1738 Colby Ave - Apartments FOR SALE


Los Angeles, CA 90025
$3,500,000 USD
213-747-4155
1738 Colby Ave, Los Angeles, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/13
null | 4.08% Cap Rate

1738 Colby Ave
Los Angeles, CA 90025


HIGHLIGHTS

  • Prime West Los Angeles Multi-Family Investment Opportunity
  • Pro Forma $142,938 NOI — 4.08% 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

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.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$496 USD /SF

# OF UNITS

10

PRICE/UNIT

$350,000

CAP RATE

4.08%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Los Angeles 10-Unit Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

10

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
213-747-4155

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Rene MexiaMajor PropertiesMore Info
213-747-4155

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