1658 Colby Avenue, Los Angeles, CA 90025 - Berkshire Hathaway HomeServices California Properties

1658 Colby Avenue, Los Angeles, CA 90025

$2,500,000 Approx. USD 7 beds, 9 baths
5,464 sqft

Listing Agent


Susan Lau | susanlau@gmail.com
Lic#: 01516710
Broker: Courtesy of Coldwell Banker Realty

Co Listing Agent


Eric Sackler | ericsackler@gmail.com
Lic#: 01057377
Broker: Courtesy of Coldwell Banker Realty

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25554857
Price: $2,500,000
Beds: 7
Baths: 9
Bath,Dining Room,Kitchen fireplaces
Built in 1967
5,464 sqft
2 stories
0.13 acres
Lot size: 0.1263
County: Los Angeles
Property style: Mid-Century Modern
Zoning: LAR3
Appliances: Oven,Refrigerator,Dryer,Washer
Parking description: Attached Carport
Heating description: Wall Furnace
MLS area: WLA - West Los Angeles

Last Updated: 6/27/2025

 Days On Market (DOM): 22

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This listing belongs to the WLA - West Los Angeles MLS area

The style of this listing is Mid-Century Modern.
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Lat/Long: 34.043818, -118.451418.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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