216 Columbia Place

Los Angeles, CA 90026

$895,000
Price
2
Beds
2
Baths
1,364 Sq. Ft.
$656 / Sq. Ft.
1,364
Sq. Ft.
$656
per Sq. Ft.

Description

Great Investment Property! Located on a quaint walk street. Both units have been updated. Both units are separately metered for all services including water. There are no landlord utility expenses. Kitchens are updated with stainless steel appliances. Bathrooms have modern walk -in showers with subway tile. Washer/Dryer inside each unit with rolling barn doors. Laminate flooring throughout. Close to downtown entertainment.Great Investment Property! Located on a quaint walk street. Both units have been updated. Both units are separately metered for all services including water. There are no landlord utility expenses. Kitchens are updated with stainless steel appliances. Bathrooms have modern walk -in showers with subway tile. Washer/Dryer inside each unit with rolling barn doors. Laminate flooring throughout. Close to downtown entertainment.

Listing Agents

  1. Lisa Martin

    Lisa Martin

    Listing Agent

    Compass

    DRE #01997294

  2. Alecia Yelich

    Alecia Yelich

    Alternative Listing Agent

    Compass

    DRE #01989561

Property Details for 216 Columbia Place

Zoning
LAR3
Parcel Number
5153016037
Total Units
2.0
Living Area
1364
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
none
Lot Size Area
1227
LISTING UPDATED: 09/29/2024 11:53 AM

Property Details for 216 Columbia Place

StatusActive
MLS #24-444733
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.03 AC / 1,227 SF
CountyLos Angeles County

Building Information for 216 Columbia Place

Stories-Residences-Year Built1923Building Size-Lot Size0.03 AC / 1,227 SF

Property Information for 216 Columbia Place

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Rental
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $49,980
  • Net Operating Income: $30,240.00
  • Gross Income: $49,980
  • Cap Rate: 3.55%
  • Gross Rent Multiplier: $16.00
  • Total Annual Expense: 19740
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0282
  • Lot Size Square Feet: 1227
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate
  • Equipment: Dishwasher, Dryer, Washer, Refrigerator, Range/Oven, Garbage Disposal
  • Common Walls: Attached
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-29-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,265.00
  • Unit Actual Rent: $2,265.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $204,000.00
  • Assessed Improvement Percent: 26.67
  • Assessed Land Value: $561,000.00
  • Assessed Land Percent: 73.33
  • Assessed Total Value: $765,000.00

Property History for 216 Columbia Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 216 Columbia Place

Taxable ValueLand$572,220Additions$208,080Total$780,300
Tax Record2023$9,337 ($778 / month)
Home Facts
Total Finished SqFt1,364 SqFtAbove Grade Finished SqFt1,364 SqFtLot Size1,197 SqFtStyleDuplexYear Built1923ZoningLAR3CountyLOS ANGELESAPN5153-016-037

Schools near 216 Columbia Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sal Castro Middle School
Public6 to 8

Miguel Contreras Learning Complex School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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216 Columbia Place is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on September 25, 2024 by Compass, it's currently listed at $895,000. It has been on the market for a total of 6 days and was last sold on May 6, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Gratts Learning Academy For Young Scholars (Glays), Sal Castro Middle School and Miguel Contreras Learning Complex School. 216 Columbia Place is a 2-bed, 2-bath, 1,364 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Lisa Martin, DRE #01997294; Compass, Alecia Yelich, DRE #01989561

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.