Overview
- 11
- 8
- 4444
- 1953
Description
Price Reduction! Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 7.25% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 10.4% Cap Rate and 7.6 GRM after taking into account all constructions costs (~566k assuming $250/SF). All 7 units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 4 (1bed/1bath) units, 2 (2bed/1bath) units, and 1 spacious brand-new (3bed/2bath) unit. Additionally, the major systems have been updated including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. Large 7,084 SF R3-1 Lot TOC Tier 2 with future development potential. Excellent Westlake location just steps away from the trendy Echo Park, FilipinoTown, DTLA, and Koreatown.
Address
Open on Google Maps- Address Columbia
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90017
Details
Updated on December 3, 2025 at 4:07 am- Property ID: HZ25605343
- Price: $2,575,000
- Property Size: 4444 Sq Ft
- Bedrooms: 11
- Bathrooms: 8
- Year Built: 1953
- Property Status: ResidentialIncome
- Listed by: Alex 'Zan' Sacker
- DRE #: 01279796
- Contact Mail: zan@sackerlovell.com
- Brokered by: Keller Williams Los Angeles
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