Noorvash Teri Acquires 1619 Colby Avenue Multifamily In Los Angeles For $2.195M

The property located at 1619 Colby Avenue in Los Angeles is a multifamily asset that was sold for $2,195,000. This asset consists of 6 units, spread over a total square footage of 3,838, resulting in a price per unit of $365,833 and a price per square foot of $571. The transaction achieved the highest price per square foot in the 90025 area for 2025 among all multifamily transactions encompassing both RSO and Non-RSO properties.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,195,000
• Address: 1619 Colby Avenue
• Market: Los Angeles
• Units: 6
• Price Per Unit: $365,833
• Square Footage: 3,838
• Price Per Square Foot: $571
• Buyer: Noorvash Teri
• Broker Representatives: John Boyett & Logan McCullough - CBRE

John Boyett and Logan McCullough of CBRE represented the sale, achieving a record-breaking price in a competitive rental market. The Boyett Team continues to maintain high performance levels with over 20 active listings and more than 10 escrows currently in progress, demonstrating their commitment to delivering quality service for their clients.