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Image 1 - 318 Columbia Avenue, Los Angeles, CA 90017, USA - Townhouse for sale
Image 2 - 318 Columbia Avenue, Los Angeles, CA 90017, USA - Townhouse for sale
Image 3 - 318 Columbia Avenue, Los Angeles, CA 90017, USA - Townhouse for sale
Image 4 - 318 Columbia Avenue, Los Angeles, CA 90017, USA - Townhouse for sale
Image 5 - 318 Columbia Avenue, Los Angeles, CA 90017, USA - Townhouse for sale
Image 6 - 318 Columbia Avenue, Los Angeles, CA 90017, USA - Townhouse for sale
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Image 8 - 318 Columbia Avenue, Los Angeles, CA 90017, USA - Townhouse for sale
Image 9 - 318 Columbia Avenue, Los Angeles, CA 90017, USA - Townhouse for sale
Residential Income, Contemporary
318 Columbia Avenue, Los Angeles, CA 90017, USA

Residential Income, Contemporary

townhouse for sale
37 views
Listed: 02/13/23

318 Columbia Avenue, Los Angeles, CA 90017, USA

Studio Bed:
1 Bath:
Save
Price
$ 2M

About This Townhouse

Huge 300k Price Reduction! Once in a lifetime Opportunity 100% Vacant 6 Units with plans for 3 ADUs priced at only 261k/door in the Prime Westlake area. Amazing Value Add Fixer project with Incredible upside to almost a 7% Cap Rate and10.9 GRMafter 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. Large7, 084 SF R3-1Lot 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 ADUs1, 790 SFat 200/SF (358k)

Property Includes

  • Parking
  • Architecture Contemporary

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Westlake South Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.