1658 Colby Ave

1658 Colby Ave, Los Angeles, CA 90025

  • For Sale $2,500,000
  • Property Type Multi-Family
  • Property Size 5,464 SF
  • Units 7
  • Lot Size 5,500 SF
  • # of Floors 2
  • Parking Spaces Avail. 7
  • Year Built 1967
  • Date Updated Jul 1, 2025
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. Do not enter property and do not disturb Tenants!
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Highlights

  • Age: 41-50 Years Old
  • Appliances: Dryer
  • Appliances: Refrigerator
  • Appliances: Washer
  • Current GRM of 13.94, proforma GRM of 9.92, and proforma CAP rate exceeding 7%! Prime West LA location near Sawtelle Japantown with excellent Walk Score — highly attractive to tenants. Well-maintained 7-unit building with desirable unit mix: 1× 3BR+2.5BA, 4× 1BR+1BA, 1 studio, 1 bachelor. Seism...
  • Lot Size: Under 1/2 Acre

Contacts

broker
Eric Sackler

Coldwell Banker Realty

broker
Susan Lau

Coldwell Banker Realty

Location

Getting Around

  • Walk Score ®

    92/100 Walker's Paradise

  • Transit Score ®

    62/100 Good Transit

  • Bike Score ®

    82/100 Very Bikeable
Powered by Walk Score ®
  • City Los Angeles, CA
  • Neighborhood Sawtelle
  • Zip Code 90025
  • Market Los Angeles

Points of Interest

  • Westwood/Rancho Park

    1.61 miles

  • Upper Tram Station

    2.74 miles

  • Palms

    2.88 miles

  • Lower Tram Station

    3.33 miles

  • Farmer's Market

    5.60 miles

  • Farmdale

    6.19 miles

  • Martin Luther King Jr.

    7.05 miles

  • Westchester/Veterans

    7.17 miles

  • Zone 23

    7.31 miles

  • Zone 22

    7.31 miles

  • Shell

    0.13 miles

  • FLO

    0.17 miles

  • SK

    0.24 miles

  • Mobil

    0.50 miles

  • West L.A. Customer Service Center

    0.60 miles

  • 76

    0.60 miles

  • United Oil

    0.74 miles

  • Chevron

    0.78 miles

  • Sinclair

    0.81 miles

  • eVgo

    0.91 miles

  • Equinox Fitness

    0.50 miles

  • Lot 10

    0.86 miles

  • Lot 35

    0.88 miles

  • Lot 9

    0.91 miles

  • Lot 16

    0.93 miles

  • Lot 36

    0.95 miles

  • Lot 18

    1.03 miles

  • Parking 36

    1.07 miles

  • Lot 20

    1.09 miles

  • Westside Collector Car Storage

    5.00 miles

  • Hotel Brooks

    0.27 miles

  • West End Hotel

    0.29 miles

  • Holiday Inn Express

    0.29 miles

  • Wilshire Motel

    0.86 miles

  • Royal Santa Monica Motel

    1.03 miles

  • Days Inn

    1.20 miles

  • Best Western Royal Palace Inn & Suites

    1.22 miles

  • Plaza la Reina

    1.23 miles

  • Royal Palace Westwood

    1.26 miles

  • Claremont Hotel

    1.27 miles

  • Siam Chan

    0.10 miles

  • Javan

    0.11 miles

  • Aki

    0.13 miles

  • Colony Cooks

    0.14 miles

  • Naan Hut

    0.15 miles

  • Ray's

    0.19 miles

  • Izakaya Sasaya

    0.19 miles

  • Flame International

    0.19 miles

  • BAD Sushi

    0.19 miles

  • Juquila

    0.20 miles

  • Nora Sterry Elementary School

    0.25 miles

  • New Horizon School

    0.31 miles

  • Saint Sebastian School

    0.31 miles

  • University High School

    0.44 miles

  • Stratford School

    0.51 miles

  • Brawerman Elementary School

    0.60 miles

  • Japanese Institute of Sawtelle

    0.61 miles

  • New West Charter School

    0.61 miles

  • Brockton Avenue Elementary School

    0.65 miles

  • Wildwood School

    0.71 miles

  • The Salvation Army Bessie Pregerson Child Care Center

    0.67 miles

  • Samuel Goldwyn Foundation Children's Center

    0.75 miles

  • WorldSpeak School

    0.90 miles

  • Little Village Nursery School

    0.94 miles

  • Westwood Hills Preschool

    0.97 miles

  • The Academy

    1.03 miles

  • Sunny Days Preschool

    1.04 miles

  • Wonder Years Preschool

    1.04 miles

  • Evergreen Community School

    1.29 miles

  • Brentwood Presbyterian Church Preschool

    1.36 miles

Frequently Asked Questions

How much does 1658 Colby Ave cost?

The space currently listed for sale at 1658 Colby Ave asks for $2,500,000.

What is the total square footage of 1658 Colby Ave?

1658 Colby Ave totals 5,464 square feet.

When was this property built?

1658 Colby Ave was built in 1967.

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