Malibu to Beverly Hills and Surrounding Areas

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2048 Colby Ave
Los Angeles, CA 90025
MLS# 21-705558 ID: 69400059
$3,700,000
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Property Description
Residential Income - Los Angeles, CA 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.
Property Features
Status
Days On Market 102 days
Last Updated June 22, 2021
Market Status Available
Description
Property Type Multi Family
Year Built 1944
Building Features
Stories 1.0
Exterior Features
Parking 4 spaces
Listing Features
Property Type MultiFamily;
Offered By:
Jonathan Taksa
Remax Commercial and Investment Realty

Data Provided by Combined LA Westside Multiple Listing Service, Inc

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