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    2048 Colby Ave

    Los Angeles, CA 90025
    • $3,700,000
    • STATUS: Active
    • ON SITE: 90 days
    • ID#: 21-705558
    UPDATED: 38 min ago
    $3,700,000
    • 8
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,072
      SQFT
    • $1,204
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1944
    County:
    Area:

    School Ratings & Info

    Description

    2044 & 2048 Colby Avenue is a prestigious development opportunity located in the coveted community of West Los Angeles. The properties are ideally located in prime West LA, just North of vibrant Olympic Blvd. Current improvements consist of two duplexes boasting an excellent unit mix of all large 2 bedroom 1 bath units. Each unit has significant rental upside and exudes the vintage charm of its era. The site is a perfect redevelopment project (Buyer to verify), as there are TWO separate lots (each 5,960 SF with its own APN) zoned R2. An astute developer will have the opportunity to earn income while getting entitlements to build 4 high end residential units (2 per parcel), either apartments or condominiums. Properties MUST be sold together.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-14T20:42:49.343. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/115113377
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    2048 Colby Ave Los Angeles, CA 90025

    • Price: $3,700,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 21-705558
    8
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,072
    SQFT
    $1,204
    $/SQFT
    1944
    Built
    Neighborhood:
    West L.A.
    County:
    Los Angeles
    Area:
    West L.A.
    Property Description
    2044 & 2048 Colby Avenue is a prestigious development opportunity located in the coveted community of West Los Angeles. The properties are ideally located in prime West LA, just North of vibrant Olympic Blvd. Current improvements consist of two duplexes boasting an excellent unit mix of all large 2 bedroom 1 bath units. Each unit has significant rental upside and exudes the vintage charm of its era. The site is a perfect redevelopment project (Buyer to verify), as there are TWO separate lots (each 5,960 SF with its own APN) zoned R2. An astute developer will have the opportunity to earn income while getting entitlements to build 4 high end residential units (2 per parcel), either apartments or condominiums. Properties MUST be sold together.
    Exterior Features

    Lot Size Area 11920 Other Structures None Parking Garage None Total Parking 4

    Interior Features

    Baths Total 4.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 1043989 Gross Income 105540 Gross Operating Income 102374 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 4 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 0 Type Of Units 2S Year Built Source Vendor Enhanced Zoning Lar2

    Listing provided courtesy of Jonathan Taksa DRE#01366169 of Remax Commercial And Investment Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-14T20:42:49.343. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    2999 Overland Ave., Suite 116
    Los Angeles CA, 90064