Listed by KW Commercial Studio City
$1,450,000
6308 Coldwater Canyon
Details
APN 2332001015
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,328
Net Rentable (SqFt) 4,328
Units 6
Cap Rate 5.87%
NOI $85,111
Occupancy 100%
Pro-Forma Cap Rate 6.82%
Pro-Forma NOI $98,934
Price per SqFt $335
Class C
Year Built 1953
Buildings 1
Stories 2
Acreage 0.138
Zoning Public Rec
Multifamily | 6 Units | Great Valley Glen Location
Marketing description
Located in the heart of Valley Glen, this well-maintained multifamily apartment building at 6308 Coldwater Canyon Ave presents a strong investment opportunity in a consistently high-demand rental market. The property features a desirable unit mix of four (4) 1-bed/1-bath units and two (2) 2-bed/1-bath units, appealing to a wide range of tenants seeking convenient Valley living. The property offers essential amenities that support long-term tenant retention, including on-site parking, on-site laundry, and individual gas and electric metering, allowing for reduced owner expenses and operational efficiency. The functional layout and unit configuration provide solid in-place income with potential for future upside through rental growth or interior upgrades. Ideally situated just minutes from the NoHo Arts District, tenants enjoy close proximity to dining, entertainment, and nightlife, while benefiting from quick access to CA-170 and CA-101 freeways for easy commuting throughout Los Angeles. The location is further enhanced by nearby demand drivers such as Los Angeles Valley College, the Van Nuys Courthouse, and an abundance of shopping, public transit, and neighborhood services. This Valley Glen asset offers investors a compelling blend of location, unit mix, and fundamentals in one of the San Fernando Valleys most resilient rental submarkets. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer
Investment highlights
Great Valley Glen Location
Unit Mix: 4-1+1 | 2-2+1
On-Site Parking
On-Site Laundry
Individually metered For Gas And Electric
High Demand Rental Location
Short Distance To NoHo Arts District
Short Distance CA-170 And CA-101 Freeway
Los Angeles Valley College Nearby
Van Nuys Courthouse Nearby
Nearby Shopping/Transit
Listing Contacts
Listed by KW Commercial Studio City
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,111.00
$7,092.58/mo
Valuation Metrics
0
DSCR
5.87%
Cap Rate
5.87%
ROI
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