1658 Colby Ave, Los Angeles, CA 90025
List Price: $2,500,000
On market
On marketJun 19, 20255,464 sqft7 beds9 baths
Listed by: Susan Lau
License #: 01516710
Phone #: 310-979-3960
Coldwell Banker Realty
Source:
MLS #: 25554857
Property Description
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.
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$53,013
TurboHome Estimated Value
$3,017,100
$552 sqft
High Valuation
$3,167,955
$580/sqft
Normal Valuation
$3,017,100
$552/sqft
Low Valuation
$2,866,245
$525/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $552/sqft | $3,017,100 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood: Sawtelle
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Comparative Value
$2.20M
$2.50M
1819 Camden Ave, Los Angeles, CA 90025
Sale Price: $2,200,000
Selected Comparable
1658 Colby Ave, Los Angeles, CA 90025
List Price: $2,500,000
Subject Property
Neighborhood Comps
Subject Property
SUBJECT1658 Colby Ave, Los Angeles, CA 90025
List: $2,500,000
Listed: 6/19/2025
Area:5,464 sqft
Price/sqft:$458
Beds:7
Baths:9
Year Built:—
Lot Size:5,500
Comparable Properties
COMPARABLEChoose comps
1819 Camden Ave, Los Angeles, CA 90025
Sale: $2,200,000
2/5/2025 • 0.62 mi
Area:4,883 sqft
Price/sqft:$451
Beds:8
Baths:8
Year Built:—
Weight:100.0%
Subject Property
SUBJECT| Image | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1658 Colby Ave, Los Angeles, CA 90025 | $2,500,000 | 5,464 | $458 | 5,500 | — | 6/19/2025 | 7 | 9 | — | — |
Comparable Properties
COMPARABLEChoose comps
| Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1819 Camden Ave, Los Angeles, CA 90025 | $2,200,000 | 4,883 | $451 | 5,146 | 0.62 mi | 2/5/2025 | 8 | 8 | — | 100.0% |
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