USACALos Angeles1658 Colby Ave
1658 Colby Ave | Image 1

$2,500,000

Sold

9 months ago

1658 Colby Ave, Los Angeles, CA

MLS® 25554857

7 Bed

9 Bath

5464 sqft

7 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 5464 sqft
Garage No
HOA Fees 
Taxes 
Approx. Age 1967
Avg. Price Per Sqft $457
MLS® Number 25554857

Property Address: 1658 Colby Ave, Los Angeles, CA, 90025-3052

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number25554857
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
Exterior
GarageNo
Approx. Age1967
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Aug 11, 2025End Date
$2,440,000Sold Price

Sold

Jun 20, 2025List Date
$2,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
1658 Colby Ave, Los Angeles, CA

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