1658 Colby Ave | Los Angeles, CA 90025
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- LoopNet Team
1658 Colby Ave
Los Angeles, CA 90025
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Current GRM of 13.94, proforma GRM of 9.92, and proforma CAP rate exceeding 7%!
- Well-maintained 7-unit building with desirable unit mix: 1× 3BR+2.5BA, 4× 1BR+1BA, 1 studio, 1 bachelor.
- Brand-new electrical upgrade in 2025; plumbing is mostly copper; roof repaired in 2023
- Prime West LA location near Sawtelle Japantown with excellent Walk Score — highly attractive to tenants.
- Seismic retrofitting & balcony inspection completed ; 3 units remodeled
- Significant rental upside — over 42% potential increase through rent adjustments as units turn.
PROPERTY FACTS
| No. Units | 7 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 5,464 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1967 |
| Building Class | C | ||
| Zoning | LAR3 | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,464 SF |
| No. Stories | 2 |
| Year Built | 1967 |
| Zoning | LAR3 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+3 | 1 | $4,481 | - |
| 1+1 | 4 | $1,927 | - |
| Studios | 2 | $1,725 | - |
PROPERTY TAXES
| Parcel Number | 4261-012-021 | Improvements Assessment | $261,601 |
| Land Assessment | $302,621 | Total Assessment | $564,222 |
PROPERTY TAXES
Parcel Number
4261-012-021
Land Assessment
$302,621
Improvements Assessment
$261,601
Total Assessment
$564,222
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