Cynthia Perez Brown
Sotheby's International Realty
(424) 367-1611
23 Total Sales
1 in Studio City
$1,260,000 Price
4557 Colfax Ave North Hollywood, CA 91602
Studio City AreaEstimated Value: $1,350,000 - $1,635,657
6
Beds
5
Baths
3,063
Sq Ft
$486/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Wood Flooring
- Living Room Balcony
- North Hollywood Senior High School Rated A
- Neighborhood Views
- Landscaped
About This Home
As of June 20214557 Colfax is a pride-of-ownership triplex made up of two gorgeous 1986 construction 2 bedroom, 2 bathroom units and a charmingly updated 1940’s 2 bedroom, 1 bathroom house with a private yard. Situated in upscale Studio City, this property is one of very few 2-4 unit properties to ever hit the market in this rare and prestigious area. These units have wonderful tenants who have all paid rent during Covid-19 at close to market rents of $2,500, $2,300 and $2,045. The property boasts an outstanding current cap rate of 4% and a pro forma cap rate of 4.56%.
This property was fully renovated in 2005 and has been lovingly maintained over the years. It features an extensive list of upgrades including: a huge, enclosed front yard, large balconies/porches for all three units, washer/dryers in all units, fireplaces in both rear units, high ceilings, new metal and wood security gates, a new roof within the past 5 years, a Lorex security system and flood lights, a newly landscaped side yard, a recently replaced front fence and newly repainted exterior trim. Unit 4555 has recently rebuilt and sealed exterior stairs, as well as new stainless steel kitchen appliances, washer and dryer, kitchen faucet and hot water tank. Unit 4557 features updates including restored wood floors, a remodeled kitchen with white subway tile, and a hot water tank that has been replaced within the past 7 years. Unit 4553 boasts a new stove and water heater as of a few years ago.
Last Agent to Sell the Property
Myunits.com Inc. License #01921425 Listed on: 04/07/2021
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940 | Remodeled
Lot Details
- 5,574 Sq Ft Lot
- Two or More Common Walls
- Fenced
- New Fence
- Landscaped
- Level Lot
- Front Yard
Home Design
- Triplex
- Traditional Architecture
Interior Spaces
- 3,063 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Neighborhood Views
Kitchen
- Gas Range
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Laundry
- Dryer
- Washer
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
Outdoor Features
- Living Room Balcony
- Exterior Lighting
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 140
- Tax Tract Number 8631
- Assessor Parcel Number 2364007047
Community Details
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,225
- Maintenance Expense $1,200
- Water Sewer Expense $2,400
- New Taxes Expense $16,981
- Operating Expense $23,007
- Gross Income $6,845
- Net Operating Income $56,669
Additional Features
- 3 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 15, 2005
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,000
Outstanding Balance
$339,747
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,149,667
Purchase Details
Closed on
Aug 25, 2004
Sold by
Bought by
Purchase Details
Closed on
Apr 16, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,400
Interest Rate
6.87%
Purchase Details
Closed on
Mar 14, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,400
Interest Rate
6.87%
Purchase Details
Closed on
Mar 18, 1994
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
3.87%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in North Hollywood, CA
-
Cynthia Perez Brown
-
Rick Ojeda
Rick Ojeda
Carolwood Estates
(424) 499-2867
32 Total Sales
1 in Studio City
$2,525,000 Price
-
Andrew Belcher
Andrew Belcher
RIGHT HERE REALTY
(310) 270-2477
39 Total Sales
3 in Studio City
$1.8M - $5.3M Price Range
-
Dennis Maynard
Dennis Maynard
LPT Realty, Inc
(424) 421-1811
9 Total Sales
1 in Studio City
$1,600,000 Price
-
Dennis Chernov
Dennis Chernov
Equity Union
(626) 657-2705
468 Total Sales
144 in Studio City
$615K - $6.7M Price Range
-
Jack Stevenson
Jack Stevenson
Realty ONE Group Summit
(805) 918-8119
48 Total Sales
1 in Studio City
$1,250,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $960,000 | Equity Title | ||
| -- | -- | ||
| -- | First American Title Co | ||
| $388,000 | First American Title Co | ||
| $315,000 | United Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $672,000 | ||
| Previous Owner | $310,400 | ||
| Previous Owner | $252,000 | ||
| Closed | $38,800 | ||
| Closed | $48,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/22/2021 06/22/21 | Sold | $1,425,000 | +0.7% | $465 / Sq Ft |
| 04/14/2021 04/14/21 | Pending | -- | -- | -- |
| 04/07/2021 04/07/21 | For Sale | $1,415,000 | -- | $462 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,880 | $1,542,464 | $974,188 | $568,276 |
| 2024 | $18,676 | $1,512,221 | $955,087 | $557,134 |
| 2023 | $18,316 | $1,482,570 | $936,360 | $546,210 |
| 2022 | $17,467 | $1,453,500 | $918,000 | $535,500 |
| 2021 | $14,747 | $1,212,001 | $832,826 | $379,175 |
| 2020 | $14,895 | $1,199,575 | $824,287 | $375,288 |
| 2019 | $14,309 | $1,176,055 | $808,125 | $367,930 |
| 2018 | $13,621 | $1,105,000 | $759,300 | $345,700 |
| 2016 | $11,976 | $975,000 | $670,000 | $305,000 |
| 2015 | $11,978 | $975,000 | $670,000 | $305,000 |
| 2014 | $8,421 | $660,000 | $454,000 | $206,000 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Maddox
Seller's Agent in 2021
Elizabeth Maddox
Myunits.com Inc.
(818) 850-8485
88 Total Sales
-
Ian Maddox
I
Seller Co-Listing Agent in 2021
Ian Maddox
Myunits.com Inc.
(818) 859-7242
52 Total Sales
-
Amir Ladjevardi
Buyer's Agent in 2021
Amir Ladjevardi
Beverly and Company, Inc.
(818) 501-7100
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB21071947
APN: 2364-007-047
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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