240 Columbia Ave, Los Angeles, CA 90026

240 Columbia Ave, Los Angeles, CA 90026

Los Angeles, CA

Property Description


  • Great Duplex in the heart of Westlake
  • Opportunity to cash flow immediately with a 5.22% cap rate with both units rented
  • Fantastic opportunity for an investor to utilize 30 Year Residential financing and be cash flow positive
  • This fully vacant building gives the buyer the opportunity to live in one unit and rent the other to supplement the mortgage
  • Great unit mix of (1) 2-Bed/1-Bath and (1) 2-Bed/2-Bath units
  • Minutes from Downtown L.A., Echo Park, and Dodger Stadium


240 Columbia Ave is a fully vacant 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 offers 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.


Property Features

  • Sale Price: $800,000
  • Area Size: 1,605 Sq. Ft.
  • Land Area: 1,832 Sq. Ft.
  • Year Built: 1923
  • Listing Date: 7/6/2022
  • Closing Date: 9/13/2022
  • Units: 2
  • Current GRM: 13.90
  • Current Cap Rate: 5.20%
  • Price Per Unit: $399,500
  • Market GRM: 13.90
  • Market Cap Rate: 5.20%