Views
Address
316 Columbia Avenue Los Angeles, CA
Price
$ 1,149,999
Property Attributes
  • MLS#20626742
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90017
  • StyleContemporary
  • Price$ 1,149,999
  • Bedrooms2
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage3409
  • Lot Size7,084 SqFt
Listing Provided Courtesy Of:
Alex 'Zan' Sacker with Keller Williams-Santa Monica
Data Source:
Combined LA/Westside MLS (CLAW) - 318 - CA
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.

Price History
9/1/2020 Listed $1,249,999
2/12/2021 9% - $1,149,999

General Features

Architectural Style Contemporary
Carport Y/N Yes
Community Features Gated
Cooling None
Facing Direction West
Heating Wall Furnace
Levels Multi/Split
Listing Agent Alex 'Zan' Sacker - BRE#01279796
Listing Agent State License 01279796
MLS Area C42 - Downtown L.A.
Pool Features None
Property Type Residential Income
Roof Composition
Security Features Gated Community, Smoke Detector(s)
Sewer Other
Spa Features None
Special Listing Conditions Standard
Status Active
Total Units 6
View City Lights
Zoning LAR3

Interior Features

Fireplace Features None
Heating Y/N Yes
Laundry Features Common Area, Outside

Exterior Features

Lot Size Acres 0.16
Lot Size Area 7084
Lot Size Square Feet 7084
Lot Size Units Square Feet
Number of Buildings 2
Parking Features Attached Carport, Covered, Carport, Detached Carport, Driveway Down Slope From Street, Driveway
View Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90017

Price
AVG $1.42M
$1.15M
Visits
AVG 9
173
Year Built
AVG 1917
1953
Walkscore
AVG 92
89
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.