4-Unit Apartment
4535 Colfax Ave, Studio City, CA 91602
For Sale
New
$1,895,000
Each residence has two bedrooms, two bathrooms, and an individual outdoor area.
Property Size4,469 SF
Price / SF$424.03
Days on Market4
Property Features for 4535 Colfax Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Tony Sameyah · License CA #02015965
Source:
Milsteinestates
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 2002, this four-unit apartment property contains approximately 4,469 square feet. The residences are configured with two bedrooms and two bathrooms apiece, with each unit measuring approximately 1,125 square feet. Recent work includes HVAC replacement and remodeling in units 2 and 4. Upper-level apartments have balconies; ground-floor residences include patios or garden areas.
The property is in Studio City, south of the 101, with neighborhood shopping, dining, and daily services nearby. The Shops at Sportsmen’s Lodge is also minutes away. The building is not subject to the Los Angeles City RSO and is covered by California’s AB 1482.
The property is in Studio City, south of the 101, with neighborhood shopping, dining, and daily services nearby. The Shops at Sportsmen’s Lodge is also minutes away. The building is not subject to the Los Angeles City RSO and is covered by California’s AB 1482.
Key Highlights
- Four apartments totaling approximately 4,469 square feet
- Each unit has 2 bedrooms, 2 bathrooms, and approximately 1,125 square feet
- Built in 2002; new HVAC and remodeling in units 2 and 4
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,045
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,560,900
$1.6M
Cap Rate 7%
$1,114,929
$1.1M
Cap Rate 9%
$867,167
$867.2K
Market Conditions
NOI Build-Up for 4,469 SF
Gross rent
$120.7K $27.00/SF
− Vacancy
−$9.2K −$2.05/SF
EGI
$111.5K $24.95/SF
− OpEx
−$33.4K −$7.48/SF
NOI
$78.0K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,560,900
Cap Rate 7%
$1,114,929
Cap Rate 9%
$867,167
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$975.6K – $1.30M
NOI $78,045 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$1.03M
$898.9K – $1.20M
NOI $71,910 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,488 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,741
Businesses Nearby
Explore this area
Business Placement
Demographics for 91602, CA
19,647
Population
10,791
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
2.0 sq mi
ZIP Area
9,824
Density / Sq Mi
$97,994
Median Household Income
$61,134
Median Earnings
$2,186
Median Rent
$1,104,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles County, CA
Properties on Market for Quadplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, two bathrooms, and an individual outdoor area.
Where is this quadplex located?
The property is located at 4535 Colfax Ave Studio City, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Four apartments totaling approximately 4,469 square feet; Each unit has 2 bedrooms, 2 bathrooms, and approximately 1,125 square feet; Built in 2002; new HVAC and remodeling in units 2 and 4
