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240 Columbia Ave, Los Angeles, CA 90026
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240 Columbia Ave Los Angeles, CA 90026

$800,000 Sold Price as of 09/13/2022
  • 4 Beds
  • 3 Baths
  • 1,605 Sq.Ft.
Sold
$800,000 Sold Price as of 09/13/2022 Refinance Your Mortgage
Map preview of 240 Columbia Ave, Los Angeles, CA 90026

Property Overview: 240 Columbia Ave Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,605 living square feet and 1,832 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 240 Columbia Ave is a tenant-ready duplex in the 90026 Zip Code of Los Angeles, allowing a buyer to live in one unit and rent the other to cover the mortgage. This duplex is located in the highly sought-after market in Westlake, with the opportunity to cash flow immediately. Built in 1923, this property is modeled after many of the New York-style "Row Homes" just steps from Downtown L.A. The subject property has a great unit mix of (1) 2- Bed/1-Bath unit and (1) 2-Bed/2-Bath unit. This property operates at a 5.22% cap rate and a GRM of 13.87. All units have their own electric and gas meters and offer the opportunity to lock in a 30-year fixed residential loan on a cash-flowing asset in the heart of Los Angeles. 240 Columbia is minutes from Downtown L.A., Echo Park, Dodger Stadium, Koreatown, USC, and Silverlake. This neighborhood has shown growth in the rental market with rising rates year over year

Listed by Aaron Jacobson | BRE #02100737 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 10 minutes ago | Last updated: September 16th, 2022 | Source CRMLS | DOM: 45

Home details

Lot Sq. Ft
1,832
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB22143948
City
Los Angeles
County
Los Angeles
Time on Site
665 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Total Rent: $2,295
  • Pro Forma/Market Rent: $2,295
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.2%
  • Gross Rent Multiplier: 13.9
  • Gross Scheduled Income: $57,480
  • Net Operating Income: $41,565
  • Gross Operating Income: $55,756
Annual Expense Breakdown
  • Total Operating Expense: $14,190
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 240 Columbia Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s), Whole House Fan
Laundry Information
  • Has Laundry
  • Outside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5153016001
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: S. of Beverly Blvd E. of Union Ave
Neighborhood Information
  • Community Features: Biking, Curbs, Dog Park, Hiking, Park, Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 240 Columbia Ave

Last sold for $800,000 on September 13th, 2022

  • September, 2022

  • Sep 16, 2022

    Date

    Canceled

    CRMLS: SB22147538

    $799,000

    Price

  • Jul 21, 2022

    Date

    Active

    CRMLS: SB22147538

    $799,000

    Price

  • Listing provided courtesy of CRMLS

  • September, 2022

  • Sep 13, 2022

    Date

    Sold

    CRMLS: SB22143948

    $800,000

    Price

  • Jul 21, 2022

    Date

    Active

    CRMLS: SB22143948

    $799,000

    Price

  • September, 2021

  • Sep 24, 2021

    Date

    Price Change

    CRMLS: 21774424

    $835,000

    Price

  • Aug 24, 2021

    Date

    Active

    CRMLS: 21774424

    $839,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to Belmont Square! The historical resource designated Duplex, designed by architect David Julius Witmer will be delivered vacant and features a 2 bedroom 1 bathroom upstairs unit with granite counters and stainless steel appliances in the kitchen and a 2 bedroom 2 bathroom downstairs unit with quartz counters in the kitchen. Situated at the end of the "row homes," each unit has two direct entrances and the added benefits of AC, Heat, an updated main electrical panel, a Solar PV system, artificial turf in the outdoor space in addition to sewer line replacement and earthquake retrofit work. Centrally located near Downtown LA with easy access to freeways, transit, dining, and all the area has to offer!

  • October, 2016

  • Oct 31, 2016

    Date

    Sold (Public Records)

    Public Records

    $435,000

    Price

  • March, 2016

  • Mar 29, 2016

    Date

    Sold (Public Records)

    Public Records

    $215,000

    Price

Show More

Tax History for 240 Columbia Ave

Assessed Value (2020): $461,623
Year Land Value Improved Value Assessed Value
2020 $300,321 $161,302 $461,623

Home Value Compared to the Market

This property vs the competition

240 Columbia Ave sold on September 13, 2022 for 32.86% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $497.82 per/sqft which puts the price per square foot 34.06% lower than the current median sale per square foot for the city of Los Angeles.

About 240 Columbia Ave

Detailed summary of property

240 Columbia Ave is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 1,605 living square feet, and sits on an approximately 1,832 square foot lot. 240 Columbia Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $800,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 32.86% lower than the current median priced home. Local homes that are currently for sale include 1574 Donaldson, 1156 Fedora St and 1466 W 22nd St. While the average home in Los Angeles, CA is selling in 93 days, 240 Columbia Ave has a days on market of 45 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 240 Columbia Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 240 Columbia Ave

Public county record property details
Beds
4
Baths
3
Year built
1923
Sq. Ft.
1,605
Lot Size
1,831
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5153-016-001

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$766
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
73
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 240 Columbia Ave

224 Columbia Ave, Los Angeles, CA 90026
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$800,000 Last Sold Price
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237 Columbia Pl, Los Angeles, CA 90026
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1364 Sq.Ft.
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244 Columbia Pl, Los Angeles, CA 90026
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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