Central LA
316 Columbia Avenue
Los Angeles, California, 90017 United States

Sotheby's International Realty - Los Feliz Brokerage
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Listing image

316 Columbia Avenue

Situated just a short distance to Echo Park and downtown, sits this opportunity to have a great building in your portfolio to later develop if wanted.With the ability to build up to 15 units on this large lot, there is tremendous potential given its R3 zoning. Currently 6 units total (4 singles and 2 one bedrooms) with no vacancies or late rents all of which being long term. Two separate structures with plenty of onsite parking (8 total spaces). Below market rents with plenty of upside and low operating costs, one could collect rents while applying for permits and plans. With close proximity to Good Samaritan hospital and New Academy of Science and Art, Gratts Elementary and Primary schools, freeways, downtown, Staples Center, L.A. Live etc. Each unit separately metered for gas and electric. DO NOT DISTURB TENANTS.

Listing Courtesy of Keller Williams-Santa Monica
 
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Amenities & Features

  • Listing Details
    • Property ID
      20626742
    • MLS#
      20626742
    • Property type
      Residential Income
    • Courtesy Of
      Listing Courtesy of Keller Williams-Santa Monica
    • Status
      Available
    • Listing Price
      $1,149,999
    • Subdivision
      Not Applicable-C42
    • County
      Los Angeles County
    • School District
      Los Angeles Unified
  • Utilities & Building
    • Year Built
      1953
    • Lot Size Unit
      Acre(s)
    • Lot Size
      0.16