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… Read More 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. Read Less
Property listed by Coldwell Banker Realty, Susan Lau 310-820-6651
Listing Snapshot
Days Online
17
Last Updated
Property Type
Other
Beds
7
Square Ft.
5,464
Lot Size
0.13 Acres
Year Built
1967
MLS Number
25554857
30 Days Snapshot Of 90025
$1.36M
-2%
(avg) sold price
21
+16%
homes sold
65
+3%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Living area: 5464, Built in 1967, Building area total: 5,464, Levels: Two, 2 stories, 1 building, Architectural style: MidCenturyModern
Appliances & Equipment
Oven, Refrigerator, Dryer, Washer
Community
Gated
Fireplaces
Bath, DiningRoom, Kitchen
Floors
Carpet, Tile
Heating
WallFurnace
Income
Gross income: $177,714, Net operating income: $110,576
Laundry
CommonArea
Lot
0.1263 acres, 5,500 square feet, Size: 5,500
Parking
7 totals parking, AttachedCarport
Property
Zoning: LAR3, CityLights
Security Features
GatedCommunity
Tenant Pays
CableTv, Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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