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Map
$4,259,393*
●
Multifamily -
Off Market
4453 Colfax AVE
STUDIO CITY, CA 91602
Studio
0 Bath
$3,600,000 - $4,398,000
Reference Base Price*
6.51%
Since Oct 1, 2022
CA-Los Angeles
Primary Model
About This Property
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 5.2%, which is
impossible to find in this A+ location as other apartment buildings
in Studio City are selling at a 3.80% cap rate. There are
multiple lease applications in hand, with the market rent nearby
ranging from $5,700 to $6,500. The building is 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
all lease applications in hand or the buyer's choice of renters.
Furthermore, there are some similar buildings close by that are
renting fully furnished from $7,500 to $10,000 per month with an
opportunity for more net income. Buyer is to verify all and do
their own due diligence.
Unit Size
-
Days on Market
-
Land Size
0.01 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1938
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 11, 2022 | No longer available | - | |
No longer available | |||
May 5, 2022 | Listed | $3,999,000 | |
Listed | |||
Mar 11, 2020 | Sold | $1,080,000 | |
Sold |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
House
5
Beds
5.5
Baths
5,363 ft²
$801/ft²
$4,295,000
Nov 2, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/05/2022
|
|
Studio
|
-
|
-
|
$3,999,000
Studio
-
|
-
-
|
-
|
Daniel Lalezari
Keller Williams Hollywood Hills
|
11/11/2019
|
|
2 Bed
|
1 Bath
|
1316 ft²
|
$1,019,000
2 Bed
1 Bath
1316 ft²
|
-
-
|
-
|
-
|
Building Info
4453 Colfax Avenue
4453 Colfax Avenue, North Hollywood, CA 91602
- 1 Unit for Sale
About South Valley
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