1658 Colby Avenue, Los Angeles, CA 90025

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
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1658 Colby Avenue,Los Angeles, CA 90025
$2,500,000
  • 7 Beds
  • 9 Baths
  • 5,464 sq. ft.
  • Multi-family
  • Pending
Listed by:susan lau
Office:coldwell banker realty
MLS#:25554857
Source:CRMLS

Price summary

  • Price:$2,500,000
  • Price per sq. ft.:$457.54

About this home

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

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Home facts

  • Year built:1967
  • Listing Id #:25554857
  • Added:65 day(s) ago
  • Updated:August 25, 2025 at 07:27 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:9
  • Living area:5,464 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1967
  • Building area:5,464 sq. ft.
  • Lot area:0.13 Acres

Finances and disclosures

  • Price:$2,500,000
  • Price per sq. ft.:$457.54
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