Est. cap rate

2.0%

Assumed rent, all units

$11,680/mo

Units

4

Price per unit

$875,000

Est. annual NOI

$70,080

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

6,000 sqft

Lot size

5,603 sqft

Year built

2022

Stories

3

Garage spaces

2

Heating

Central

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

68

MLS #

244180711

About this property

Fantastic rental 4-plex in an excellent Studio City location. Built in upside with 5.7% cap rate! Built in 2022, this property features four spacious units, each offering 4 beds + 4 baths with modern finishes throughout. Low-maintenance ownership with flexibility for mid- or long-term tenancy. All units are separately metered, including trash. * As a newer building, the property is currently exempt from local and state rent control until approximately 2037. * 8 total parking spaces, including two EV charging stations, and numerous smart-home features, including keypad entry systems, smart appliances, HVAC controls, smoke detectors, and exterior security cameras, making remote monitoring and property management possible. Each unit offers central heating and air conditioning, as well as an in-unit washer and dryer. * For non-long-term occupancy use, two units and the common exterior areas are already equipped with guest-related signage, and one garage is currently reserved for owner storage. 3 units can be delivered vacant. The property may be purchased furnished or unfurnished, including selected maintenance equipment and supplies. Studio City remains one of the San Fernando Valley’s most desirable neighborhoods, offering easy access to Hollywood, central Los Angeles, and surrounding areas.

Location

4453 Colfax Avenue

Studio City, Los Angeles, CA, 91602