741 Columbia Avenue, Los Angeles, CA 90017
741 Columbia Avenue, Los Angeles, CA 90017
Property Description
Potential annual rental income for 9 bedrooms of $121,200 to over $175,200 for rooms and car parking, neighboring house renting rooms at $1125/month per room. Interior has been completely demoed/gutted for a full new renovation. Zoned R-3 Not a historical resource. LADBS has substandard until property is renovated and habitable. LADBS approved architect plan for 2 master/2 bath, 6 beds/2 bath, 1 kitchen, 1 office, newly built 2 car garage, 2294 sf, total 8 beds/4 baths. We have LADBS approved permits for all the necessary repairs including electrical and plumbing. LADBS approved permits: 22041-10000-58345 X22LA16734 Electrical Issued 11/8/2022 New electrical work. 22042-10000-23893 X22LA16735 Plumbing Issued 11/8/2022 Plumbing. Easy short walking distance to USC, USC Bovard College, Loyola Law School 0.2 miles, grocery, restaurants, fast food, Dodger Stadium, Crypto Center and many businesses, restaurants, stores and shops. Very conveniently located near numerous businesses and stores.
Features & Amenities
Property Details
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Comparative Market Analysis
Residential Tier · 5 active · 5 closed
Los Angeles · Single Family Residence
Listed 40.1% below the median closed sale of $1,316,000. Price per sqft ($344) is a 54% discount to closed comps ($753).
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1011 20th | Los Angeles | 1907 | 7 | 4 | 2,511 | 5,916 | $538 | $1.35M | 75 | 83 |
| 1107 Mariposa Avenue | Los Angeles | 1904 | 8 | 5 | 2,588 | 5,901 | $638 | $1.65M | 102 | 83 |
| 10334 Tujunga Canyon | Los Angeles | 1922 | 7 | 5 | 2,200 | 5,328 | $450 | $989,899 | 82 | 82 |
| 1801 43rd Street | Los Angeles | 1913 | 7 | 4 | 2,200 | 6,253 | $682 | $1.50M | 162 | 82 |
| 2326 Riverdale Avenue | Los Angeles | 1928 | 8 | 5 | 2,640 | 4,837 | $625 | $1.65M | 19 | 80 |
| Total: 5 · Average | 7.4 | 4.6 | 2,427.8 | 5,647 | $586.6 | $1.43M | 88 | |||
| Median | 2,511 | $1.50M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3026 6th Avenue | Los Angeles | 1915 | 10/09/2026 | 4 | 4 | 2,224 | 5,751 | $1.25M | $1.32M | $592 | 1.05 | 41 | 79 |
| 1216 Virgil Avenue | Los Angeles | 1905 | 10/09/2026 | 4 | 4 | 1,826 | 5,751 | $1.40M | $1.30M | $712 | 0.93 | 36 | 76 |
| 2407 Orange | Los Angeles | 1922 | 10/09/2026 | 4 | 3 | 2,102 | 4,802 | $1.29M | $1.27M | $604 | 0.98 | 71 | 75 |
| 2530 Amherst | Los Angeles | 1947 | 10/08/2026 | 3 | 3 | 2,135 | 4,999 | $2.30M | $2.27M | $1,066 | 0.99 | 54 | 75 |
| 2137 Santa Ynez Street | Los Angeles | 1925 | 10/08/2026 | 2 | 3 | 2,088 | 4,995 | $1.70M | $1.65M | $790 | 0.97 | 116 | 73 |
| Total: 5 · Average | 3.4 | 3.4 | 2,075 | 5,259.6 | $1.56M | $1.56M | $752.8 | — | 63.6 | ||||
| Median | 2,102 | $1.32M | $1.32M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.