$2,500,000
PENDING

Estimated payment $16,095/month

Total Views 1,286
7 Beds
9 Baths
5,464 Sq Ft
$458 Price per Sq Ft

Highlights

  • City View
  • Fireplace in Bathroom
  • Tile Flooring
  • Midcentury Modern Architecture
  • Balcony
  • Attached Carport

About This Home

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.

Listing Agent

Susan Lau

Coldwell Banker Realty License #01516710 Listed on: 06/19/2025

Coldwell Banker Realty

Co-Listing Agent

Eric Sackler

Coldwell Banker Realty License #01057377

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 5,500 Sq Ft Lot
  • East Facing Home
  • Gated Home

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 5,464 Sq Ft Home
  • 2-Story Property
  • Dining Room with Fireplace
  • City Views

Kitchen

  • Oven
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 9 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 7 Parking Spaces
  • Attached Carport

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Central Water Heater
  • Sewer in Street

Additional Features

  • Balcony
  • City Lot

Community Details

  • 7 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 4261-012-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 5464
  • Lot Acreage: 0.1263
  • Stories: 2
  • Year Built: 1967
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Bath, Kitchen, Dining
  • Flooring: Carpet, Mixed, Tile, Wood Laminate
  • Appliances: Oven
  • Bedrooms: 7
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 9.00
  • Equipment: Refrigerator, Washer, Dryer
  • Price Per S Q F T: 457.54

Exterior Features

  • Direction Faces: East
  • Other Features: Balcony
  • Other Structures: None
  • Paved: Yes
  • View: City
  • View: Yes

Garage/Parking

  • Covered Parking: 7
  • Parking Garage: Carport Attached
  • Total Parking: 7

Utilities

  • Water Heater: Gas, Central Water Heater
  • Heating: Wall
  • Security: Gated
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 46.36
  • Assessed Improvement Value: 256472
  • Assessed Land Percent: 53.64
  • Assessed Land Value: 296688
  • Total Assessed Value: 553160
  • Assessor Parcel Number: 4261-012-021
  • Lot Location: City
  • Lot Size Area: 5500

Rental Info

  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 13.94
  • Number Of Units: 7
  • Rent Control: 100
  • Total Annual Expense: 62306
  • Type Of Units: 7
  • Vacancy Rate: 1

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 Pending -- -- --
06/19/2025 06/19/25 For Sale $2,500,000 0.0% $458 / Sq Ft
03/05/2025 03/05/25 Off Market $1,875 -- --
02/27/2025 02/27/25 Price Changed $1,875 -3.8% $4 / Sq Ft
11/20/2024 11/20/24 Price Changed $1,950 0.0% $4 / Sq Ft
11/20/2024 11/20/24 For Rent $1,950 +21.9% --
03/22/2023 03/22/23 Price Changed $1,600 +6.7% $3 / Sq Ft
03/10/2023 03/10/23 Price Changed $1,500 -6.3% $3 / Sq Ft
02/23/2023 02/23/23 Price Changed $1,600 -11.1% $3 / Sq Ft
01/27/2023 01/27/23 Price Changed $1,800 -5.3% $4 / Sq Ft
01/26/2023 01/26/23 Price Changed $1,900 +1.3% $4 / Sq Ft
01/01/2023 01/01/23 For Rent $1,875 -- --
Source: The MLS

Similar Homes in the area

  • 751 -753 3/4 N Hayworth Ave, Los Angeles, CA 90046

    $2,400,000

    • 8 Beds
    • 5 Baths
    • 4,101 Sq Ft
    • 751 -753 3/4 N Hayworth Ave
    • Los Angeles, CA

    Available 5 Plex for Sale in West Hollywood Vicinity. Beautiful Traditional design with 5 Apartment Units: 753 - 2 Bedroom / 1 Bathroom (approximate 1324 sq ft); 753 1/2 - 2 Bed / 1 Bath (approx 776 sq ft); 753 - 2 Bedrooms / 1 Bathroom ( 781 sq ft); 751 - 1 Bed / 1 Baths (approx 610 sq ft); 751 1/2 - 1 Bed / 1 Baths (approx 610 sq ft).. 751 Hayworth Ave. is a prime location. The next building

    Ricky Mitchell The Passman Group, Inc.

