717 Columbia Avenue, Los Angeles, California 90017, Los Angeles, 90017 - 0 bed, 0 bath
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Los Angeles, California 90017
Analysis of 717 Columbia Avenue, Los Angeles, California 90017 is currently available with a list price of $3,700,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1922, this 100+ year old property shows signs of partial interior updates, including newer laminate flooring and modern tile work in some bathrooms. However, the building remains dated overall with master-metered utilities, wall-mounted heating units, and shared community kitchen/bathroom facilities that require ongoing modernization.
Situated in the high-demand Westlake area near LA Live and Crypto Arena, the property benefits from exceptional proximity to major employment hubs, entertainment, and public transit.
With 37 units, the property offers significant scale for a multifamily investment, catering to the robust demand for affordable, efficient housing in the city core.
The unit mix is perfectly positioned to attract a steady stream of tenants, including students from nearby colleges and urban workers seeking budget-friendly living options.
The property offers no parking spaces, which may limit the tenant pool and presents a management challenge in a dense urban area where parking is at a premium.
Gas and electric are master-metered, placing the burden of utility costs and consumption fluctuations on the owner, which can negatively impact net operating income.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1922 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 18, 2026
$3,700,000
Initial Listing
Mar 4, 2004
$975,000
Public Record
Feb 1, 2001
$412,000
Public Record