4453 Colfax Avenue

Studio City, CA 91602

$3,665,000
Last Sold Price
16
Beds
16
Baths
6,014 Sq. Ft.
$609 / Sq. Ft.
6,014
Sq. Ft.
$609
per Sq. Ft.

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 5.2%, 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...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.
  1. Listed by Daniel Lalezari • DRE #01949474 • Brokerage DRE #01364089 • Keller Williams Hollywood Hills

Property Details for 4453 Colfax Avenue

Zoning
LARD1.5
Style
Modern
Parcel Number
2364010067
Total Units
4.0
Living Area
6014
Source Living Area
Plans
Area
Studio City (STUD)
Vacancy Rate
100

Location

Listing Courtesy of Keller Williams Hollywood Hills, Daniel Lalezari, DRE #01949474

Sold By Keller Williams Palos Verdes, James Abdelmalek, DRE #02010152

Add your commute
LISTING UPDATED: 09/28/2022 12:44 PM

Property Details for 4453 Colfax Avenue

StatusSold
MLS #22-153639
Days on Market82
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2022
Lot Size0.14 AC / 6,100 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Hollywood Hills, Daniel Lalezari, DRE #01949474

Sold By Keller Williams Palos Verdes, James Abdelmalek, DRE #02010152

Add your commute

Building Information for 4453 Colfax Avenue

Stories3Residences-Year Built2022Building Size-Lot Size0.14 AC / 6,100 SF

Payment Calculator

$21,154 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,001

Property Taxes

$1,153

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4453 Colfax Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Townhomes
  • Security Features: Gated
  • Property Condition: New Construction
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $261,000
  • Net Operating Income: $209,600.00
  • Gross Income: $0
  • Cap Rate: 5.20%
  • Gross Rent Multiplier: $14.36
  • Total Annual Expense: 52552
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.0115
  • Lot Size Square Feet: 6100
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 8
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Garbage Disposal, Freezer, Dryer, Dishwasher, Ice Maker, Microwave, Washer, Refrigerator, Range/Oven
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-05-2022
  • Rent Control: No
  • Tenant Pays: Gas, Electricity, Water
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,700.00
  • Unit Actual Rent: $5,700.00
  • Unit Projected Rent: $5,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,700.00
  • Unit Actual Rent: $5,700.00
  • Unit Projected Rent: $5,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,900.00
  • Unit Actual Rent: $5,900.00
  • Unit Projected Rent: $5,900.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,500.00
  • Unit Actual Rent: $5,500.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $.00
  • Assessed Improvement Percent: 0.0
  • Assessed Land Value: $505.00
  • Assessed Land Percent: 100
  • Assessed Total Value: $505.00

Property History for 4453 Colfax Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4453 Colfax Avenue

Taxable ValueLand$839,901Additions$293,802Total$1,133,703
Tax Record2023$13,834 ($1,153 / month)
Home Facts
Beds2Total Finished SqFt1,316 SqFtAbove Grade Finished SqFt1,316 SqFtStories1Lot Size5,751 SqFtStyleSingle Family ResidenceYear Built1938ZoningLARD1.5CountyLOS ANGELESAPN2364-010-087

Schools near 4453 Colfax Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Colfax Charter Elementary School
CharterK to 5

Walter Reed Middle School
Public6 to 8

North Hollywood Senior High School
Public9 to 12

Amelia Earhart Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Hollywood Hills, Daniel Lalezari, DRE #01949474

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.