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4453 Colfax Ave

Studio City, CA 91602
  • $3,999,000
  • STATUS: ACTIVE
  • ON SITE: 155 Days
  • ID#: PV23067378
UPDATED: 8 min ago
$3,999,000
  • 16
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

This is an amazing investment opportunity in a Newly Constructed FOURPLEX with NO RENT CONTROL. Located in a prime location in Studio City, this beautiful, extremely low-to-maintain FOUR-PLEX is comprised of FOUR TOWNHOMES with 4 separate meters for gas, water & electricity. RENT for all the 4 units is $24,000 per month ($18,000 Actual Rent for 3 units and $6,000 Estimated for remaining 1 unit). Estimated CAP RATE is 6.5%. Extremely LOW OPERATING COSTS (due to everything being new and energy efficient). In addition to AIRBNB INCOME. PROPERTY is also fully AIRBNB equipped and ACTIVELY BOOKING. All 16 ROOMS have smart locks and come FULLY FURNISHED with flat screen TVs & Mini Fridges. All 4 KITCHENS come FULLY LOADED with sleek modern kitchen with stainless steel appliances (2 door modern refrigerator, dishwasher, microwave, oven, stove) and quartz countertops. ALL 16 BATHROOMS are HIGH END finished coming with elegant vanity cabinets. Each unit has its own separate private entrance alongside its own washer and dryer. Lot has 5 assigned private parking spaces inside, EV Car Charge and 2 car garages. The buildings have a gate for privacy and security. Lot also comes with security system and security cameras. Each townhome is 3 levels, on the FIRST LEVEL is a small reception area with a Bedroom & Full Bathroom which is ideal for guests, parents or in-laws. The SECOND LEVEL includes a fully loaded open concept kitchen with high-quality finishes, balconies, natural light with windows, and inviting open floorplan with another Bedroom & Full Bathroom. The THIRD LEVEL has 2 Master B This is an amazing investment opportunity in a Newly Constructed FOURPLEX with NO RENT CONTROL. Located in a prime location in Studio City, this beautiful, extremely low-to-maintain FOUR-PLEX is comprised of FOUR TOWNHOMES with 4 separate meters for gas, water & electricity. RENT for all the 4 units is $24,000 per month ($18,000 Actual Rent for 3 units and $6,000 Estimated for remaining 1 unit). Estimated CAP RATE is 6.5%. Extremely LOW OPERATING COSTS (due to everything being new and energy efficient). In addition to AIRBNB INCOME. PROPERTY is also fully AIRBNB equipped and ACTIVELY BOOKING. All 16 ROOMS have smart locks and come FULLY FURNISHED with flat screen TVs & Mini Fridges. All 4 KITCHENS come FULLY LOADED with sleek modern kitchen with stainless steel appliances (2 door modern refrigerator, dishwasher, microwave, oven, stove) and quartz countertops. ALL 16 BATHROOMS are HIGH END finished coming with elegant vanity cabinets. Each unit has its own separate private entrance alongside its own washer and dryer. Lot has 5 assigned private parking spaces inside, EV Car Charge and 2 car garages. The buildings have a gate for privacy and security. Lot also comes with security system and security cameras. Each townhome is 3 levels, on the FIRST LEVEL is a small reception area with a Bedroom & Full Bathroom which is ideal for guests, parents or in-laws. The SECOND LEVEL includes a fully loaded open concept kitchen with high-quality finishes, balconies, natural light with windows, and inviting open floorplan with another Bedroom & Full Bathroom. The THIRD LEVEL has 2 Master Bedrooms with 2 Master Bathrooms. Come enjoy this A+ location close to the new Shops at Sportman Lodge that features stores, shops, and restaurants including Erewhon, Equinox, Moorpark Tujunga Village shops, the Aroma Cafe, Vitellos Italian, Caioti, Gelato Bar. The location is in close proximity to Sherman Oaks, Hollywood, Universal Studios, local restaurants, parks, and many entertainment places on Ventura Blvd and is perfectly located near freeways like the 101, 170, and 134. Just minutes away from Universal Studios, CBS Studios, Ventura Blvd and the highly desirable Colfax Charter elementary school.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
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4453 Colfax Ave Studio City, CA 91602

