4350 COLFAX AVENUE, STUDIO CITY, CA 91604

  • 5,884 sqft
  • Lot Size: 7,346 sqft
  • Built in 1958
  • MLS #IN17228700
For Sale $2,950,000

Description

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.

FACTS / FEATURES

  • Built in 1958
  • Lot Size: 7,346 sqft
  • Cooling: Wall Window,Energy Star
  • Heating: Floor Furnace
  • Parking: 11 spaces total

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Listing Provided by Eric McLeod, Eric McLeod
Based on information from California Regional Multiple Listing Service, Inc. as of November 18, 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.