    Section Image
  • 7401 Fountain Ave, Los Angeles, CA 90046

    $2,275,000

    • 8 Beds
    • 5 Baths
    • 6,040 Sq Ft
    • 7401 Fountain Ave
    • Los Angeles, CA

    Welcome to 7401 Fountain Avenue, a charming multi-unit property strategically positioned at the crossroads of West Hollywood and Los Angeles. This unique real estate offering comprises a four-unit apartment building (with one unit as Section 8) alongside a single-family home, which is currently configured as a one-bedroom, one-bathroom residence (previously two bedrooms). Marking its first

    Sebastian Wolski Compass

    Section Image
  • 4301 Melbourne Ave, Los Angeles, CA 90027

    $1,990,000

    • 6 Beds
    • 6 Baths
    • 3,986 Sq Ft
    • 4301 Melbourne Ave
    • Los Angeles, CA

    Beautiful 1929 Sixplex, with significant ADU potential, in prime Los Feliz location. The property boasts a sunny South-facing corner lot with excellent exposure. Ideal for investors and 1031 exchange buyers. Each one-bedroom/one-bath unit comes with its own garage space. Possible Opportunity to add two, 2-bedroom, ADU's above the existing garage. Located within the highly ranked and sought after

    Dennis Chernov The Agency

    Section Image
  • 4124 Los Feliz Blvd, Los Angeles, CA 90027

    $2,095,000

    • 6 Beds
    • 5,138 Sq Ft
    • 4124 Los Feliz Blvd
    • Los Angeles, CA

    We are pleased to present a rare opportunity to acquire a striking and character-rich 6-unit apartment building in the heart of the highly sought-after Los Feliz neighborhood. Known affectionately as “The Pink Castle,” this generational asset offers timeless architecture and strong upside potential. Each unit is an oversized 1-bedroom + den layout, approximately 860 square feet, featuring

    David Nalbandyan LA Premier Realty

    Section Image
  • 2313 Glendale Blvd, Los Angeles, CA 90039

    $1,895,000

    • 6 Beds
    • 3,954 Sq Ft
    • 2313 Glendale Blvd
    • Los Angeles, CA

    R3 ZONED SILVER LAKE GEM – SIX UNITS + DEVELOPMENT POTENTIAL!!! Unlock exceptional value and future opportunity with this rare income-generating 6-unit property in the heart of Silver Lake, one of Los Angeles’ most coveted and vibrant neighborhoods! Just a short stroll from the scenic Silver Lake Reservoir, lush meadows, and the community-favorite dog park, this property delivers the perfect

    David Sevanian Keller Williams VIP Properties

    Section Image
  • 2643 Huron St, Los Angeles, CA 90065

    $1,987,000

    • 5 Beds
    • 3 Baths
    • 2,304 Sq Ft
    • 2643 Huron St
    • Los Angeles, CA

    Discover this beautifully updated corner-lot bungalow that seamlessly combines modern comforts with inviting California charm. Inside, an open-concept living and dining area bathes in natural light, highlighting rich wood-look floors, recessed lighting, and thoughtfully curated furnishings—all included. The brand-new chef’s kitchen dazzles with crisp white shaker cabinetry, marble-veined quartz

    Triet Nguyen Ana Real Estate

    Section Image
  • 10615 San Fernando Rd, Pacoima, CA 91331

    $1,900,000

    • 5 Beds
    • 4 Baths
    • 4,733 Sq Ft
    • 10615 San Fernando Rd
    • Pacoima, CA

    Exceptional Investment Opportunity in Prime Pacoima Location. Unlock the potential of this rare 4733 square foot mixed use property, designed for both commercial and residential purposes. This multi unit asset, set across two well constructed two story buildings, includes four distinct units featuring a combination of one bedroom one bath, two bedroom one bath, and three studio configurations.

    Geovanni Quintanilla Colocho JohnHart Real Estate

    Section Image
  • 1619 Colby Ave, Los Angeles, CA 90025

    $2,299,000

    • 7 Beds
    • 6 Baths
    • 3,838 Sq Ft
    • 1619 Colby Ave
    • Los Angeles, CA

    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 Street contains a blended unit mix of (2) Two Bedroom One Bathroom

    John Boyett CBRE

    Section Image
  • 2017 Butler Ave, Los Angeles, CA 90025

    $2,398,000

    • 6 Beds
    • 5 Baths
    • 4,564 Sq Ft
    • 2017 Butler Ave
    • Los Angeles, CA

    Exquisite Modern Duplex in Prime West Los Angeles. Discover an exceptional investment or owner-user opportunity with this luxurious modern duplex located in the heart of West Los Angeles, just moments from the vibrant Sawtelle District. Built with attention to detail and quality, this striking property features two expansive 3-bedroom, 2.5-bathroom townhome-style units, each offering

    Carolyn LoBuglio Coldwell Banker Realty

    Section Image

Source: The MLS

MLS Number: 25554857

The MLS