4628 Colfax Avenue

    Valley Village, CA 91602
    • $1,350,000
    • STATUS: Active Under Contract
    • ON SITE: 61 days
    • ID#: SR20024518
    Under Contract
    $1,350,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,796
      SQFT
    • $281
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    Back on market, buyer did not perform. 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. Similar properties in the area are in escrow between $1,599,000 -$1,799,000. Submit all cash offers only. Accepted an offer, but accepting backup.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-06T00:27:53.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.

    www.inlandempiresold.com/homes/102907476

    4628 Colfax Avenue Valley Village, CA 91602

    • Price: $1,350,000
    • Status: Active Under Contract
    • ID#: SR20024518
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,796
    SQFT
    $281
    $/SQFT
    1979
    Built
    Neighborhood:
    VVL - Valley Village
    County:
    Los Angeles
    Area:
    VVL - Valley Village
    Property Description
    Back on market, buyer did not perform. 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. Similar properties in the area are in escrow between $1,599,000 -$1,799,000. Submit all cash offers only. Accepted an offer, but accepting backup.
    Exterior Features

    Carport Spaces 6.00 Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksValley Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 1759.00 Gross Income 92100.00 Gross Scheduled Income 92100.00 Insurance Expense 3100.00 Land Lease YN No Laundry YN Yes Licenses Expense 177.00 Net Operating Income 58815.00 New Construction YN No New Taxes Expense 16875.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 30522.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 30522.00 Trash Expense 3169.00 Water Sewer Expense 5442.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Anie Mayelian of Keller Williams Encino-Sherman Oaks


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-06T00:27:53.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.

     
    RE/MAX Empire Properties
    street
    Hemet CA, 92545