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    716 Columbia Avenue

    Los Angeles (City), CA 90017
    • $1,299,000
    • STATUS: Active
    • ON SITE: 221 days
    • ID#: PW20186039
    UPDATED: 137 min ago
    $1,299,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,309
      SQFT
    • $563
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1890
    County:

    School Ratings & Info

    Description

    GET READY DEVELOPERS! Seldom does the opportunity come to obtain a prime location where this aging residential building sits. Just feet from bustling 7th street and the ever-growing westward commercial and residential expansion of downtown, this property and its 5,516 square feet of lot space is ready for your vision and creativity. Note that while tax rolls state SFR, property is actually a three unit building comprised of (2) two bed / 1 bath units and (1) one bed / one bath unit on the side of the building. Buyer to conduct their own diligence and satisfy themselves on zoning, permits, and suitability for future development. Seller is a trust and will sell property as part of a 1031 tax-exchange at no additional expense to buyer.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. 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/109783711
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    716 Columbia Avenue Los Angeles (City), CA 90017

    • Price: $1,299,000
    • Status: Active
    • Updated: 137 min ago
    • ID#: PW20186039
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,309
    SQFT
    $563
    $/SQFT
    1890
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    GET READY DEVELOPERS! Seldom does the opportunity come to obtain a prime location where this aging residential building sits. Just feet from bustling 7th street and the ever-growing westward commercial and residential expansion of downtown, this property and its 5,516 square feet of lot space is ready for your vision and creativity. Note that while tax rolls state SFR, property is actually a three unit building comprised of (2) two bed / 1 bath units and (1) one bed / one bath unit on the side of the building. Buyer to conduct their own diligence and satisfy themselves on zoning, permits, and suitability for future development. Seller is a trust and will sell property as part of a 1031 tax-exchange at no additional expense to buyer.
    Exterior Features

    Lot Features Level Number Of Separate Electric Meters 2 Open Parking Spaces 2 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Urban Electric Expense 1440 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 32088 Insurance Expense 960 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 15888 New Construction YN No New Taxes Expense 12000 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 16200 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 840 Water Sewer Expense 960 Water Source Public Zoning Lar3

    Listing provided courtesy of Chad Gordon of The Gordon Professional Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. 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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