1619 Colby Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$2,299,000 USD
707-815-7472
1619 Colby Ave, Los Angeles, CA for Sale
$2,299,000 USD
Apartments - FOR SALE
1/13
null | 5.7% Cap Rate

1619 Colby Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • Exceptionally Remodeled 6-Unit
  • Premier West Los Angeles Location
  • ± $2,725 Average Rent Per Unit
  • Favorable Unit Mix
  • Seismic Retrofit Completed
  • Cash Flowing Investment

OVERVIEW

The Boyett Team is 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 units (3) One Bedroom One Bathroom units and (1) Studio. The subject property has completed the following capital expenditures, Seismic Retrofit, Plumbing Improvements, and New Water Heater. Nestled west of the 405 and south of Santa Monica Blvd, this prime location offers unparalleled access to the vibrant heart of West Los Angeles and beyond. Tenants of 1619 Colby Avenue will find themselves with no shortage of things to do, with exciting nightlife, exquisite dining options, daily essentials, and diverse retail experiences within close proximity. 1619 Colby Avenue offers a rare opportunity to acquire a stabilized, cash-flowing asset, located within one of the most sought-after rental markets in Los Angeles. This investment opportunity is poised for long-term appreciation while also immediately providing investors with steady cash flow.

FOR SALE DETAILS

PRICE

$2,299,000 USD

PRICE/SF

$599 USD /SF

# OF UNITS

6

PRICE/UNIT

$383,167

CAP RATE

5.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,011 SF

ZONING

R3

APN/PARCEL ID

4261-013-009

ASK ABOUT THIS PROPERTY

John BoyettCBRE Boyett TeamMore Info
707-815-7472

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John BoyettCBRE Boyett TeamMore Info
707-815-7472

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.