316 Columbia Avenue , Los Angeles, CA - 90017 is For Sale

  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
  • 20626742
$1,149,999· Income property

Description

Situated just a short distance to Echo Park and downtown, sits this opportunity to have a great building in your portfolio to later develop if wanted.With the ability to build up to 15 units on this large lot, there is tremendous potential given its R3 zoning. Currently 6 units total (4 singles and 2 one bedrooms) with no vacancies or late rents all of which being long term. Two separate structures with plenty of onsite parking (8 total spaces). Below market rents with plenty of upside and low operating costs, one could collect rents while applying for permits and plans. With close proximity to Good Samaritan hospital and New Academy of Science and Art, Gratts Elementary and Primary schools, freeways, downtown, Staples Center, L.A. Live etc. Each unit separately metered for gas and electric. DO NOT DISTURB TENANTS.

Features

MLS#: 20626742
List Price : $1,149,999
Total Units : 6
Gross Operating Income : $64,732
Net Operating Income : $41,149
Sq M : 658 M2
Year Built : 1953
Days on market : 457 Days
Gross taxes : N/A
Address : 316 Columbia Avenue
City : Los Angeles
State : CA
Zip Code : 90017
Neighborhood : N/A
Fireplace Features : None
Stories : 2
Laundry : Community, Outside
Parking Features : Carport, Attached Carport, Detached Carport, Driveway, Covered, Driveway Down Slope From Street
Sale Type : Standard
Spa : None
View : City Lights
 
Property Type : Residential Income
Property Style : Contemporary
Original List Price : $1,149,999
Acres : 0.16
Lot Size (Acres) : 0.16
Heating : Wall Furnace
Sewer : Other
Parking Features : Carport, Attached Carport, Detached Carport, Driveway, Covered, Driveway Down Slope From Street
Pool Desc : None
Security Safety : Gated Community, Smoke Detector(s)
Cooling : None
Roofing : Composition
Driving Directions : Westlake which is west of the 110 freeway and downtown Los Angeles
 
Courtesy of : Alex 'Zan' Sacker , Keller Williams-Santa Monica

Location

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