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West Los Angeles 10-Unit Apartment 1738 Colby Ave

10 Unit Apartment Building $3,500,000 ($350,000/Unit) 4.08% Cap Rate Los Angeles, CA 90025

Apartment Buildings California Los Angeles 1738 Colby Ave, Los Angeles, CA 90025

Investment Highlights

  • Prime West Los Angeles Multi-Family Investment Opportunity
  • 2-Story Building with 10 Units and 10 Car Parking
  • Pro Forma $142,938 NOI — 4.08% Cap Rate
  • 2 Blocks South of Santa Monica Blvd and 4 Blocks West of 405 Freeway

Executive Summary

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 one recently vacated unit that was left vacant intentionally to allow the buyer to decide what they want to with it. $18,495 pro forma gross monthly income ($15,495 actual gross monthly income). $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.

Attachments

1738 Colby Ave OM

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income $221,940 $31.46
Other Income - -
Vacancy Loss - -
Effective Gross Income $221,940 $31.46
Taxes $43,750 $6.20
Operating Expenses $35,252 $5.00
Total Expenses $79,002 $11.20
Net Operating Income $142,938 $20.26

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual $221,940
Annual Per SF $31.46
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $221,940
Annual Per SF $31.46
Taxes
Annual $43,750
Annual Per SF $6.20
Operating Expenses
Annual $35,252
Annual Per SF $5.00
Total Expenses
Annual $79,002
Annual Per SF $11.20
Net Operating Income
Annual $142,938
Annual Per SF $20.26

Property Facts

Price $3,500,000 Building Class C
Price Per Unit $350,000 Lot Size 0.19 AC
Sale Type Investment Building Size 7,055 SF
Cap Rate 4.08% Average Occupancy 90%
No. Units 10 No. Stories 2
Property Type Multifamily Year Built 1966
Property Subtype Apartment Parking Ratio 1.42/1,000 SF
Apartment Style Low Rise
Price $3,500,000
Price Per Unit $350,000
Sale Type Investment
Cap Rate 4.08%
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.19 AC
Building Size 7,055 SF
Average Occupancy 90%
No. Stories 2
Year Built 1966
Parking Ratio 1.42/1,000 SF

Unit Amenities

  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Range

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 - 550 - 650
1+1 6 - 700 - 800
2+2 3 - 800 - 900

Links

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1738 Colby Ave, Los Angeles, CA - aerial map view
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 4261-015-019 Total Assessment $368,662
Land Assessment $123,513 Annual Taxes $43,750 ($6.20/SF)
Improvements Assessment $245,149 Tax Year 2024

PROPERTY TAXES

Parcel Number
4261-015-019
Land Assessment
$123,513
Improvements Assessment
$245,149
Total Assessment
$368,662
Annual Taxes
$43,750 ($6.20/SF)
Tax Year
2024

zoning

Zoning Code LA [Q]R3
LA [Q]R3
(213) 747-4155

  • Listing ID: 33677442

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 1738 Colby Ave, Los Angeles, CA 90025

More public record information on 1738 Colby Ave, Los Angeles, CA 90025

The Olympic Corridor Multifamily Property at 1738 Colby Ave, Los Angeles, CA 90025 is currently available. Contact Major Properties for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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1738 Colby Ave, Los Angeles, CA for sale Building Photo- Image 1 of 14
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1738 Colby Ave, Los Angeles, CA for sale Building Photo- Image 4 of 14
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1738 Colby Ave, Los Angeles, CA for sale Building Photo- Image 5 of 14
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1738 Colby Ave, Los Angeles, CA for sale Interior Photo- Image 6 of 14
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1738 Colby Ave, Los Angeles, CA for sale Interior Photo- Image 7 of 14
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1738 Colby Ave, Los Angeles, CA for sale Interior Photo- Image 8 of 14
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1738 Colby Ave, Los Angeles, CA for sale Interior Photo- Image 9 of 14
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1738 Colby Ave, Los Angeles, CA for sale Interior Photo- Image 10 of 14
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1738 Colby Ave, Los Angeles, CA for sale Interior Photo- Image 11 of 14
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1738 Colby Ave

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West Los Angeles 10-Unit Apartment | 1738 Colby Ave
(213) 747-4155 x

West Los Angeles 10-Unit Apartment | 1738 Colby Ave

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Rene Mexia

(213) 747-4155

(213) 747-4155

Jeff Luster

(213) 747-4151

(213) 747-4151

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