4454 Coldwater Canyon | Studio City, CA 91604

SALE PRICE: $7,000,000

PRICE/UNIT: $466K          PRICE/SF: $339                  GRM: 15.95                 CAP RATE: 3.95%             

TRANSACTION HIGHLIGHTS

• RECORDED Covenant Tract Map for 15 Condominium units

• VALUE ADD Opportunity with over 40% upside in market rents

• IRREPLACEABLE Studio City Location sandwiched between Sherman Oaks, Valley Village, and Toluca Lake

• PROXIMITY to a plethora of fine dining, grocery, entertainment and shopping options

• EXCELLENT unit mix consisting of Fifteen large 2 bedroom / 2 bathroom units

• NON RENT controlled property built in 1988

• UNITS separately metered for gas and electricity

• PROPERTY sold off market - buyer’s offer was all cash equipped with a short 10 day close. Buyer represented by Michael Monempour