4525 Coldwater Canyon Ave - Apartments FOR SALE


Studio City, CA 91604
$1,795,000 USD
310-202-9166
4525 Coldwater Canyon Ave, Studio City, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/17
null | 4.33% Cap Rate

4525 Coldwater Canyon Ave
Studio City, CA 91604


HIGHLIGHTS

  • Five units in a Prime Studio City location
  • Desirable unit mix of (2) 2 BR + 1 Bath & (3) 1 BR+ 1 Bath Units with upside in the rents
  • Front unit is a spacious 2 BR + 1 bath with a private front yard
  • Large 6,498 SF lot - Zoned LAR3
  • Gated secure parking that can easily be accessed through the back alley. Seismic retrofitting work for parking structure has been completed
  • Potential to convert one of the rooms in the front house to a studio unit

OVERVIEW

The Coldwater Canyon Residences are a five unit property located at 4525 Coldwater Ave in Studio City, Los Angeles. The property has a desirable unit mix of (2) 2BR + 1 Bath and (3) 1 BR + 1 Bath units. The front unit is a spacious 2 BR + 1 Bath unit that has a private front yard. Behind the front 2 BR + 1 Bath is a 1 BR + 1 bath unit. Towards the back of the property is a gated parking structure that has parking for four cars. Above the parking structure is the other 2 BR + 1 bath units and two of the 1 BR + 1 Bath units The total size of the property is approximately 4,078 SF and the size of the lot is, 6,498 SF with LAR3 Zoning. Some of the units have received tasteful renovations with hardwood floors, updated bathrooms and new kitchen appliances. The property generates a strong gross income of approximately $122,946 and has about 15% rental upside. The Coldwater Canyon Residences provide an excellent multi-family investment opportunity in one of the most highly sought after rental locations in all of Los Angeles and the San Fernando Valley.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$440 USD /SF

# OF UNITS

5

PRICE/UNIT

$359,000

CAP RATE

4.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

LAR3

APN/PARCEL ID

2362-006-017

ASK ABOUT THIS PROPERTY

Jon BloomMiller & Desatnik Realty Corp.More Info
310-202-9166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jon BloomMiller & Desatnik Realty Corp.More Info
310-202-9166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.