318 Columbia Ave, Los Angeles, CA, 90017
About This Home
Huge 650k 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 11.1% Cap Rate and 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.
Getting Around
Walker's Paradise
Rider's Paradise
BikeableSchools
Construction
Condition
- Year built: 1953
Type & Style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 11
- Bathrooms: 8
Features
- Flooring: Laminate
Heating & Cooling
- Heating features: Central
- Cooling features: Air Conditioning,Central Air
Interior Area
- Total structure area: 4,444
- Total interior livable area: 4,444 sqft
Property
Details
- Zoning: LAR3
- Special condition: Standard
- Other equipment: None
Features
- Levels: Multi/Split
- Stories: 2
- Has view: Yes
- View description: City Lights,City
Lot
- Lot size: 7,087 sqft
Parking
- Total spaces: 3
- Parking features: Detached
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,377 | $136,524 |
| Home Insurance * | $487 | $5,844 |
| Property Taxes | $1,256 | $15,072 |
| Electricity | $952 | $11,435 |
| Total | $14,072 | $168,864 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-13 | Price change | $2,350,000 |
| 2026-03-03 | Listed for sale | $2,425,000 |
| 2026-03-02 | Listing removed | $2,495,000 |
| 2026-02-06 | Listed for sale | $2,495,000 |
| 2026-02-03 | Listing removed | $2,495,000 |
| 2026-01-05 | Price change | $2,495,000 |
| 2025-12-01 | Price change | $2,575,000 |
| 2025-10-14 | Listed for sale | $2,650,000 |
| 2025-09-30 | Listing removed | $2,650,000 |
| 2025-09-22 | Price change | $2,650,000 |
| 2025-08-27 | Listed for sale | $2,795,000 |
| 2025-08-27 | Listing removed | $2,795,000 |
| 2025-07-22 | Price change | $2,795,000 |
| 2025-06-10 | Listed for sale | $2,995,000 |
| 2025-04-18 | Listing removed | $2,950,000 |
| 2025-01-14 | Listed for sale | $2,950,000 |
| 2024-11-15 | Listing removed | $2,950,000 |
| 2024-11-08 | Price change | $2,950,000 |
| 2024-11-07 | Listed for sale | $2,995,999 |
| 2024-10-14 | Listing removed | $2,595,000 |
| 2024-10-10 | Price change | $2,595,000 |
| 2024-10-01 | Listing removed | $2,666 |
| 2024-09-12 | Listed for sale | $2,650,000 |
| 2024-08-21 | Listing removed | $2,650,000 |
| 2024-08-13 | Listed for rent | $2,666 |
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