4557 COLFAX AVE Studio City, CA 91602

$1,415,000

Pending
1 of 48

Bedrooms

Total Baths

Full Baths

3,063

Square Feet

0.13

Acres

1940

Year Built

32 days

On Website

Pending

Status

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.

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Details


Interior
Appliances
Dishwasher, Gas Range, Refrigerator
Flooring
Carpet, Tile, Wood
Living Area
3,063 SqFt.

Building And Construction
Number Of Units Total
3
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1940

Exterior And Lot
Lot Size Acres
0.128
Lot Size Square Feet
5574
Lot Size Units
Square Feet
Parking Total
5
Zoning
LARD1.5

Utilities
Cooling
Central Air
Heating
Central

Area And Schools
City
Studio City
County Or Parish
Los Angeles

Financial Info
Buyer Agency Compensation
2%

Listing By The 2-4 Unit Specialists – Elizabeth Maddox

MLS# BB21071947

Data Last Updated 3:17am - 05/10/2021

California Regional MLS

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright© 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.

91602 Statistics and Information

Transportation

Walking

Very Walkable

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