Keller Williams Palos Verdes
Listed by Keller Williams Palos Verdes
$3,950,000
4453 Colfax Ave
Details
APN 2364010067
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 5.76%
Buildings 2
Stories 3
Acreage 0.140
Zoning Builder
Multifamily | 5.76% CAP | 4 Units
Marketing description
Exceptional Investment Opportunity Newly Constructed Fourplex with No Rent Control Presenting a rare opportunity to acquire a newly constructed fourplex in a prime Studio City location, offering no rent control, extremely low operating expenses, and multiple income strategies. This low-maintenance asset consists of four modern townhome-style units, each separately metered for gas, water, and electricity, making it ideal for both long-term and short-term rental investors. The property currently generates strong income with two rear units leased at $12,000/month combined and two front units operating as active Airbnb rentals producing approximately $13,693/month. Estimated overall cap rate of approximately 5.76%, with upside potential due to efficient construction and flexible use. Four newly built, three-level townhomes No rent control Fully furnished and Airbnb-ready, with active bookings in place 16 total rooms, all equipped with smart locks, flat-screen TVs, and mini-refrigerators Four fully equipped kitchens featuring sleek modern cabinetry, quartz countertops, and stainless steel appliances 16 high-end bathrooms with elegant finishes and modern vanities Private entrance for each unit In-unit washer and dryer for all residences Unit Layout: First Level: Reception area, bedroom, and full bathroomideal for guests or multi-generational living Second Level: Open-concept kitchen and living area, balcony, abundant natural light, additional bedroom and full bathroom Third Level: Two spacious primary suites, each with its own en-suite bathroom Parking & Security: Five assigned
Listing Contacts
Keller Williams Palos Verdes
Listed by Keller Williams Palos Verdes
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