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316 Columbia Avenue, Los Angeles, CA 90017

Property

For sale now

316 Columbia Avenue is on the market at $2,195,000 (11 bd · 8 ba · 4,444 sqft). See the current listing →

316 Columbia Avenue, Los Angeles, CA 90017 Sold February 2022 CRMLS
$1,000,000Sold February 2022

Listing Agent: Alex 'Zan' Sacker (DRE #01279796) · Listing Office: KW Advisors · Contact: 310-482-2200 · Bought with: Alex 'Zan' Sacker · KW Advisors · MLS #20626742 · Source: CRMLS

0
Bathrooms
7,084 sqft
Lot Size
1953
Year Built
Property
Type
None
Cooling
WallFurnace
Heating
CityLights
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How this sale compares

316 Columbia Avenue sold for $1,000,000 in February 2022, 13% under its $1,149,999 list price, after 500 days on the market. It was first listed at $1,249,999. Across 13 closed sales in 90017 over the last 12 months, the median sold price is $460,000 and the median is $540 per square foot.

$540
90017 median per sq ft (12 mo)
$460,000
90017 median sold price (12 mo)
13
Closed sales in 90017 (12 mo)
500
Days on market
−13%
Sold vs. list price
QuarterClosed sales in 90017Median sold price
Q1 20263$350,000
Q2 20266$684,000
Q3 20264$668,500

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90017

About this property

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. DO NOT DISTURB TENANTS.

Listing description from the February 2022 sale, as reported to CRMLS.

Sale history

$1,000,000
Sold February 2022 · listed $1,149,999, orig. $1,249,999, on market September 2020, 500 days on market · MLS #20626742 · Source: CRMLS
Listing Agent: Alex 'Zan' Sacker · Listing Office: KW Advisors · Contact: 310-482-2200 · Bought with: Alex 'Zan' Sacker · KW Advisors

Recent sales near 316 Columbia Avenue

MLS-reported closed sales in 90017, nearest first (last 12 months). All recent sales in Los Angeles →

Questions about 316 Columbia Avenue

When did 316 Columbia Avenue last sell?

316 Columbia Avenue last sold in February 2022 for $1,000,000, according to CRMLS-reported closed sales.

What did 316 Columbia Avenue sell for?

$1,000,000, 13% below the $1,149,999 list price, after 500 days on the market.

How does that compare to other Los Angeles sales?

13 homes closed in ZIP 90017 over the last 12 months at a median of $460,000 ($540 per square foot).

Is 316 Columbia Avenue for sale now?

Yes — 316 Columbia Avenue is currently on the market at $2,195,000. Open the current listing on Nalren for photos, details and the listing agent.

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