4544 Colbath Ave Sherman Oaks, CA 91423
Pending
$2,999,000
20%
10 Units
19 Beds
17 Baths
10,300 Area(sq.ft.)
10,581 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 8,110 | $ 8,110 | $ 9,200 |
| Unit 2 | 4 | 2 | 2 | No | $ 9,810 | $ 3,810 | $ 12,000 |
| Unit 3 | 2 | 3 | 2 | No | $ 6,250 | $ 6,250 | $ 7,000 |
| 3 | 10 | 18 | 16 | $ 84,180 | $ 60,180 | $ 98,800 |
| MLS #: | 25-479485 |
| Days On Market: | 33 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 291 |
| Price per unit: | $ 299,900 |
| Year Built: | 1963 |
Property Details
Nestled in the vibrant heart of Sherman Oaks, this attractive 10-unit apartment building with secured entrance seamlessly combines timeless character with an enviable location. The property offers a delightful mix of one and two bedroom units, each boasting spacious layouts and an abundance of natural light. The inviting interiors radiate warmth and comfort, reflecting the long-standing charm of this well-established complex. Some apartments have laundry hookups inside the unit, other Tenants use the convenient laundry room. Tenants enjoy the sparkling pool with bespoke areas for entertaining and relaxing. The complex also offers 19 assigned parking spaces. This beautiful property is set on a tranquil, tree-lined street, the building enjoys a serene ambiance, while remaining just minutes from the bustling shops, restaurants, and entertainment of Ventura Boulevard, as well as convenient access to the 101 freeway. Perfectly suited for discerning investors or visionary developers, this rare opportunity in one of the most sought-after neighborhoods is a prime investment prospect that should be considered.Interested in this Listing?
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Income Details
| Vacancy Rate: | 30% |
| Gross Operating Income: | $ 291,840 |
| Total Annual Expense: | $ 60,000 |
| Net Operating Income: | $ 157,657 |
| Gross Annual Income: | $ 1,800 |
| Cap Rate: | 4.2% |
| Gross Rent Multiplier: | 12.87 |
| Actual Gross Rent: | $ 290,040 |
Structure
| Type of Units: | Apartments |
| Buildings: | 2 |
| Levels: | One |
| View Description: | Walk Street |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Community Garage, Tandem, Subterr Tandem, Driveway - Concrete |
| Covered Parking: | 19 |
| Total Parking: | 19 |
Interior
| AC/Cooling: | Central |
| Equipment: | Garbage Disposal, Range/Oven, Ceiling Fan, Dishwasher, Dryer, Gas Dryer Hookup, Refrigerator |
| Heating: | Central |
| Laundry: | Community, In Unit, Laundry Area, Room |
| Laundry Equipment: | Own |
| Laundry Income: | 1800.00 |
Exterior
| Pool: | True |
| Pool Description: | In Ground, Community |
| Roof: | Composition, Shingle |
| Spa: | No |
Detailed Map
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