1658 Colby Avenue Los Angeles, CA 90025
7 bed / 9 bath / 5,464 Sq. Ft. / 5,502 Sq. Ft., 0.126 acres lot size / Other
Status: Sold
{{listPriceUS ? listPriceUS : listPriceNoSuffix}}
{{listPriceUS ? listPriceUS : listPriceNoSuffix}}
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.
property details
Type
Other
Status
Closed
County
Los Angeles
Year Built
1967
Beds
7
Sq. Ft.
5,464
Lot Size
5,502 Sq. Ft., 0.1 acres
Listing Id
25554857
Courtesy Of
Susan Lau Caldre: 01516710 - Coldwell Banker Realty +1 213-220-5466
List Office Phone
+1 310 820 6651
Interior Features
Appliances
Oven
Refrigerator
Dryer
Washer
Refrigerator
Dryer
Washer
Fireplace
Bath
Dining Room
Kitchen
Dining Room
Kitchen
Flooring
Tile
Carpet
Carpet
Living Area Units
Sq. Ft.
Bathrooms Total
9
Exterior Features
Parking
Attached
Attached Garage Carport
Attached Garage Carport
Stories
2
Parking Spaces
7
Utility & Building Info
Sewer
Other
Parcel Number
4261012021
Heating
Wall Furnace
Building Area Total
5,464 Sq. Ft.
Price Per Sq Ft
$458
Architectural Style
2 Story
 |
| The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. |
Price History
| date | event | price | source |
|---|---|---|---|
|
08/12/2025
08/12/2025
|
Pending |
$2,500,000
|
CA Regional MLS (CRMLS) |
|
06/20/2025
06/20/2025
|
Active |
$2,500,000
|
CA Regional MLS (CRMLS) |
View More
Market Trends
Source: Constellation1
Mortgage Calculator
Estimated Mortgage Payment
Your total payment will be
{{ currency_symbol }}{{ parseInt(monthlyMortgage).formatThousands(0) }}
- Principal {{ parseInt(priciplePayment).formatThousands(0) }}
- Interest {{ parseInt(interestPayment).formatThousands(0) }}
({{ downPaymentFormatted }})
(Years)
Estimate does not reflect Property Tax, PMI or Homeowner Insurance. Mortgage Calculator provided by Berkshire Hathaway HomeServices.
