Views
Address
316 Columbia Avenue Los Angeles, CA
Price
$ 1,149,999
Property Attributes
  • MLS#0020626742
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90017
  • StyleContemporary
  • Price$ 1,149,999
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Keller Williams-Santa Monica
Data Source:
California Desert Association of REALTORS
Property 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 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.

Price History
9/16/2020 Listed $1,249,999
2/12/2021 9% - $1,149,999

General Features

Accessibility Other
Architectural Style Contemporary
Heating Wall Furnace
Levels Multi/Split
MLS Area C42 - Downtown L.A.
Parking Features None, Carport, Driveway, Attached Carport, Covered, Driveway Down Slope From Street, Detached Carport
Roof Composition
Security Features Smoke Detector(s), Gated Community
Senior Community Y/N No
Structure Type None
View City Lights
Zoning LAR3

Interior Features

Air Conditioning Y/N No
Fireplace Features Outside
Fireplace Y/N No
Heating Y/N Yes
Laundry Features None, Community
Total Stories 2

Exterior Features

Foundation Details None
Land Lease Type Fee
Lot Size Acres 0.16
Lot Size Area 7084.0
Lot Size Square Feet 7084.0
Lot Size Units Square Feet
Numberofunitsbuildings 2
Pool Y/N? No
Spa No
View Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90017

Price
AVG $2.72M
$1.15M
Visits
AVG 157
9
Year Built
AVG 1925
1953
Walkscore
AVG 91
89
Data Provided by Walkscore ® not using MLS data

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