7-Unit Renovated Apartment
For Sale
$2,250,000
316 Columbia Ave, Los Angeles, CA 90017
Permitted renovations include updated interiors, major systems, and exterior improvements across a varied unit mix.
Property Size4,444 SF
Lot Size0.16 Acres
Days on Market40
Property Features for 316 Columbia Ave
General Information
Standard status
Active
Size
4,444 SF
Lot size
0.16 Acres
Property subtype
MULTI_FAMILY
Zoning
R3-1
Units
Unit Mix
4 x 1BR/1BA, 2 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
7
Additional Details
Cap Rate
8%
Building Details
Building Size
4,444 SF
Year Built
1953
Buildings
1
Listing Agency:
KW Westside Estates
Listed By:
Alex 'Zan' Sacker · License #01279796
Source:
Milsteinestates
Added: Jul 31
Changed: Sep 8
Last Checked: Sep 8 at 8:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Westside Estates
Investment Insights
Based on property information with market context.
This 7-unit apartment building has undergone permitted renovation from the studs, with modern kitchens, refreshed bathrooms, updated flooring and lighting, new HVAC systems, and substantial exterior capital work. The unit mix includes four 1-bedroom/1-bath units, two 2-bedroom/1-bath units, and one newly built 3-bedroom/2-bath unit. Electrical, plumbing, windows, and other major systems have also been upgraded, while gas and electricity are separately metered for each unit.
The property occupies a 7,084 SF R3-1 lot within TOC Tier 2. Fully approved RTI plans provide for six detached ADUs, subject to completion of the planned construction. The building is located on Columbia Ave in Los Angeles, near Echo Park, FilipinoTown, DTLA, and Koreatown. Current operations are associated with an 8% cap rate.
The property occupies a 7,084 SF R3-1 lot within TOC Tier 2. Fully approved RTI plans provide for six detached ADUs, subject to completion of the planned construction. The building is located on Columbia Ave in Los Angeles, near Echo Park, FilipinoTown, DTLA, and Koreatown. Current operations are associated with an 8% cap rate.
Key Highlights
- 7,084 SF R3‑1 lot designated TOC Tier 2
- Permitted renovation of all 7 units, including interiors and major building systems
- Unit mix: 4 1bed/1bath, 2 2bed/1bath, and 1 3bed/2bath
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
9,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 90017, CA
27,295
Population
15,953
Households
1.7
Avg Household Size
33
Median Age
36%
College-Educated
72%
High-School Grad
0.7 sq mi
ZIP Area
38,993
Density / Sq Mi
$51,317
Median Household Income
$35,076
Median Earnings
$1,669
Median Rent
$675,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Permitted renovations include updated interiors, major systems, and exterior improvements across a varied unit mix.
Where is this apartment building located?
The property is located at 316 Columbia Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 7,084 SF R3‑1 lot designated TOC Tier 2; Permitted renovation of all 7 units, including interiors and major building systems; Unit mix: 4 1bed/1bath, 2 2bed/1bath, and 1 3bed/2bath
