4510 Colbath Avenue

    Sherman Oaks, CA 91423
    • $7,450,000
    • STATUS: Pending
    • ON SITE: 128 days
    • ID#: 18363494
    Pending
    UPDATED: 28 min ago
    $7,450,000
    • 0
      BEDS
    • 0.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,936
      SQFT
    • $415
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Five lower paying tenants have given official notice to vacate since these properties were last available on the market. Sale includes two side by side apartment buildings on separate parcels consisting of six 1+1s, fourteen 2+2s and two 3+2s. Five units have undergone a complete remodel including new brushed nickel plumbing fixtures, drains, supply lines, water lines, porcelain tile in kitchens and bathrooms, paint, scraped ceilings, custom white wood and self closing kitchen and bathroom cabinets, charcoal quartz countertops, white subway tile backsplashes in the kitchen and shower area, stainless steel appliances, light fixtures, recessed lighting, updated electrical and waterproof laminate flooring. Other property upgrades include new storefront glass door entries, front awnings, exterior paint and landscaping touch ups. There is a laundry room in each building with seller owned equipment, garage parking at the front of the buildings and additional covered parking at the back.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T22:31:52.707. 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. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/85477834

    4510 Colbath Avenue Sherman Oaks, CA 91423

    • Price: $7,450,000
    • Status: Pending
    • Updated: 28 min ago
    • ID#: 18363494
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.49
    Acres
    17,936
    SQFT
    $415
    $/SQFT
    1963
    Built
    Neighborhood:
    SO - Sherman Oaks
    County:
    Los Angeles
    Area:
    SO - Sherman Oaks
    Property Description
    Five lower paying tenants have given official notice to vacate since these properties were last available on the market. Sale includes two side by side apartment buildings on separate parcels consisting of six 1+1s, fourteen 2+2s and two 3+2s. Five units have undergone a complete remodel including new brushed nickel plumbing fixtures, drains, supply lines, water lines, porcelain tile in kitchens and bathrooms, paint, scraped ceilings, custom white wood and self closing kitchen and bathroom cabinets, charcoal quartz countertops, white subway tile backsplashes in the kitchen and shower area, stainless steel appliances, light fixtures, recessed lighting, updated electrical and waterproof laminate flooring. Other property upgrades include new storefront glass door entries, front awnings, exterior paint and landscaping touch ups. There is a laundry room in each building with seller owned equipment, garage parking at the front of the buildings and additional covered parking at the back.
    Exterior Features

    Direction Faces West Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage - Two DoorCovered Parking Parking YN Yes Pool Features None Pool Private YN No View None View YN No

    Interior Features

    Appliances Gas Water HeaterWater Heater CentralRefrigeratorDishwasher Appliances YN Yes Cooling Wall Window Cooling YN Yes Fireplace Features None Fireplace YN No Laundry Features Area

    Property Features

    Cap Rate 4.08 Gross Multiplier 15.50 Gross Operating Income 471032.00 Improvements Amount 680984 Land Value 380758 Laundry YN Yes Net Operating Income 304206.00 Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 166826.00 Zoning Lar3

    Listing provided courtesy of Joshua Johnson of Power Property Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T22:31:52.707. 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. Licensed in the State of California, USA.
     
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