Est. cap rate

3.3%

Assumed rent, all units

$11,680/mo

Units

4

Price per unit

$537,250

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

4,469 sqft

Lot size

5,750 sqft

Year built

2002

Stories

2

Garage spaces

0

Style

Traditional

Heating

Natural Gas,Forced Air,Central

Cooling

Electric,Central Air

Pool

None

View

None

Status

Active

Days on market

44

MLS #

245265761

About this property

Generate solid income immediately with this turnkey investment within Studio City. Multi residential income property. 4 spacious units right in the heart of town. Close to everything, as it is centrally located. Absolute prime location. All 4 units are occupied and are 2 + 2. Each unit is approximately 1100+ sqft. Units are separately metered for gas and electricity. Every unit is equipped with in-unit laundry centers and newer central HVAC. First level units have large private patios and the upper units enjoy balconies facing the street view. Being 2002 built, the property is not subject to Rent Stabilization Ordinance,which puts this income property above the rest and makes it an easier investment choice. Eight parking spaces are available at the rear of the property. Please Do Not Disturb Occupants. Please Do Not walk on the property & please do not speak with tenants. Inspections only with accepted offer...

Location

4529 Colfax

Los Angeles, Los Angeles, CA, 91602