1738 Colby Ave | Los Angeles, CA 90025

Written By Michael Monempour

SALE PRICE: $2,550,000

PRICE/UNIT: $255K          PRICE/SF: $361                  GRM: 10.59                 CAP RATE: 6.03%

TRANSACTION HIGHLIGHTS

  • PRIME West LA location: located in the heart of Sawtelle - one of LA’s most dynamic and sought-after neighborhoods

  • SOLD in as-is-condition with buyer to assume all costs and responsibilities for the required soft-story seismic retrofit

  • ATTRACTIVE fundamentals - low price per unit with strong GRM and CAP - offering solid cash flow and long term appreciation

  • BUYER exclusively represented by Michael Monempour - broker secured in all cash, 100% non contingent offer on Day one

  • BALANCED unit mix - (3) 2BR/2BA, (6) 1BR/1BA, and One Studio

  • IMMEDIATE Upside - 3 vacant units at close — enabling rental repositioning and 33% upside in market rents

  • OVERPRICED listing + long term market exposure. The property has been listed by the agent at over $3M and sat on market for over a year before being acquired at a significantly more compelling value.

 
Free Property Valuation
Michael Monempour
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