CA > Los Angeles
Los Angeles, CA 90025,1658 Colby AVE
Los Angeles, CA 90025,1658 Colby AVE
Los Angeles, CA 90025,1658 Colby AVE
25
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$2,500,000
Est. payment /mo
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7 Beds
9 Baths
5,464 SqFt
New

1658 Colby AVE Los Angeles, CA 90025

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Darren Schneider

Darren Schneider

Coldwell Banker West

+1(619) 987-3113

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,464 sqft

Price per Sqft $457

MLS Listing ID 25554857

Bedrooms 7

HOA Y/N No

Year Built 1967

Lot Size 5,501 Sqft

Property Description

1658 Colby Ave presents a rare opportunity to acquire a well-maintained 7-unit multifamily asset in the heart of West Los Angeles. The property features a DESIRABLE UNIT MIX: one 3-bedroom + 2.5-bath unit, four 1-bedroom + 1-bath units, one studio unit, and one bachelor unit. The required SEISMIC RETROFITTING has been COMPLETED, and a brand-new ELECTRICAL UPDATE was completed in 2025. Plumbing is MOSTLY COPPER, and some units have been updated. Priced at $2,500,000, the property offers investors stable cash flow with significant VALUE-ADD potential over 42% RENTAL UPSIDE. It is being offered at a current GRM of 14.07, with a proforma GRM of 9.92 and a proforma CAP rate EXCEEDING 7%, highlighting the strong income growth achievable through rent adjustments as units turn.Additional features include 7 on-site parking spaces and owned on-site laundry. Located in prime West Los Angeles, just steps from the vibrant Sawtelle Japantown, the property boasts an excellent Walk Score, offering tenants convenient access to renowned dining, shopping, and entertainment a highly desirable location that supports strong rental demand. Full OM available.

Location

State CA

County Los Angeles

Area Wla - West Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Flooring Carpet, Tile

Fireplaces Type Bath, Dining Room, Kitchen

Fireplace Yes

Appliance Oven, Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Attached Carport

Community Features Gated

View Y/N Yes

View City Lights

Attached Garage Yes

Total Parking Spaces 7

Building

Faces East

Story 2

Entry Level Two

Sewer Other

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4261012021

Security Features Gated Community

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Susan Lau • Coldwell Banker Realty

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Darren Schneider

Agent | License ID: 01241609

+1(619) 987-3113

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1658 Colby AVE