4453 Colfax Avenue
4453 Colfax Avenue
$3,665,000
16
16
6,014
6,014
$609
Sold 9/28/22
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.
- Listed by Daniel Lalezari • DRE #01949474 • Brokerage DRE #01364089 • Keller Williams Hollywood Hills
Property Details for 4453 Colfax Avenue
Zoning
LARD1.5
StyleModern
Parcel Number2364010067
Total Units4.0
Living Area6014
Source Living AreaPlans
AreaStudio City (STUD)
Vacancy Rate100
Location
LISTING UPDATED: 09/28/2022 12:44 PM
Property Details for 4453 Colfax Avenue
Status | Sold |
---|---|
MLS # | 22-153639 |
Days on Market | 82 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2022 |
Lot Size | 0.14 AC / 6,100 SF |
County | Los Angeles County |
Location
Building Information for 4453 Colfax Avenue
Stories3Residences-Year Built2022Building Size-Lot Size0.14 AC / 6,100 SF
Payment Calculator
$21,154 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4453 Colfax Avenue
Property History for 4453 Colfax Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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