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
Courtesy of Coldwell Banker Realty 310-820-6651
Listing Snapshot
Days Online
13
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
$1.23M
-18%
(avg) sold price
21
+31%
homes sold
54
-10%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Oven, Refrigerator, Washer, Dryer
Building
5,464 sq ft, Built in 1967, Levels: Two, Mid-Century
Disclosures
None
Fireplaces
Bath, Kitchen, Dining
Floors
Carpet, Mixed, Tile, Wood Laminate
Garage
Carport Attached
Water Features
Water: Public
Heating
Wall
Laundry
Community
Lot
LotAcreage: 0.1263, LotSizeArea: 5,500, City
Parking
CoveredParking: 7, TotalParking: 7
Property
NumberOfUnits: 7, ViewDescription: City, ViewYN: 1, Zoning: LAR3, Balcony
Sewer
In Street
Utilities
Gas, Central Water Heater
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
