los Angeles
Property style: Contemporary
Zoning: LAR3
Heating/cooling: Central Air
Heating description: Central
MLS area: C42 - Downtown L.A.

Last Updated: 6/14/2025

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This listing belongs to the C42 - Downtown L.A. MLS area

The style of this listing is Contemporary.
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Lat/Long: 34.058788, -118.264569.
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Listing Agent: Alex 'Zan' Sacker
Lic#: 01801928
Office Name: Sherman Oaks

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Jesse Hlubik

Jesse Hlubik REALTORĀ® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com

Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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