4544 Colbath Avenue | Sherman Oaks, CA 91423

SALE PRICE: $3,200,000

PRICE/UNIT: $320K          PRICE/SF: $311                  GRM: 10.96                 CAP RATE: 5.79%             

TRANSACTION HIGHLIGHTS

• FIRST TIME the property has been sold since construction in 1963 by the family of the original developer

• A Sherman Oaks location adjacent to Studio City + Encino

• EXCEPTIONAL Value-add potential approximately 18% upside in market rents

• EXCELLENT Unit Mix consisting of (3) 1 bedroom/1 bathroom, (5) 2 bedroom/2 bathroom, (2) 3 bathroom /2 bathroom units

• RECENT UPGRADES include a completed earthquake seismic retrofit and new electric sub panels

• SOLD for $200,000 above the list price

• THREE UNITS delivered vacant at the close of escrow

• BUYER represented by Michael Monempour + Jason Matatiaho