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
Price:
$2,500,000
MLS #:
25554857
Status:
Active
Baths:
0
Address:
1658 Colby Avenue
Type:
Residential Income
Neighborhood:
wlawestlosangeles
City:
Los Angeles
Listed Date:
Jun 19, 2025
State:
CA
ZIP:
90025
Lot Size:
5,500 sqft / 0.13 acres (approx)
Year Built:
1967
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Refrigerator, Oven
Fireplace Features
Bath, Kitchen, Dining Room
Flooring
Carpet, Tile
Heating
Wall Furnace
Exterior
Parking Features
Attached Carport
Parking Spots
7.00
Security Features
Gated Community
Sewer
Other
Stories Total
2
View
City Lights
Financial
Tenant Pays
Gas, Electricity, Cable T V
Map
Community
- Address1658 Colby Avenue Los Angeles CA
- AreaWLA – West Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90025
Similar Listings Nearby
- 5832 David Avenue
Culver City, CA$3,250,000
4.60 miles away
- 4600 Sawtelle Boulevard
Los Angeles, CA$3,250,000
3.88 miles away
- 1236 Mcclellan Drive
Los Angeles, CA$3,250,000
1.03 miles away
- 1025 Pleasantview Avenue
Venice, CA$3,250,000
3.38 miles away
- 1007 N San Vicente Boulevard
West Hollywood, CA$3,250,000
4.91 miles away
- 221 S Tower Drive
Beverly Hills, CA$3,200,000
4.67 miles away
- 151 S Rexford Drive
Beverly Hills, CA$3,200,000
3.60 miles away
- 12044 W Washington Boulevard
Culver City, CA$3,200,000
3.59 miles away
- 4224 Madison Avenue
Culver City, CA$3,150,000
3.89 miles away
- 649 Ocean Park Boulevard
Santa Monica, CA$3,100,000
3.03 miles away

1658 Colby Avenue
Los Angeles, CA
LIGHTBOX-IMAGES