Log In/Sign Up
Your email has been sent.
Existing 7.25% Cap Rate with upside to 10.4% 316 Columbia Ave 7 Unit Apartment Building $2,575,000 ($367,857/Unit) 7.25% Cap Rate Los Angeles, CA 90017
INVESTMENT HIGHLIGHTS
- Once in a lifetime 100% Fully renovated & 100% Fully occupied 7-unit apartment building with permits
- RTI plans to add 6 detached ADUs while taking into account all constructions costs (~$250/SF ~566k)
- Cash flowing at an amazing 7.25% Cap Rate from day 1 with upside to 10.4% Cap Rate and 7.8 GRM
EXECUTIVE SUMMARY
Price Reduction! Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 7.25% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 10.4% Cap Rate and 7.6 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.
PROPERTY FACTS
| Price | $2,575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $367,857 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.25% | Building Size | 4,444 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.4 | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1953/2023 |
| Property Type | Multifamily | Parking Ratio | 1.35/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3-1 - Restricted Density Multiple Dwelling | ||
| Price | $2,575,000 |
| Price Per Unit | $367,857 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Sale Condition | Redevelopment Project |
| Gross Rent Multiplier | 10.4 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 4,444 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1953/2023 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | R3-1 - Restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (90)
PROPERTY TAXES
| Parcel Number | 5153-026-006 | Improvements Assessment | $106,120 |
| Land Assessment | $955,087 | Total Assessment | $1,061,207 |
PROPERTY TAXES
Parcel Number
5153-026-006
Land Assessment
$955,087
Improvements Assessment
$106,120
Total Assessment
$1,061,207
1 of 17
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Existing 7.25% Cap Rate with upside to 10.4% | 316 Columbia Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.