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2136 Colby Ave, Los Angeles, CA 90025
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2136 Colby Ave Los Angeles, CA 90025

$3,575,000 Sold Price as of 08/21/2020
  • 10 Beds
  • 13 Baths
  • -- Sq.Ft.
Sold
$3,575,000 Sold Price as of 08/21/2020 Refinance Your Mortgage
Map preview of 2136 Colby Ave, Los Angeles, CA 90025

Property Overview: 2136 Colby Ave Los Angeles, CA has 10 bedrooms, 13 bathrooms, -- living square feet and 10,599 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fourteen unit apartment building located in a prime West Los Angeles neighborhood. Good unit mix of two bedrooms, one bedrooms, and studios and all units come with a parking space. Extra income from coin operated laundry. All electric building with radiant heat. Long term tenants with moderate rents in large units. Property backs up to the fire academy training area so there are no neighbors in the back. Building is approximately 9,500 square feet and was built in 1968. 10,600 square feet of land zoned R3. First time on market in many decades. Seismic retrofit work has been completed. Roof believed to be only a couple of years old. Unit #14 is 1 bedroom, 1 bath, leased at $981 per month. Do not walk on property and do not speak to tenants.

Listed by Daniel John Cavanaugh | BRE #00576151 | Cavanaugh Realtors
Last checked: 10 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
10,599
HOA Dues
$0/mo
Year built
1968
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20577990
City
Los Angeles
County
Los Angeles
Time on Site
1212 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,213
  • Total Rent: $1,213
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $742
  • Total Rent: $742
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $750
  • Total Rent: $750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $964
  • Total Rent: $964
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $960
  • Total Rent: $960
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $832
  • Total Rent: $832
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $857
  • Total Rent: $857
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $930
  • Total Rent: $930
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,345
  • Total Rent: $1,345
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $931
  • Total Rent: $931
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $721
  • Total Rent: $721
Unit Breakdown 13
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $730
  • Total Rent: $730
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 22.6
  • Gross Scheduled Income: --
  • Net Operating Income: $78,476
  • Gross Operating Income: $152,147
  • Laundry Income: $960
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $43,750
  • Insurance: $6,721
  • Maintenance: $2,790
  • Other Expenses: $13,028

Property Details for 2136 Colby Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Attached Carport, Uncovered
Property Information
  • Total # of Units: 14
  • Parcel Number: 4260005028
Location / Neighborhood
Location Information
  • Directions: North of Olympic Blvd., East of Barrington Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 2136 Colby Ave

Last sold for $3,575,000 on August 21st, 2020

  • September, 2021

  • Sep 9, 2021

    Date

    Withdrawn

    CRMLS: 21705488

    $5,600,000

    Price

  • Mar 24, 2021

    Date

    Active

    CRMLS: 21705488

    $5,600,000

    Price

  • Listing provided courtesy of CRMLS

    14-unit low-rise, walk-up apartment building on a 10,454-square-foot lot comprised of studio, one- and two- bedroom layouts | Property will be delivered fully vacant allowing a savvy investor to renovate the building and achieve top of the market rents | Plans have been drawn for a 1,100 sq ft ADU unit over parking | A 4.65 cap rate and 5.28 cap rate with ADU unit | Surrounded by Class A office complexes and Fortune 500 companies

  • August, 2020

  • Aug 24, 2020

    Date

    Sold

    CRMLS: 20577990

    $3,575,000

    Price

  • Jun 6, 2020

    Date

    Pending

    CRMLS: 20577990

    $3,500,000

    Price

  • May 12, 2020

    Date

    Active

    CRMLS: 20577990

    $3,500,000

    Price

  • August, 2020

  • Aug 21, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,575,000

    Price

Show More

Tax History for 2136 Colby Ave

Assessed Value (2020): $440,698
Year Land Value Improved Value Assessed Value
2020 $144,792 $295,906 $440,698

Home Value Compared to the Market

This property vs the competition

2136 Colby Ave sold on August 21, 2020 for 194.12% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 2136 Colby Ave

Detailed summary of property

2136 Colby Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 10 bedrooms, 13 bathrooms, roughly -- living square feet, and sits on an approximately 10,599 square foot lot. 2136 Colby Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,575,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 194.12% higher than the current median priced home. Local homes that are currently for sale include 12028 Venice Blvd, 3610 Westwood Blvd and 3749 Westwood Blvd. While the average home in Los Angeles, CA is selling in 94 days, 2136 Colby Ave has a days on market of 23 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2136 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 2136 Colby Ave

Public county record property details
Beds
11
Baths
14
Year built
1968
Sq. Ft.
9,486
Lot Size
10,599
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
4260-005-028

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
$1,149,000
Median List Price/Sq.Ft.
$737
Median Sold Price
$1,100,935
Median Sold Price/Sq.Ft.
$698
Total Inventory
105
Median Sale to List Price %
104.95%
Avg Days on Market
32
Loan Type
Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

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Recently Sold Homes Near 2136 Colby Ave

2048 Colby Ave, Los Angeles, CA 90025
$1,495,000 Last Sold Price
-- Beds
-- Baths
-- Sq.Ft.
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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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