4628 COLFAX Avenue, Valley Village, CA 91602

$1,350,000
4,796
SqFt
List Price
$1,350,000
Days on Market
23
Status
ACTIVE
MLS#
SR20024518
Living Area
4,796
Lot Size (Acres)
0.1667
Year Built
1979

Property Description

Excellent 4 unit building located near Studio City. Built in 1979 and eligible for rent increase of 7.5% by August 2020 which will increase the rental income to $99,007. Achieve 13.63 GRM as of August 2020. Subject consists of (four) 2 bedroom + 2.5 bath townhome style apartments with approximate rentable square footage of 4,796 per assessor. Property has in-unit washer/dryer, dishwashers, central a/c & heat, and fireplace. Per owner, units 1 and 3 had water overflow issue and the entire first floor for both units has been replaced and owner?s insurance has approved to replace kitchen cabinets in both units. Tenants in both units are not paying rent. Similar properties in the area are in escrow between $1,599,000 -$1,799,000. Submit all cash offers only.

Additional Information

Area
Valley Village (Vvl)
Exterior Features
Sidewalks
Lot Description
Sidewalks
Pool Description
No Pool
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Keller Williams Encino-Sherman Oaks, Anie Mayelian - CA BRE#00778825

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