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    2048 Colby Avenue

    Los Angeles (City), CA 90025
    • $3,700,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: 21705558
    UPDATED: 42 min ago
    $3,700,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,072
      SQFT
    • $1,204
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1944
    County:

    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 California Regional Multiple Listing Service, Inc. as of 2021-05-16T16:32:27.823. 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 deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/115115571
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    2048 Colby Avenue Los Angeles (City), CA 90025

    • Price: $3,700,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 21705558
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,072
    SQFT
    $1,204
    $/SQFT
    1944
    Built
    Neighborhood:
    WLA - West Los Angeles
    County:
    Los Angeles
    Area:
    WLA - West Los Angeles
    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

    Parking Features None

    Interior Features

    Cooling None Cooling YN No Heating None Heating YN No

    Property Features

    Additional Parcels YN Yes Gross Income 105540 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 0 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning Lar2

    Listing provided courtesy of Jonathan Taksa of Remax Commercial And Investment Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T16:32:27.823. 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 deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
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    Compass
    617 Saxony Place #101
    Encinitas CA, 92024