$1,415,000

4557 Colfax Avenue

Studio City CA, 91602

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 1940s 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.

Details

MLS#BB21071947
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1940
Days On Site12

Features

SQ Feet3,063
Units3
Building(s)1
Water FrontNo
Property ViewYes
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Area Information
StateCA
CountyLos Angeles
CityStudio City
Zip Code91602
AreaSTUD - Studio City
Listing VS Median (in 91602)
Price:
$1,415,000
low | high
Med:
$1,049,000
75.865724381625% of Average
SqFt:
3,063
low | high
Med:
1,900
87.969311132876% of Average
$ / SqFt:
$462
low | high
Med:
$552
30.48774409522% of Average
On Site:
12
low | high
Med:
164
7.317073170732% of Average
Sourced by Back At You
Listing Updated: April 16, 2021 10:36:02 AM PDT
Elizabeth Maddox LogoMLS Number: BB21071947
Listing Provided By:
Elizabeth Maddox  of  The 2-4 Unit Specialists
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.