Date
Details
Price
Change
Source
7/31/2026
Listed
$2,250,000
—
MLS
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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$2,250,000 Just Listed
Property Description
Huge 750k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing Current 8% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 11.6% Cap Rate and 6.8 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
Full Property Details for 318 Columbia Ave
General
- Price: $2,250,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 26866465
- Updated: 8/3/2026
- Added to Site: 5 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: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 2
- Bedrooms: 3
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Total Bathrooms: 1
- Bedrooms: 2
Unit 7
- Total Bathrooms: 1
- Bedrooms: 1
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.: $506.3
- 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
We Value Your Privacy
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Listing agent
— 318 Columbia Ave —
Alex 'Zan' Sacker
KW Westside Estates
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 318 Columbia Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Gratts Learning Academy For Young Scholars (Glays) 309 Lucas Avenue, Los Angeles, CA 90017 | 2-6 | 0.1 mi |
Belmont Senior High School 1575 West 2nd Street, Los Angeles, CA 90026 | 9-12 | 0.2 mi |
Miguel Contreras Learning Complex School 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.2 mi |
Contreras Learning Center-Los Angeles School Of Global Studies 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.2 mi |
Academic Leadership Community School 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.2 mi |
Contreras Learning Center-School Of Social Justice 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.2 mi |
Edward R. Roybal Learning Center 1200 Colton Street, Los Angeles, CA 90026 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 318 Columbia Ave
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Estimate the Cost for 318 Columbia Ave
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318 Columbia Ave, Los Angeles, CA 90017 (MLS# 26866465) is a Multi-Family property with units containing 11 bedrooms and 0 full bathrooms. 318 Columbia Ave is currently listed for $2,250,000 and was received on July 31, 2026. 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.