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$2,495,000

  • For Sale
  • Active
  • Multi-Family
  • 11 Total Beds
  • Updated 11 days ago
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Huge 500k Price Reduction! Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 7.5% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 10.6% Cap Rate and 7.4 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.

Full Property Details for 318 Columbia Ave

General

  • Price: $2,495,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25605343
  • Updated: 1/5/2026
  • Added to Site: 95 day(s) ago

Interior

  • Rooms/Areas: Converted Garage, Other, Bonus Room
  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 8

Bedrooms

  • Total Bedrooms: 11

Additional Information

  • Other Features: None

Parking

  • Garage Description: Detached

Location

  • Area: Downtown L.A.
  • County: Los Angeles
  • Driving Directions: Just south of 3rd Street
  • Direction Faces: West

Heating & Cooling

  • Cooling Type: Air Conditioning, Central
  • Heating Type: Central

Structural Information

  • # Buildings: 2
  • Architectural Style: Contemporary
  • Stories/Levels: 2
  • Square Feet: 4,444
  • Sq. Ft. Source: Developer
  • Year Built: 1953
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 7
  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 21

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 6

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 7

  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 8

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 10

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 11

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 12

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 13

  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: City Lights, City
  • Lot Size (Acres): 0.1627
  • Lot Size: 7086
  • Lot Size Source: Vendor Enhanced
  • Zoning: LAR3

Financial Considerations

  • Price Per Sq. Ft.: $561.43
  • Assessment Year: 1953
  • Tenant Pays: Gas, Electricity, Trash Collection, Water

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 5153-026-006

Listed by KW Westside Estates, Alex 'Zan' Sacker

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Listing agent

— 318 Columbia Ave —

  • Alex 'Zan' Sacker

    KW Westside Estates

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 318 Columbia Ave

School District:Los Angeles Unified School District
NameGradesDistance
Gratts Learning Academy For Young Scholars (Glays)
309 Lucas Avenue, Los Angeles, CA 90017
2-60.1 mi
John H. Liechty Middle School
650 South Union Avenue, Los Angeles, CA 90017
7-80.4 mi
Belmont Senior High School
1575 West 2nd Street, Los Angeles, CA 90026
9-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 318 Columbia Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/05/2026
Price Reduced
$2,495,000
-3.11%
MLS
12/01/2025
Price Reduced
$2,575,000
-2.83%
MLS
10/14/2025
Listed
$2,650,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by KW Westside Estates, Alex 'Zan' Sacker

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318 Columbia Ave, Los Angeles, CA 90017 (MLS# 25605343) is a Multi-Family property with units containing 11 bedrooms and 0 full bathrooms. 318 Columbia Ave is currently listed for $2,495,000 and was received on October 14, 2025. Want to learn more about 318 Columbia Ave? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

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