1738 Colby Avenue

Los Angeles, CA 90025

$3,500,000
Price
10
Beds
12
Baths
7,055 Sq. Ft.
$496 / Sq. Ft.
7,055
Sq. Ft.
$496
per Sq. Ft.

Description

Prime West Los Angeles 10-unit apartment building One studio unit; three 2-bedroom/2-bath units; and six1-bedroom/1-bath units All units are occupied by the same tenants for over one year, except for one recently vacated unit that was left vacant intentionally to allow the buyer to decide what they want to with itTHIS IS A SPECIAL DELIMITER SENTENCE. All units are occupied by the same tenants for over one year, except for one recently vacated unit that was left vacant intentionally to allow the buyer...Prime West Los Angeles 10-unit apartment building One studio unit; three 2-bedroom/2-bath units; and six1-bedroom/1-bath units All units are occupied by the same tenants for over one year, except for one recently vacated unit that was left vacant intentionally to allow the buyer to decide what they want to with itTHIS IS A SPECIAL DELIMITER SENTENCE. All units are occupied by the same tenants for over one year, except for one recently vacated unit that was left vacant intentionally to allow the buyer to decide what they want to with itTHIS IS A SPECIAL DELIMITER SENTENCE $142,938 pro forma net annual income 4.08% pro forma cap rate 10 surface parking spaces Onsite laundry room with washer and dryer Located four blocks west of the San Diego (405) Freeway Two blocks south of Santa Monica Boulevard Adjacent to Santa Monica and Brentwood.
  1. Listed by Bill Friedman • DRE #00672015 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1738 Colby Avenue

Zoning
LAR3
Style
Contemporary
Parcel Number
4261015019
Total Units
10.0
Living Area
7055
Source Living Area
Vendor Enhanced
Area
West Los Angeles (WLA)
Vacancy Rate
1
LISTING UPDATED: 11/07/2024 02:30 PM

Property Details for 1738 Colby Avenue

StatusActive
MLS #24-459255
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.19 AC / 8,141 SF
CountyLos Angeles County

Building Information for 1738 Colby Avenue

Stories2Residences-Year Built1966Building Size-Lot Size0.19 AC / 8,141 SF

Property Information for 1738 Colby Avenue

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: multiple
  • Security Features: None
  • Water: Water District
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $221,940
  • Net Operating Income: $142,938.00
  • Gross Income: $221,940
  • Cap Rate: 4.08%
  • Gross Rent Multiplier: $15.70
  • Owner Pays: Water
  • Total Annual Expense: 79002
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1869
  • Lot Size Square Feet: 8141
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 0
  • Covered Parking: 4
  • Open Other Spaces Total: 8
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Electric, Radiant
  • Heating Type: Electric, Radiant
  • Equipment: Refrigerator, Range/Oven
  • Cooking Appliances: Oven-Electric
  • Laundry: Community
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-07-2024
  • Rent Control: Yes
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,195.00
  • Unit Actual Rent: $2,195.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $2,895.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,010.00
  • Unit Actual Rent: $1,010.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $240,343.00
  • Assessed Improvement Percent: 66.5
  • Assessed Land Value: $121,092.00
  • Assessed Land Percent: 33.5
  • Assessed Total Value: $361,435.00

Property History for 1738 Colby Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1738 Colby Avenue

Taxable ValueLand$123,513Additions$245,149Total$368,662
Tax Record2024$5,669 ($472 / month)
Home Facts
Total Finished SqFt7,055 SqFtAbove Grade Finished SqFt7,055 SqFtLot Size8,139 SqFtStyleMulti-Family Res (5+ Units)Year Built1966ZoningLAR3CountyLOS ANGELESAPN4261-015-019

Schools near 1738 Colby Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Nora Sterry Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

University Senior High School Charter
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1738 Colby Avenue is a multi-family home for sale in Los Angeles, CA 90025. This property was listed for sale on November 7, 2024 by Coldwell Banker Realty, it's currently listed at $3,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Nora Sterry Elementary School, Daniel Webster Middle School and University Senior High School Charter. 1738 Colby Avenue is a 10-bed, 12-bath, 7,055 sqft multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Bill Friedman, DRE #00672015

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.