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Closed
- Listed price
- $4,150,000
- Listed Jan 8, 2019
- Sold price
- $3,960,000
- Sold Mar 15, 2019
8,898 sqft lot|1963 Built|37 MLS days on market
1516 COLBY Ave, Los Angeles, CA 90025
Property Description
1516 Colby Avenue is a rare opportunity to acquire an easy to manage property located in one of the best rental locations in prime West Los Angeles.  Just a short stroll to great dining and shopping, the property will be delivered with 7 out of 11 units vacant, allowing the astute investor to immediately capitalize on setting high market rents. 1516 Colby Avenue boasts a fantastic unit mix consisting of 9 large one bedroom units, 1 two bedroom one bath unit, and an extra spacious three bedroom two bath "town home" style owner's unit. The investment is priced at 15.75 GRM and a 4.16 CAP rate on conservative rents. All units have great floor plans, large kitchens and bathrooms, and either a private patio or balcony. There is an on-site laundry room and on-site parking consisting of 14 spaces (4 tandem and 6 single).  Additionally, the property is situated on an oversized 8,898 square foot lot zoned R3.First time ever available for sale! Built by Seller's family.
Listing agent: Jonathan TaksaDRE #01366169jon@taksainvestment.com, Listing office: Remax Commercial and Investmen
MLS data updated 11/4/2026, 10:31:18 AM PT
Source: CRMLSMLS #: 19421002
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$3,960,000
Mar 15, 2019
Available records22019
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90025 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90025 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.