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325 Columbia Ave, Los Angeles, CA 90017
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325 Columbia Ave Los Angeles, CA 90017

$4,500,000 Sold Price as of 09/28/2022
  • 0 Beds
  • 35 Baths
  • 16,727 Sq.Ft.
Sold
$4,500,000 Sold Price as of 09/28/2022 Refinance Your Mortgage
Map preview of 325 Columbia Ave, Los Angeles, CA 90017

Property Overview: 325 Columbia Ave Los Angeles, CA has -- bedrooms, 35 bathrooms, 16,727 living square feet and 17,689 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 325 Columbia Avenue, a 35 unit, 16,727sf apartment building located in the Westlake neighborhood of Los Angeles. Built in 1922, the Subject Property contains 35 Studio apartments and boasts 22 off-streeet parking spaces, a rare amenity in this neighborhood.The Subject Property's curb appeal and amenities are comparable to other similarly aged apartment properties in the vicinity. New ownership has the opportunity to capture additional upside in rents through unit turnover, parking income and the installation of a RUBS program. Westlake/City West, located right outside Downtown's employment hub, is a bustling neighbor- hood with a rapidly gentrifying demographic. Westlake/City West is adjacent to other notable neighborhoods, including Echo Park, Pico Union, Downtown and Koreatown. The subject proper- ty's location is ideal as it is walking distance to thousands of jobs, transportation options and retail and dining amenities. Enjoying a Walk Score of 89 and Transportation Score of 90 means tenants can easily accomplish most errands and tasks on foot and have access to numerous public transportation options nearby.

Listed by Mark Konopaske | BRE #00960857 | Mark Konopaske
Last checked: 10 minutes ago | Last updated: September 30th, 2022 | Source CRMLS | DOM: 33

Home details

Lot Sq. Ft
17,689
HOA Dues
$0/mo
Year built
1922
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
22176043
City
Los Angeles
County
Los Angeles
Time on Site
664 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 35
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 35
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $873
  • Total Rent: $30,542
  • Pro Forma/Market Rent: $48,825
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.5%
  • Gross Rent Multiplier: 13.64
  • Gross Scheduled Income: --
  • Net Operating Income: $173,603
  • Gross Operating Income: $357,228
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 325 Columbia Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 22
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 35
  • Parcel Number: 5153019006
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of 3rd St, West of Lucas Ave
View more facts & features

Local Los Angeles Agent

Sale History for 325 Columbia Ave

Last sold for $4,500,000 on September 28th, 2022

  • September, 2022

  • Sep 28, 2022

    Date

    Sold

    CRMLS: 22176043

    $4,500,000

    Price

  • Jul 6, 2022

    Date

    Active

    CRMLS: 22176043

    $5,000,000

    Price

  • September, 2019

  • Sep 3, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 325 Columbia Ave

Assessed Value (2020): $2,139,707
Year Land Value Improved Value Assessed Value
2020 $1,120,893 $1,018,814 $2,139,707

Home Value Compared to the Market

This property vs the competition

325 Columbia Ave sold on September 28, 2022 for 320.17% higher 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 $298.92 per/sqft which puts the price per square foot 60.41% lower than the current median sale per square foot for the city of Los Angeles.

About 325 Columbia Ave

Detailed summary of property

325 Columbia Ave is a multi family that recently sold in Los Angeles, CA 90017. This multi family property offered -- bedrooms, 35 bathrooms, roughly 16,727 living square feet, and sits on an approximately 17,689 square foot lot. 325 Columbia Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $4,500,000. 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 320.17% higher than the current median priced home. Local homes that are currently for sale include 4171 W 4th St, 2176 S Venice Blvd and 1542 N Hoover St. While the average home in Los Angeles, CA is selling in 93 days, 325 Columbia Ave has a days on market of 33 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 325 Columbia Ave Los Angeles, CA 90017 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 325 Columbia Ave

Public county record property details
Beds
1
Baths
--
Year built
1922
Sq. Ft.
16,727
Lot Size
17,689
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5153-019-006

The source for these homes facts are from public records.

90017 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$639,999
Median List Price/Sq.Ft.
$722
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$478
Total Inventory
96
Median Sale to List Price %
98.54%
Avg Days on Market
55
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 325 Columbia Ave

316 Columbia Ave, Los Angeles, CA 90017
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316 Columbia Ave
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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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