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240 Columbia Avenue

Los Angeles (City), CA 90026
  • $799,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: SB22143948
UPDATED: 81 min ago
$799,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Aaron Jacobson of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Cameron Samimi of ()


Description

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

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T22:29:15.347. 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 deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
www.itsyourmovesandiego.com/homes/131108018
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240 Columbia Avenue Los Angeles (City), CA 90026

  • Price: $799,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 81 min ago
  • ID#: SB22143948
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1923
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
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
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 2 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Cooling Whole House FanWall/Window Unit(S) Cooling YN Yes

Property Features

Additional Parcels YN No Cap Rate 5.2 Common Interest None Community Features BikingCurbsDog ParkHikingParkStreet LightsSidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 57480 Gross Scheduled Income 57480 Insurance Expense 0 Land Lease YN No Laundry Features Outside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 41565 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 14190 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T22:29:15.347. 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 deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
 
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Massa & Associates Real Estate Group | eXp California Realty Inc
848 Prospect St
La Jolla CA, 92037
Listing Agent(s): Aaron Jacobson of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Cameron Samimi of ()