240 Columbia Avenue, Los Angeles CA

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