4628 Colfax Avenue Valley Village, CA 91602
UPDATED:  
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1350000
/mo

8Beds

12Baths

-1SqFt

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Key Details

Property Type: Multi-Family

Sub Type: Res Income 2-4 Units

Listing Status: Active

Purchase Type: For Sale

Lot Size: 0.167 Acres

Year Built: 1979

MLS Listing ID: SR20024518

Subdivision: Ca

Bedrooms: 8

Property Description

Excellent 4 unit building located near Studio City. Built in 1979 and eligible for rent increase of 7.5% by August 2020 which will increase the rental income to $99,007. Achieve 13.63 GRM as of August 2020. Subject consists of (four) 2 bedroom + 2.5 bath townhome style apartments with approximate rentable square footage of 4,796 per assessor. Property has in-unit washer/dryer, dishwashers, central a/c & heat, and fireplace. Per owner, units 1 and 3 had water overflow issue and the entire first floor for b
Excellent 4 unit building located near Studio City. Built in 1979 and eligible for rent increase of 7.5% by August 2020 which will increase the rental income to $99,007. Achieve 13.63 GRM as of August 2020. Subject consists of (four) 2 bedroom + 2.5 bath townhome style apartments with approximate rentable square footage of 4,796 per assessor. Property has in-unit washer/dryer, dishwashers, central a/c & heat, and fireplace. Per owner, units 1 and 3 had water overflow issue and the entire first floor for both units has been replaced and owners insurance has approved to replace kitchen cabinets in both units. Tenants in both units are not paying rent. Similar properties in the area are in escrow between $1,599,000 -$1,799,000. Submit all cash offers only.

Location

State: CA

County: Los Angeles

Area: North Hollywood (91602)

Zoning: LARD1.5

Multi-Unit Info

Total Units: 4

Buildings: 1

Unit 1 Information: Rents Price: $1,850; Bedroom: 2; Bathroom: 3

Unit 2 Information: Rents Price: $1,875; Bedroom: 2; Bathroom: 3

Unit 3 Information: Rents Price: $1,975; Bedroom: 2; Bathroom: 3

Unit 4 Information: Rents Price: $1,975; Bedroom: 2; Bathroom: 3

Building

Lot Description: Sidewalks

Lot Size Range: 4000-7499 SF

Water: Meter on Property

Schools

Elementary Schools: Colfax Charter Elementary

Middle Schools: Walter Reed School

High Schools: North Hollywood High School

School District: Los Angeles Unified School District

Others

Senior Community: no

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Listing provided by Anie of Keller Williams Encino-Sherman Oaks

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Nearby School & Properties

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    Glen Henderson Big Block Realty, Inc
    Glen Henderson

    Broker Associate | REALTOR CA BRE # 01384181

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