1741 Colby Avenue 203, Los Angeles, California 90025, Los Angeles, 90025 - 2 bed, 3 bath
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1741 Colby Avenue 203
Los Angeles, California 90025
ACTIVE
CONDITION: FAIR
2Beds
3Baths
1,246Sq Ft
10,855Lot Size
Property Price
LIST PRICE$718,000
EST. MARKET VALUE
$744,891
3% BelowMARKET VALUE
SUMMARY
This Spacious Westside Condominium is a High-Potential Investment Opportunity, listed at $718,000—positioned well below the $744,891 Fair Market Value by 3%. This valuation gap offers $26,891 in Instant Equity for the buyer. Featuring a Dual En-Suite Layout, private balcony with greenery views, and in-unit laundry, the property maintains a Condition Rating of 4. Located near top-rated schools like Franklin Elementary, this is an ideal acquisition for Owner-Occupants seeking value or first-time buyers looking to build long-term equity.
Estimated Market Value
$744,891+$26,891 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1741 Colby Avenue 203 Subject 2 bd · 3 ba · 1,246 sqft · $598 | $718,000* List Price | 2 | 3 | 1,246 | $598 | - |
A 1312 S Saltair Avenue 319 Sold 2 bd · 2 ba · 1,301 sqft · $606 · 0.8 mi | $789,000 | 2 | 2 | 1,301 | $606 | 0.8 mi |
B 11535 Rochester Avenue 308 Sold 2 bd · 3 ba · 1,443 sqft · $599 · 0.5 mi | $865,000 | 2 | 3 | 1,443 | $599 | 0.5 mi |
C 11337 Nebraska Sold 2 bd · 2 ba · 1,258 sqft · $525 · 0.2 mi | $660,000 | 2 | 2 | 1,258 | $525 | 0.2 mi |
D 1633 S Bentley Avenue 103 Sold 2 bd · 2 ba · 1,248 sqft · $588 · 0.6 mi | $733,500 | 2 | 2 | 1,248 | $588 | 0.6 mi |
E 1312 S Saltair Avenue 105 Sold 2 bd · 2 ba · 1,181 sqft · $634 · 0.8 mi | $749,000 | 2 | 2 | 1,181 | $634 | 0.8 mi |
F 1522 S Saltair Avenue 107 Sold 2 bd · 2 ba · 1,209 sqft · $620 · 0.6 mi | $749,000 | 2 | 2 | 1,209 | $620 | 0.6 mi |
G 1639 Camden Avenue 101 Sold 2 bd · 2 ba · 1,347 sqft · $653 · 0.6 mi | $880,000 | 2 | 2 | 1,347 | $653 | 0.6 mi |
H 1430 Colby Avenue 102 Active Under Contract 2 bd · 2 ba · 1,146 sqft · $697 · 0.4 mi | $799,000 List Price | 2 | 2 | 1,146 | $697 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1990 (34 years old) and appears to retain its original kitchen and bathroom finishes. While the home is well-maintained and functional with hardwood floors and central HVAC, the white tile countertops, oak-style cabinetry, and fluorescent light boxes are significantly dated and require cosmetic updates to meet modern market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Franklin Elementary School (9/10).
- Dual En-Suite Layout
The floor plan features two spacious en-suite bedrooms with walk-in closets and balcony access, offering maximum privacy and convenience for roommates or guests.
- Comprehensive HOA Coverage
Monthly dues include both water and earthquake insurance, providing significant financial value and peace of mind in a high-demand West Los Angeles location.
CONSRISKS & DEFICIENCIES
- Potential for Cosmetic Updates
While functional, the tiled kitchen and 1990s-era finishes may require modern upgrades to compete with the aesthetic of newer luxury developments in the immediate area.
- High Monthly Carrying Costs
The $575 monthly association fee adds a substantial recurring expense that may impact the overall debt-to-income ratio and affordability for some buyers.
About 1741 Colby Avenue 203
Tranquil Westside Retreat in the Heart of West L.A. Warm and welcoming 2-bedroom + 2.5-bath home. Built in1990 with approximately 1,250 sqft. Formal double door entry opens to a long tiled foyer. An inviting living space designed for comfortable living and entertaining. Living room anchored by a floor-to-ceiling fireplace with direct access to an outdoor patio overlooking lush greenery. High ceilings enhanced by seamless recessed lighting throughout. Light filled condo with timeless hardwood floors throughout, Spacious dining area perfect for large scale gatherings, Efficiently designed tile kitchen with ample cupboard space and a breakfast bar. In-unit (full size-by-side) laundry and central heating and A/C. Generous sized 2nd en-suite bedroom w/large walk-in closet and balcony access.Spacious primary bedroom suite offers expansive closets and balcony access. Uncommonly large primary bath complete with dual sink vanity, separate tub and shower. Long attractive hallway between foyer and bedroom area. Includes 2-car dedicated parking in a secure garage. Homeowners dues include water and earthquake insurance
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 10,855 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $575.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Nora Sterry Elementary School
Grades K-5 • 0.2 mi
7/10
Brockton Avenue Elementary School
Grades K-5 • 0.7 mi
5/10
Richland Avenue Elementary School
Grades K-6 • 1.1 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,246 | 1,252.996 |
| Lot Size | 10,855 | 26,029.603 |
| Price | $718.0K | $778.5K |
| Price per sq ft | $576 | $629 |
| Built year | 1990 | 1981 |
| HOA | $575.0 | $676 |
| Days on market | 12 | 74 |
Pricing History
Listed for Sale
Oct 28, 2026
$718,000
Initial Listing