Entity Owned Property summary
This exceptional 18-unit apartment building, located at 372 Columbia Avenue in Los Angeles, CA 90017, presents a compelling investment opportunity. Built in 1940, this two-story, 14,983 square foot building sits on a 22,792 square foot lot zoned LAR3. The property boasts a mix of one and two-bedroom units, including thirteen one-bedroom/one-bathroom, four two-bedroom/one-bathroom, and one two-bedroom/1.5-bathroom unit. Currently operating at 100% occupancy, the property generates a Net… Operating Income (NOI) of $156,355, representing a 5.13% cap rate. A pro-forma NOI of $281,453 projects a 9.23% cap rate. Recent capital improvements include a new roof (2020), staircase railing repairs (2021), and new water heaters in approximately half the units (2023), along with a voluntary foundation upgrade in 2015. The property features a gated courtyard, ample on-grade parking for approximately 19 vehicles, and many units retain original period details. Situated in the highly walkable Westlake neighborhood (Walk Score 91, Transit Score 92), the building benefits from its proximity to Downtown LA, major employers, public transportation (a 16-minute walk from the Metro B and D lines), and other desirable Los Angeles neighborhoods including MacArthur Park, Echo Park, Koreatown, and Wilshire Center. The asking price is $3,050,000, or $169,444 per unit. This property offers a blend of strong current performance and significant value-add potential.
Ownership intelligence
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Owner contacts
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Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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Comparables
6 recorded sales · 18 properties nearbyComparable nearby
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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