4557 Colfax Avenue
4557 Colfax Avenue
$1,425,000
6
5
3,063
3,063
$465
Closed 6/22/21
Description
4557 Colfax is a pride-of-ownership triplex made up of two gorgeous 1986 construction 2 bedroom, 2 bathroom units and a charmingly updated 1940’s 2 bedroom, 1 bathroom house with a private yard. Situated in upscale Studio City, this property is one of very few 2-4 unit properties to ever hit the market in this rare and prestigious area. These units have wonderful tenants who have all paid rent during Covid-19 at close to market rents of $2,500, $2,300 and $2,045. The property boasts an outstanding...4557 Colfax is a pride-of-ownership triplex made up of two gorgeous 1986 construction 2 bedroom, 2 bathroom units and a charmingly updated 1940’s 2 bedroom, 1 bathroom house with a private yard. Situated in upscale Studio City, this property is one of very few 2-4 unit properties to ever hit the market in this rare and prestigious area. These units have wonderful tenants who have all paid rent during Covid-19 at close to market rents of $2,500, $2,300 and $2,045. The property boasts an outstanding current cap rate of 4% and a pro forma cap rate of 4.56%. This property was fully renovated in 2005 and has been lovingly maintained over the years. It features an extensive list of upgrades including: a huge, enclosed front yard, large balconies/porches for all three units, washer/dryers in all units, fireplaces in both rear units, high ceilings, new metal and wood security gates, a new roof within the past 5 years, a Lorex security system and flood lights, a newly landscaped side yard, a recently replaced front fence and newly repainted exterior trim. Unit 4555 has recently rebuilt and sealed exterior stairs, as well as new stainless steel kitchen appliances, washer and dryer, kitchen faucet and hot water tank. Unit 4557 features updates including restored wood floors, a remodeled kitchen with white subway tile, and a hot water tank that has been replaced within the past 7 years. Unit 4553 boasts a new stove and water heater as of a few years ago.
- Listed by Elizabeth Maddox • DRE #01921425 • Brokerage DRE #01921425 • The 2-4 Unit Specialists
- Listed by Ian Maddox • DRE #02030205 • Brokerage DRE #01921425 • The 2-4 Unit Specialists
Property Details for 4557 Colfax Avenue
Architectural Style
Traditional
ViewNeighborhood
Parking Spaces Total5
Private PoolNo
Cooling TypeCentral Forced Air
Total Units3.0
Building TypeAttached
Lot Size SourceAssessor
Location
LISTING UPDATED: 06/22/2021 04:10 AM
Property Details for 4557 Colfax Avenue
Status | Closed |
---|---|
MLS # | BB21071947 |
Days on Market | 7 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1940 |
Lot Size | 0.13 AC / 5,574 SF |
County | Los Angeles County |
Location
Building Information for 4557 Colfax Avenue
Stories2Residences-Year Built1940Building Size-Lot Size0.13 AC / 5,574 SF
Payment Calculator
$9,303 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4557 Colfax Avenue
Property History for 4557 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 4557 Colfax Avenue
Taxable ValueLand$936,360Additions$546,210Total$1,482,570
Tax Record2023$18,316 ($1,526 / month)
Home Facts
Total Finished SqFt3,063 SqFtAbove Grade Finished SqFt3,063 SqFtLot Size5,600 SqFtStyleTriplexYear Built1940ZoningLARD1.5CountyLOS ANGELESAPN2364-007-047
Schools near 4557 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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