Multi-Family for sale in Southern California — $2,250,000. 11 beds · 8 baths · 4,444 sqft. Huge 750k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing Current 8% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to a…
$2,250,000
318 Columbia Avenue, Los Angeles, CA 90017
Huge 750k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing Current 8% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 11.6% Cap Rate and 6.8 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.
Listing updated: July 15, 2026 at 8:52 PM
Listed by: Alex 'Zan' Sacker, KW Westside Estates
Source: CRMLS, MLS#: 26832893, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/26/2026 Source: CRMLS, #26832893 | Price change | $2,250,000$506/sqft-4.3% |
| 5/18/2026Source: CRMLS, #26832893 | Listed for sale | $2,350,000$529/sqft |
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