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4453 Colfax Ave

Studio City, CA 91602
  • $3,999,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 22-153639
UPDATED: 195 min ago
$3,999,000
  • 16
    BEDS
  • 0.01
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,014
    SQFT
  • $665
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2022
County:
Area:

School Ratings & Info

Description

Welcome to 4453 Colfax Ave, an exceptionally unique non-rent controlled new construction fourplex in Studio City. This gorgeous, easy-to-maintain fourplex is made up of two duplexes consisting of four, 4 bedroom, 4 bathroom units each. We project an exceptional cap rate of 5.02%, which is impossible to find in this A+ location close to the new Shops at Sportman Lodge that features stores, shops, and restaurants including Erewhon, Equinox, and walkability to the nice restaurants and shops at Moorpark Tujunga Village. The units include a sleek modern kitchen with stainless steel appliances, high-quality finishes, balconies, inviting open floorplans, separate meters for gas, water & electric, low maintenance, and top desirability amongst renters for the location proximity to Universal Studios, over the hill to West Hollywood, Sherman Oaks and Toluca Lake. This is a trophy property in an amazing location that is an investor's dream, perfect for anyone with a 1031 EXCHANGE or anyone wanting an extraordinary fourplex in one of the best locations in all of Los Angeles with an amazing cap rate. The building is fully vacant and is ready to be leased immediately with the buyer's choice of renters.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-20T23:43:00.543. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/128399396
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4453 Colfax Ave Studio City, CA 91602

  • Price: $3,999,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 195 min ago
  • MLS #: 22-153639
16
Beds
0
Baths
0
½ Baths
0.01
Acres
6,014
SQFT
$665
$/SQFT
2022
Built
Neighborhood:
Studio City
County:
Los Angeles
Area:
Studio City
Property Description
Welcome to 4453 Colfax Ave, an exceptionally unique non-rent controlled new construction fourplex in Studio City. This gorgeous, easy-to-maintain fourplex is made up of two duplexes consisting of four, 4 bedroom, 4 bathroom units each. We project an exceptional cap rate of 5.02%, which is impossible to find in this A+ location close to the new Shops at Sportman Lodge that features stores, shops, and restaurants including Erewhon, Equinox, and walkability to the nice restaurants and shops at Moorpark Tujunga Village. The units include a sleek modern kitchen with stainless steel appliances, high-quality finishes, balconies, inviting open floorplans, separate meters for gas, water & electric, low maintenance, and top desirability amongst renters for the location proximity to Universal Studios, over the hill to West Hollywood, Sherman Oaks and Toluca Lake. This is a trophy property in an amazing location that is an investor's dream, perfect for anyone with a 1031 EXCHANGE or anyone wanting an extraordinary fourplex in one of the best locations in all of Los Angeles with an amazing cap rate. The building is fully vacant and is ready to be leased immediately with the buyer's choice of renters.
Exterior Features

Levels Multi/Split Lot Size Area 6100 Other Structures None Parking Garage None Style Modern Total Parking 8

Interior Features

Baths Total 16.00 Cooling Central Equipment Garbage DisposalFreezerDryerDishwasherIce MakerMicrowaveWasherRefrigeratorRange/Oven Heating Central

Property Features

Assessed Total Value 505 Gross Income 0 Gross Operating Income 249600 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 200600.00 Number Of Buildings 2 Number Of Units 4 Property Condition New Construction Rent Control YN No Sale Type Standard Security Features Gated Source Living Area Plans Source Lot Size Area Assessor Tenant Pays GasElectricityWater Total Annual Expense 49000 Type Of Units Townhomes Water Heaters YN Yes Year Built Source Builder Zoning Lard1.5

Listing provided courtesy of Daniel Lalezari DRE#01949474 of Keller Williams Hollywood Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-20T23:43:00.543. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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