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4525 Coldwater Canyon Ave Studio City, CA 91604
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Key Details
Sold Price $1,620,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,078 sqft
Price per Sqft $397
MLS Listing ID 25499719
Sold Date 04/16/25
Bedrooms 7
Year Built 1938
Lot Size 6,500 Sqft
Acres 0.1492
Property Sub-Type Multi-Family
Property Description
The Coldwater Canyon Residences are a five unit property located at 4525 Coldwater Ave in Studio City, Los Angeles. The property has a desirable unit mix of (2) 2BR + 1 Bath and (3) 1 BR + 1 Bath units. The front unit is a spacious 2 BR + 1 Bath unit that has a private front yard. Behind the front 2 BR + 1 Bath is a 1 BR + 1 bath unit. Towards the back of the property is a gated parking structure that has parking for four cars. Above the parking structure is the other 2 BR + 1 bath units and two of the 1 BR + 1 Bath units. The total size of the property is approximately 4,078 SF and the size of the lot is, 6,498 SF with LAR3 Zoning. Some of the units have received tasteful renovations with hardwood floors, updated bathrooms and new kitchen appliances. The property generates a strong gross income of approximately $122,946 and has about 15% rental upside. The Coldwater Canyon Residences provide an excellent multi-family investment opportunity in one of the most highly sought after rental locations in all of Los Angeles and the San Fernando Valley.
Location
State CA
County Los Angeles
Area Studio City
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Electric, Air Conditioning
Equipment Microwave, Range/Oven, Refrigerator, Washer, Dryer
Exterior
Parking Features Carport
Garage Spaces 6.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with Miller & Desatnik Realty Co.