4535 Colfax Ave, North Hollywood, CA 91602

Description

A well-maintained four-unit apartment building in Studio City, built in 2002 and offering approximately 4,469 square feet of building area. Each unit features a spacious two bedroom, two-bathroom layout of approximately 1,125square feet, with well-designed floor plans that appeal to tenants and are easy to manage. Current scheduled rents total approximately $10,745 per month, or $128,940 annually, while the analysis estimates market rents of approximately$13,000 per month, or $156,000 annually about 21% rental upside. Recent improvements include new HVAC and remodeled units 2 and 4. Upstairs units feature balconies, while the ground-floor units offer patios or garden areas. The property is not subject to the Los Angeles City RSO and is subject to California's AB 1482. Located in Studio City south of the 101, the property offers convenient access to neighborhood shopping, dining, and everyday services. Residents are also minutes from The Shops at Sportsmen's Lodge, with its mix of retail, restaurants, and lifestyle amenities. The setting combines a residential neighborhood feel with convenient access to Studio City's shops and services. Spacious units and nearby amenities contribute to the property's appeal for renters.