717 Columbia AVE, Los Angeles, CA 90017
717 Columbia AVE, Los Angeles, CA 90017
717 Columbia AVE, Los Angeles, CA 90017
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Elvida Salazar

Elvida Salazar

+1(760) 801-9758
$3,330,000
Est. payment /mo
5,749 Sqft Lot
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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID TR26082104

HOA Y/N No

Year Built 1922

Lot Size 5,749 Sqft

Property Sub-Type Mixed Use

Property Description

717 Columbia Avenue presents a unique multifamily investment opportunity in the Westlake area of Downtown Los Angeles just West of the 110 Freeway and East of Koreatown. The 2-story wood frame/stucco property consists of a 37-unit residential building with a diverse unit mix that includes 1 single unit, 28 bachelor units (own bathroom with shower but no kitchen), and 8 single-room occupancy units - SRO (no bathroom and no kitchen). The property has a shared community kitchen for all units and community bathrooms for the 8 SRO units. The property is master metered for gas and electric and has no parking. Short distance to LA Live and Crypto Arena, the property benefits from strong rental demand driven by nearby employment centers, public transit access, and a wide range of dining, retail, and entertainment options. In addition, there are many nearby colleges. The small and efficient unit mix is well-suited to tenants seeking affordable living options within the city core. With its prime location and efficient unit configuration, 717 Columbia Avenue provides investors with the potential for steady cash flow and long-term appreciation in one of Los Angeles' most dynamic rental markets.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Heating Wall Furnace

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Unknown

Water Other

New Construction No

Others

Senior Community No

Tax ID 5142022006

Energy Description 22516.0

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by Jonathan Minerick Homecoin.com 888-400-2513, DRE #01523060

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Elvida Salazar

Elvida Salazar

+1(760) 801-9758

Realtor® | Property Management Specialist | License ID: DRE# 01775858

Realtor® | Property Management Specialist License ID: DRE# 01775858

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