We are thrilled to offer an exclusive opportunity to acquire 1619 Colby Avenue, an exceptionally renovated 6-unit opportunity located in the highly desired West Los Angeles market. Built in 1963, this property has been meticulously maintained with five of the six units having gone through extensive remodeling. 1619 Colby Avenue… Read More Street contains a blended unit mix of (2) Two Bedroom One Bathroom units (3) One Bedroom One Bathroom units and (1) Studio. The subject property has completed the following capital expenditures, Seismic Retrofit, Plumbing Improvements, and New Water Heater. Nestled west of the 405 and south of Santa Monica Blvd, this prime location offers unparalleled access to the vibrant heart of West Los Angeles and beyond. Tenants of 1619 Colby Avenue will find themselves with no shortage of things to do, with exciting nightlife, exquisite dining options, daily essentials, and diverse retail experiences within close proximity.1619 Colby Avenue offers a rare opportunity to acquire a stabilized, cash-flowing asset, located within one of the most sought-after rental markets in Los Angeles. This investment opportunity is poised for long-term appreciation while also immediately providing investors with steady cash flow. Read Less
Property listed by CBRE, John Boyett
Listing Snapshot
Days Online
6
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,838
Lot Size
0.14 Acres
Year Built
1963
MLS Number
25559203
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
Built in 1963, Building area total: 3,838, Levels: Two, Living area: 3838, 2 stories, 1 building
Garage
4 spaces
Income
Gross income: $195,936, Net operating income: $131,016
Lot
0.1378 acres, 6,004 square feet, Size: 6,004
Parking
4 open parking spaces, 8 totals parking, Covered, Carport
Property
Zoning: LAR3
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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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