316 Columbia Avenue — Wise Choices Realty

$2,195,000 $494 / sqft Est. $11,099/mo

11
Beds: 8
Baths: 4,444
Sq Ft

Active Listed today

Listed By Alex 'Zan' SackerDRE #01279796

KW Westside Estates

Tom Schulze · Broker

Your inquiry will go to Tom Schulze, who is not the listing agent for this property.

Lot Size: 7,086 sqft
Year Built: 1953
Property Type: Residential income
Levels: Multi Split
View: Yes
HOA: No
Days on Market: Today

Huge 800k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing Current 8% Cap Rate from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 11.4% Cap Rate and 6.7 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.

Estimate a monthly payment

Home priceDown paymentDown %Interest rate %Term

—/mo

Principal and interest only. Property taxes, insurance and any HOA dues are not included and will increase this amount.

Estimates only, for your own planning. Not a loan offer, a pre-qualification, or a quote from any lender.

Features

Interior Features

Cooling: Central Air
Heating: Central
Flooring: Laminate

Exterior Features

View: City Lights

Market insights

Computed from CRMLS data for Los Angeles.

Property history

No prior MLS sale records.

Based on information from California Regional Multiple Listing Service, Inc. as of October 5, 2026 at 5:45 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any amount of compensation or commission stated is made only to participants of CRMLS or an MLS that has entered into a datashare agreement with CRMLS.