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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Apartment buildings
4525 Coldwater Cyn Ave Studio City, CA 91604-1088
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6199951
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1938
Construction
WOOD
Total area
4,078 SF
Lot
0.15 ac (6,498 SF)
Zoning code
LAR3
APN
2362-006-017
UPID
US09-6199951
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wonderful Weddings by Steve Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Drasey Investment Partners LLC · 1 yrs held
Drasey Investment Partners LLC
since 2025
7 recorded transactions
Zoning & alternative use
LAR3 · Studio City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+12.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Studio City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Studio City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,095,000
6.5%
$1,010,000
7%
$935,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,070,000
Current use
WAREHOUSE, STORAGE
$1,200,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$197 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$18,705
Tax year 2024
Assessed value
$1,479,171
Assessed 2024
Previous assessed
$1,479,171
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,227,714
Assessed improvement
$251,457
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Buildings
2
Units
5
Bathrooms
5
Total area
4,078 SF
Lot
0.15 ac (6,498 SF)
Zoning code
LAR3
APN
2362-006-017
UPID
US09-6199951
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Studio City, CA
Zoning LAR3 · permitted uses
LAR3 · Studio City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Studio City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1938
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Buildings
2
Units
5
Bathrooms
5
Lot
0.15 ac
Current owner
From public records · entity-resolved
Drasey Investment Partners LLC
Entity
Mailing address
3225 MCLEOD DR #777, LAS VEGAS, NV 89121-2257
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2025
—
Drasey Investment Partners LLC
Coldwater Canyon Statutory Trust
Grant Deed
—
Apr 16, 2025
$1,620,000
Shiuh Ching Wu
Drasey Investment Partners LLC
Grant Deed
—
Jan 12, 2023
—
Coldwater Canyon Statutory Trust
Drasey Investment Partners LLC
Grant Deed
—
Sep 24, 2019
—
Drasey Investment Partners LLC
—
Deed
related
$775,000 · Jpmorgan Chase Bank NA
Aug 17, 2016
$1,050,000
Drasey Investment Partners LLC
4525 Coldwater Canyon LLC
Grant Deed
—
Aug 8, 2016
—
4525 Coldwater Canyon LLC
October Sky LLC
Grant Deed
—
Sep 4, 2015
—
October Sky
Franklin Road Investment Corp
Quit Claim Deed
—
Oct 17, 2014
$1,050,000
Franklin Road Investment Corp
Coldwater Villas LLC
Grant Deed
$1,000,000 · Crosswind Venture Fund
Feb 28, 2014
$1,300,000
Coldwater Villas LLC
Rossi 1992 Family Trust
Grant Deed
—
May 19, 1992
—
Rossi Eugene
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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