
1658 Colby Ave Los Angeles, CA 90025
Sawtelle NeighborhoodEstimated payment $16,095/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 | -- | -- |
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Source: The MLS
MLS Number: 25554857

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