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6 Units with Upside in Downtown Los Angeles

316 Columbia, Los Angeles, California 90017

$1,149,999
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles
6 Units with Upside in Downtown Los Angeles

Property Details

Beds2 Baths6 Garage0 Lot Size7,084 sq. ft
Year1953 Bldg Size3,409 sq. ft

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.

Property Type Commercial, Income, Investment

Property Status:

Property Features

PDF P&L

Location

316 Columbia, Los Angeles, California 90017

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