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1745 Colby Ave, Los Angeles, CA 90025
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1745 Colby Ave Los Angeles, CA 90025

$3,295,000
  • 14 Beds
  • 15 Baths
  • 7,540 Sq.Ft.
For Sale
$3,295,000 Get Pre-Qualified
Map preview of 1745 Colby Ave, Los Angeles, CA 90025

Property Overview: 1745 Colby Ave Los Angeles, CA has 14 bedrooms, 15 bathrooms, 7,540 living square feet and 8,261 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Sawtelle neighborhood 10 unit residential apartment building with solid income and great tenants. Many units have been remodeled and upgraded to have hardwood floors and window A/C units. Located in the heart of West LA's Sawtelle neighborhood with access to shops, restaurants, UCLA and SMC and the 405/10 freeways. Property has been reinforced to comply with City of Los Angeles soft story earthquake upgrades. Pool, open area, laundry machines on site as well as 12 parking spaces (including 6 tandem.) Existing $1.4M 5 year loan at approximately 3% APR is assumable subject to lender fees and qualifications. Please do not disturb occupants and contact site manager for additional information. Showings on accepted offer only. Buyer to cooperate with Seller's 1031 exchange.

Listed by Orlando Cruz | BRE #01051110 | Brightstone Estate Properties
Last checked: 12 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
8,261
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
SR24117210
City
Los Angeles
County
Los Angeles
Time on Site
93 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,961
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Actual Rent: $5,295
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,595
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,150
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,005
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Actual Rent: $2,325
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,775
  • Total Rent: --
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,531
  • Total Rent: --
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,822
  • Total Rent: --
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Actual Rent: $2,680
  • Total Rent: --
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Actual Rent: $345
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.9%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $277,697
  • Net Operating Income: $135,381
  • Gross Operating Income: --
  • Laundry Income: $4,140
Annual Expense Breakdown
  • Total Operating Expense: $146,456

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Property Details for 1745 Colby Ave

Interior Features
Laundry Information
  • Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: 0-1 Unit/Acre, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 11
  • Parcel Number: 4261014022
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Sewer Available, Water Connected
Location / Neighborhood
Location Information
  • Directions: S of Santa Monica Blvd W of Sawtelle Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 1745 Colby Ave

Last sold on July 26th, 2018

  • June, 2024

  • Jun 17, 2024

    Date

    Active

    CRMLS: SR24117210

    $3,595,000

    Price

  • July, 2018

  • Jul 26, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2013

  • Jul 23, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1745 Colby Ave

Assessed Value (2020): $2,787,257
Year Land Value Improved Value Assessed Value
2020 $1,801,573 $985,684 $2,787,257

Home Value Compared to the Market

This property vs the competition

1745 Colby Ave is listed 174.58% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $437 per/sqft which puts the price per square foot 43.1% lower than the median price per square foot for the city of Los Angeles.

About 1745 Colby Ave

Detailed summary of property

1745 Colby Ave is a multi family located in Los Angeles, CA 90025 and is currently for sale. This multi family property offers 14 bedrooms, 15 bathrooms, roughly 7,540 living square feet, and sits on an approximately 8,261 square foot lot. 1745 Colby Ave was first listed on ArdentRealEstateGroup.com on June 18, 2024. The homeowner is currently asking $3,295,000 and was originally asking $3,595,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 174.58% higher than the median priced home. Local competing homes currently for sale include 2551 8th Ave, 1183 Crenshaw Blvd and 911 Seward St. While the average home in Los Angeles, CA is selling in 106 days, 1745 Colby Ave has a days on market of 62 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1745 Colby Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1745 Colby Ave

Public county record property details
Beds
11
Baths
12
Year built
1962
Sq. Ft.
7,540
Lot Size
8,258
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
5
APN
4261-014-022

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,234,999
Median List Price/Sq.Ft.
$743
Median Sold Price
$1,151,000
Median Sold Price/Sq.Ft.
$714
Total Inventory
120
Median Sale to List Price %
97.96%
Avg Days on Market
23
Loan Type
Conventional (13.79%), FHA (0%), VA (0%), Cash (20.69%), Other (10.34%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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