John E Burge

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717 Columbia AvenueLos Angeles, CA 90017

Multi-Family · 9,936 Sq. ft. | 0.13 Acres
$3,330,000 Active

717 Columbia Avenue Overview

Time on Site:
73 days
Visits:
0

717 Columbia Avenue presents a unique multifamily investment opportunity in the Westlake area of Downtown Los Angeles just West of the 110 Freeway and East of Koreatown. The 2-story wood frame/stucco property consists of a 37-unit residential building with a diverse unit mix that includes 1 single unit, 28 bachelor units (own bathroom with shower but no kitchen), and 8 single-room occupancy units - SRO (no bathroom and no kitchen). The property has a shared community kitchen for all units and community bathrooms for the 8 SRO units. The property is master metered for gas and electric and has no parking. Short distance to LA Live and Crypto Arena, the property benefits from strong rental demand driven by nearby employment centers, public transit access, and a wide range of dining, retail, and entertainment options. In addition, there are many nearby colleges. The small and efficient unit mix is well-suited to tenants seeking affordable living options within the city core. With its prime location and efficient unit configuration, 717 Columbia Avenue provides investors with the potential for steady cash flow and long-term appreciation in one of Los Angeles’ most dynamic rental markets.

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717 Columbia Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 9,936
  • Price/Sq.ft. $335
  • Lot 0.13 Acres

Details

General

Association/HOA

  • Common Interest: None

Income/Expenses

  • Fuel Expense: 22516.0
  • Gross Income: 31200.0
  • Gross Scheduled Income: 374404.0
  • Net Operating Income: 200868.0
  • New Taxes Expense: 46250.0
  • Operating Expense: 162303.0
  • Trash Expense: 7632.0

Building Information

  • New Construction: No
  • Year Built: 1922

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: 699 - Not Defined
  • Postal City: LOS ANGELES

Community/Development

  • Community Features: Sidewalks

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Submit
  • Parcel Number: 5142022006
  • Property Sub Type: Mixed Use
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 9936.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1
  • Laundry Features: Common Area
  • Stories Total: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.132
  • Lot Size Area: 5749.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5749.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Other

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Number Of Units Total: 37
  • Pool Features: None
  • Pool Private: No
  • Sewer: Unknown

717 Columbia Avenue Neighborhood

Community

90017 (Los Angeles) Demographics

32
Median Age
38,321
Population Density (per sq. mile)
38%
College Educated
$36,870
Estimated Median Income
630
Estimated Total Home Owners
11,308
Estimated Total Renters
5% / 95%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

717 Columbia Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

717 Columbia Avenue Market Data

Based on the last 30 days in this zip code

$641,389
Average List Price
$676
Average Price per Square Foot
8
Properties Sold
131
Average Days on Market
270
Properties for Sale
Calculations provided by Reliance Network

717 Columbia Avenue History

Date Event Value Agent
5/19/2026Source: CRMLS Price Reduction
$3,330,000 -10.0%
4/18/2026Source: CRMLS Added to Database
April 18, 2026
Listing provided courtesy of Homecoin.comJonathan Minerick- MLS# TR26082104MLS ProviderContact Information: 888-400-2513
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