  • Price: $3,999,000
  • Status: ACTIVE
  • On Site: 155 Days
  • Updated: 8 min ago
  • ID#: PV23067378
16
Beds
0
Baths
0
½ Baths
0.14
Acres
Neighborhood:
North Hollywood (91602)
County:
Los Angeles
Area:
North Hollywood (91602)
Property Description
This is an amazing investment opportunity in a Newly Constructed FOURPLEX with NO RENT CONTROL. Located in a prime location in Studio City, this beautiful, extremely low-to-maintain FOUR-PLEX is comprised of FOUR TOWNHOMES with 4 separate meters for gas, water & electricity. RENT for all the 4 units is $24,000 per month ($18,000 Actual Rent for 3 units and $6,000 Estimated for remaining 1 unit). Estimated CAP RATE is 6.5%. Extremely LOW OPERATING COSTS (due to everything being new and energy efficient). In addition to AIRBNB INCOME. PROPERTY is also fully AIRBNB equipped and ACTIVELY BOOKING. All 16 ROOMS have smart locks and come FULLY FURNISHED with flat screen TVs & Mini Fridges. All 4 KITCHENS come FULLY LOADED with sleek modern kitchen with stainless steel appliances (2 door modern refrigerator, dishwasher, microwave, oven, stove) and quartz countertops. ALL 16 BATHROOMS are HIGH END finished coming with elegant vanity cabinets. Each unit has its own separate private entrance alongside its own washer and dryer. Lot has 5 assigned private parking spaces inside, EV Car Charge and 2 car garages. The buildings have a gate for privacy and security. Lot also comes with security system and security cameras. Each townhome is 3 levels, on the FIRST LEVEL is a small reception area with a Bedroom & Full Bathroom which is ideal for guests, parents or in-laws. The SECOND LEVEL includes a fully loaded open concept kitchen with high-quality finishes, balconies, natural light with windows, and inviting open floorplan with another Bedroom & Full Bathroom. The THIRD LEVEL has 2 Master B This is an amazing investment opportunity in a Newly Constructed FOURPLEX with NO RENT CONTROL. Located in a prime location in Studio City, this beautiful, extremely low-to-maintain FOUR-PLEX is comprised of FOUR TOWNHOMES with 4 separate meters for gas, water & electricity. RENT for all the 4 units is $24,000 per month ($18,000 Actual Rent for 3 units and $6,000 Estimated for remaining 1 unit). Estimated CAP RATE is 6.5%. Extremely LOW OPERATING COSTS (due to everything being new and energy efficient). In addition to AIRBNB INCOME. PROPERTY is also fully AIRBNB equipped and ACTIVELY BOOKING. All 16 ROOMS have smart locks and come FULLY FURNISHED with flat screen TVs & Mini Fridges. All 4 KITCHENS come FULLY LOADED with sleek modern kitchen with stainless steel appliances (2 door modern refrigerator, dishwasher, microwave, oven, stove) and quartz countertops. ALL 16 BATHROOMS are HIGH END finished coming with elegant vanity cabinets. Each unit has its own separate private entrance alongside its own washer and dryer. Lot has 5 assigned private parking spaces inside, EV Car Charge and 2 car garages. The buildings have a gate for privacy and security. Lot also comes with security system and security cameras. Each townhome is 3 levels, on the FIRST LEVEL is a small reception area with a Bedroom & Full Bathroom which is ideal for guests, parents or in-laws. The SECOND LEVEL includes a fully loaded open concept kitchen with high-quality finishes, balconies, natural light with windows, and inviting open floorplan with another Bedroom & Full Bathroom. The THIRD LEVEL has 2 Master Bedrooms with 2 Master Bathrooms. Come enjoy this A+ location close to the new Shops at Sportman Lodge that features stores, shops, and restaurants including Erewhon, Equinox, Moorpark Tujunga Village shops, the Aroma Cafe, Vitellos Italian, Caioti, Gelato Bar. The location is in close proximity to Sherman Oaks, Hollywood, Universal Studios, local restaurants, parks, and many entertainment places on Ventura Blvd and is perfectly located near freeways like the 101, 170, and 134. Just minutes away from Universal Studios, CBS Studios, Ventura Blvd and the highly desirable Colfax Charter elementary school.
Exterior Features

Pool N/K Site CurbsSidewalks Spa N/K Units With Patios 2

Interior Features

Cooling Central Forced Air Stories 3 Story Total Baths Unit1 4 Total Baths Unit2 4 Total Baths Unit3 4 Total Baths Unit4 4 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4 Water Heater Type ElectricTankless

Property Features

Actual Cap Rate 6.5 Annual Expense Actual 24000 Buildings 2 Cfd Mello Roos Fee 15.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 13.8 Gross Scheduled Income Actual 288000 Home Owners Fees 0.0 Monthly Total Fees 1 Possession Close Of Escrow Security Gated Community Tenant Pays Cable TvElectricityGas/Propane Terms Cal VetCashConventionalExchangeFhaVa Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 6000.0 Unit2 Rent Actual 6000.0 Unit3 Rent Actual 6000.0 Unit4 Rent Actual 0.0 Zoning Builder

San Diego MLS logo Listing provided courtesy of James Abdelmalek of Keller Williams Palos Verdes: 424-350-6342. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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