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    316 Columbia Avenue

    Los Angeles (City), CA 90017
    • $1,149,999
    • STATUS: Active
    • ON SITE: 229 days
    • ID#: 20626742
    UPDATED: 135 min ago
    $1,149,999
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,409
      SQFT
    • $337
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T21:42:52.41. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/109595389
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    316 Columbia Avenue Los Angeles (City), CA 90017

    • Price: $1,149,999
    • Status: Active
    • Updated: 135 min ago
    • ID#: 20626742
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,409
    SQFT
    $337
    $/SQFT
    1953
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    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.
    Exterior Features

    Architectural Style Contemporary Carport YN Yes Direction Faces West Entry Location Ground Level W/Steps Parking Features Attached CarportCoveredCarportDetached CarportDriveway Down Slope From StreetDriveway Pool Features None Pool Private YN No Roof Composition Spa Features None Spa YN No View City Lights View YN Yes

    Interior Features

    Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Community Features Gated Gross Income 64732 Laundry Features Common AreaOutside Levels Multi/Split Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 41149 Possession Close Of Escrow Security Features Gated CommunitySmoke Detector(S) Senior Community YN No Sewer Other Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3

    Listing provided courtesy of Alex 'Zan' Sacker of Keller Williams-Santa Monica


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T21:42:52.41. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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