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$2,950,000price
Beds
Total Baths
5,884Sqft

Spectacular 9 Unit apartment building, turnkey with huge upside in rents. Key apartment buildings in this area are fairly rare. So this offering is a real find. It has a unit mix of (2) 2/1 and (7) 1/1. All the units have either their own large patio or fenced backyard. There are 5 units upstairs and 4 downstairs, all with excellent tenants. Security gated building that opens into a lushly landscaped entrance that is low water and maintenance. The rear of the property has a coin-op laundry room with 2 washer and dryers. The building is serviced by LA City trash cans, no need for a dumpster. The property has a great feel with very nice units throughout. The building is done in copper plumbing overall and very low maintenance. The new owner will be well positioned for a nice upside in rental rates and low expenses over time.

Listing Details

Essential Information

MLS® #: IN17228700MR
Price: $2,950,000
Bathrooms: 0.00
Square Footage: 5,884
Year Built: 1958
Type: Income
Status: Active

Community Information

Address: 4350 Colfax Ave
Area: Studio City
City: STUDIO CITY
County: Los Angeles
State: CA
Zip Code: 91604

Amenities

Parking Spaces: 11
Garages: Assigned
Pool: None

Interior

Appliances: Range
Heating: Floor Furnace
Cooling: Wall/Window
# of Stories: 2

Additional Information

Date Listed: September 29th, 2017
Days on Market: 50
Zoning: LAR3

Financials

$/SqFt: $501
Listing Agent: Eric Mcleod (01314629)
Listing Office: Eric McLeod
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Last updated on November 19th, 2017 at 1:06pm PST