2034 Colby Ave, Los Angeles, CA 90025
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2034 Colby Ave Los Angeles, CA 90025

$1,350,000 Sold Price as of 04/06/2021
  • 4 Beds
  • 2 Baths
  • 1,536 Sq.Ft.
Sold
$1,350,000 Sold Price as of 04/06/2021 Refinance Your Mortgage

Map preview of 2034 Colby Ave, Los Angeles, CA 90025

Property Overview: 2034 Colby Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,536 living square feet and 5,961 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present a perfectly positioned, prime West LA, traditional Duplex in the heart of Sawtelle Japantown. This Duplex has endless value add potential and is the perfect investment for an Owner User or savvy Investor alike. The two 2 bedroom one bath units are currently occupied but could possibly be delivered vacant to implement immediate upside potential. The detached garage is a perfect ADU conversion opportunity. We have done the preliminary assessment and estimate with our ADU consultant but please also do your own due diligence. Please contact the listing agents for more information. Showings with accepted offers only. PLEASE DO NOT DISTURB TENANTS. DRIVE BY ONLY.

Listed by Derek Reilly | BRE #02072548 | Keller Williams-Santa Monica
Co-listed by David Miller | BRE #02105346 | Keller Williams Beach Cities
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
5,961
HOA Dues
$0/mo
Year built
1944
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21698918
City
Los Angeles
County
Los Angeles
Time on Site
1123 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,021
  • Total Rent: $2,021
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,408
  • Total Rent: $1,408
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 33.9
  • Gross Scheduled Income: --
  • Net Operating Income: $17,504
  • Gross Operating Income: $41,148
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2034 Colby Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 2
  • Parcel Number: 4261036024
Location / Neighborhood
Location Information
  • Directions: Located on Colby Ave in between La Grange Ave and Mississippi Ave.
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Sale History for 2034 Colby Ave

Last sold for $1,350,000 on April 6th, 2021
  • April, 2021

  • Apr 7, 2021

    Date

    Sold

    CRMLS: 21698918

    $1,350,000

    Price

  • Mar 12, 2021

    Date

    Active Under Contract

    CRMLS: 21698918

    $1,395,000

    Price

  • Mar 2, 2021

    Date

    Active

    CRMLS: 21698918

    $1,395,000

    Price

  • April, 2005

  • Apr 15, 2005

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

  • September, 1995

  • Sep 15, 1995

    Date

    Sold (Public Records)

    Public Records

    $225,500

    Price

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Tax History for 2034 Colby Ave

Assessed Value (2020): $955,907
Year Land Value Improved Value Assessed Value
2020 $701,003 $254,904 $955,907

Home Value Compared to the Market

This property vs the competition

2034 Colby Ave sold on April 6, 2021 for 35.57% higher than the current median sold price for the city of Los Angeles which is $1,029,000. The median sold price per/sqft for Los Angeles is $742 and this home is sold at $908.2 per/sqft which puts the price per square foot 22.4% higher than the current median sale per square foot for the city of Los Angeles.

About 2034 Colby Ave

Detailed summary of property

2034 Colby Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,536 living square feet, and sits on an approximately 5,961 square foot lot. 2034 Colby Ave was first listed on ArdentRealEstateGroup.com on March 2, 2021. The homeowner sold the property for $1,350,000. Home in Los Angeles are selling for a median price of $1,029,000 and a median price per square foot of $742. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 35.57% higher than the current median priced home. Local homes that are currently for sale include 1651 S Sierra Bonita Ave, 2046 S Burnside Ave and 1371 Masselin Ave. While the average home in Los Angeles, CA is selling in 100 days, 2034 Colby Ave has a days on market of 10 days. There are currently 3287 homes for sale in the Los Angeles real estate market and 2252 of them are single family homes while 954 of them are condos and 78 are townhomes. For more information on this home for sale at 2034 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 2034 Colby Ave

Public county record property details
Beds
4
Baths
2
Year built
1944
Sq. Ft.
1,536
Lot Size
5,961
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
4261-036-024

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
$1,275,000
Median List Price/Sq.Ft.
$749
Median Sold Price
$1,170,000
Median Sold Price/Sq.Ft.
$757
Total Inventory
97
Median Sale to List Price %
99.57%
Avg Days on Market
42
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

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Related Resources to 2034 Colby Ave

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.