318 Columbia Ave, Los Angeles, Los Angeles County, CA, 90017 Los Angeles CA US
Property Details
2
2
Westlake
MultiFamily
Description
Price Reduced by 150k! Once in a lifetime Opportunity 100% Vacant 6 Units with plans for 3 ADUs priced at only 278k/door in Prime Westlake area. Amazing Value Add Fixer project with Incredible upside to 6.4% Cap Rate and 11.6 GRM after renovations. Preliminary plans to add 3 ADUs including 1 Attached 3 bed 2 bath unit in Garages + 2 detached one-bedroom units in the parking area. 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. Individually Metered for Gas & Electricity. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes construction costs of 3 ADUs 1,790 SF at 200/SF (358k) Find out more about this property. Request details here
Location
Address
318 Columbia Avenue, Los Angeles, California 90017, United States
City
Los Angeles
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