$1,000,000
$1,149,999
13.0%For more information regarding the value of a property, please contact us for a free consultation.
316 Columbia AVE Los Angeles, CA 90017
3,409 SqFt
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,409 sqft
Price per Sqft $293
MLS Listing ID 20626742
Sold Date 02/17/22
HOA Y/N No
Year Built 1953
Lot Size 7,082 Sqft
Acres 0.1626
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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR3
Rooms
Ensuite Laundry Common Area, Outside
Interior
Laundry Location Common Area,Outside
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area, Outside
Exterior
Garage Attached Carport, Covered, Carport, Detached Carport, Driveway Down Slope From Street, Driveway
Pool None
Community Features Gated
View Y/N Yes
View City Lights
Roof Type Composition
Parking Type Attached Carport, Covered, Carport, Detached Carport, Driveway Down Slope From Street, Driveway
Total Parking Spaces 8
Private Pool No
Building
Faces West
Story 2
Entry Level Multi/Split
Sewer Other
Architectural Style Contemporary
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5153026006
Security Features Gated Community,Smoke Detector(s)
Special Listing Condition Standard
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Bought with Alex 'Zan' Sacker • KW Advisors