1738 Colby Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$2,750,000 USD
213-446-2286
1738 Colby Ave, Los Angeles, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/13
null | 5.63% Cap Rate

1738 Colby Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • Price Reduced! Value Add Opportunity: 30% Vacant at Close of Escrow
  • Prime West Los Angeles Multi-Family Investment
  • Pro Forma $154,833 NOI and 5.63% Cap Rate
  • 2-Story Building with 10 Units and 10 Car Parking
  • 2 Blocks South of Santa Monica Blvd and 4 Blocks West of 405 Freeway

OVERVIEW

Sale price reduced! Value add opportunity: 30% vacant at close of escrow. Prime West Los Angeles 10-unit apartment building. One studio unit; three 2-bedroom/2-bath units; and six 1-bedroom/1-bath units. All units are occupied by the same tenants for over one year, except for 3 recently vacated units that are being left vacant intentionally to allow the buyer to decide how they want to maximize them. $18,705 pro forma gross monthly income ($11,305 actual gross monthly income). $154,833 pro forma net annual income; 5.63% 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.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$390 USD /SF

# OF UNITS

10

PRICE/UNIT

$275,000

CAP RATE

5.63%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add Opportunity! 10-Unit Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

LA [Q]R3

APN/PARCEL ID

4261-015-019

ASK ABOUT THIS PROPERTY

Rene MexiaMajor PropertiesMore Info
213-446-2286

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Rene MexiaMajor PropertiesMore Info
213-446-2286

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