316 Columbia Avenue
316 Columbia Avenue
$1,000,000
4
6
3,409
3,409
$293
Sold 2/17/22
Description
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...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.
- Listed by Alex 'Zan' Sacker • DRE #01279796 • Brokerage DRE #01854200 • KW Advisors
Property Details for 316 Columbia Avenue
Water Front
None
ZoningLAR3
StyleContemporary
Parcel Number5153026006
Total Units6.0
Living Area3409
Source Living AreaAssessor
AreaDowntown L.A. (C42)
Location
LISTING UPDATED: 02/17/2022 12:58 PM
Property Details for 316 Columbia Avenue
Status | Sold |
---|---|
MLS # | 20-626742 |
Days on Market | 500 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1953 |
Lot Size | 0.16 AC / 7,084 SF |
County | Los Angeles County |
Location
Building Information for 316 Columbia Avenue
Stories2Residences-Year Built1953Building Size-Lot Size0.16 AC / 7,084 SF
Payment Calculator
$6,569 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 316 Columbia Avenue
Property History for 316 Columbia Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 316 Columbia Avenue
Taxable ValueLand$918,000Additions$102,825Total$1,020,825
Tax Record2023$13,339 ($1,112 / month)
Home Facts
Total Finished SqFt4,444 SqFtAbove Grade Finished SqFt4,444 SqFtLot Size7,084 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningLAR3CountyLOS ANGELESAPN5153-026-006
Schools near 316 Columbia Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
John H. Liechty Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
Belmont Senior High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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