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$ 3,700,000
Est. payment /mo
New
717 Columbia AVE Los Angeles, CA 90017
5,749 Sqft Lot
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
Listed by Jonathan Minerick Homecoin.com 888-400-2513, DRE #01523060
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