$ 3,330,000
-
$3,330,000
Price -
36
Bed -
30
Bath -
9,936
SqFt
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About the Listing PB2195 - TRMINEJON
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.
Listing Highlights
Status
Active
Days on Site
46
Property Type
Multi-Family
MLS ®
TR26082104
Year Built
1922
Total Square Footage
9,936
Lot/Acreage
0.13
County
Los Angeles
Area
699 - Not Defined
Interior Details
- Bedrooms: 36
- Bathrooms: 30 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Other
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others: 2+ Total Units
- Sewer: Unknown
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5142022006
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
717 Columbia Ave Los Angeles, CA 90017
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