1657 COLBY Avenue, Los Angeles CA

Highly coveted 5-unit traditional walk-up apartment building on the market for the first time in 43 years and in an incredibly central location nestled between Brentwood, Westwood, and Santa Monica but at a more attractive price. The 2 "penthouse" units (2+1 and 1+1) will be delivered vacant while 3 lower 1+1's come occupied, making this the perfect owner/user, developer, or 1031 exchange property. All units are well maintained with original details and spacious floor plans, while the building enjoys on-site laundry and a new main sewer line and copper/pex plumbing. Exploit tremendous value add opportunity with basic cosmetic improvements or re-imagine into the condo/townhouse complex of your dreams on this 44'x140' R3 lot with rear alley access. Excellent mid-block location surrounded by buildings exhibiting remarkable pride-of-ownership. Price and location combined! Please do not disturb tenants or walk the property.