5302-5304 Colodny Dr - Apartments FOR SALE


Agoura Hills, CA 91301- East Agoura
$3,698,000 USD
718-406-3128
5302-5304 Colodny Dr, Agoura Hills, CA for Sale
$3,698,000 USD
Apartments - FOR SALE
1/49
null | 5.66% Cap Rate

5302-5304 Colodny Dr
Agoura Hills, CA 91301
East Agoura


HIGHLIGHTS

  • Turnkey Asset with Extensive Capital Improvements
  • Brand New ADUs & Proven Market Rents
  • Premium, High-End Unit Renovations
  • Modern, In-Demand Tenant Amenities

OVERVIEW

This exceptional multifamily asset represents a rare opportunity to acquire a true pride-of-ownership property in Agoura Hills—a notoriously low-velocity, high-barrier-to-entry market where inventory of this caliber is seldom available. Savvy buyers will appreciate that the seller has heavily front-loaded the most burdensome capital expenditures, significantly minimizing future maintenance reserves and protecting your cash flow from day one. With a 50-year roof, an overhauled main driveway, dual-pane windows, and a newly replaced sewer line to the back building, the heavy lifting has already been done. The financial upside is further solidified by the recent addition of brand-new, value-packed Accessory Dwelling Units (ADUs). With an ADU already leased, the property delivers an immediate proof of concept, effortlessly validating its ability to command top-tier market rents. Additionally, the existing units offer a premium tenant experience, having undergone extensive modern renovations between 2021 and 2022. Finished with high-end quartzite and granite countertops, stainless-steel appliances, luxury waterproof laminate flooring, and custom-tiled bathrooms, these units easily attract and retain premium renters. Beyond the cosmetics, the property’s mechanical efficiency has been fully modernized with dedicated tankless water heaters and updated split-system heating and air. Tenants enjoy highly sought-after amenities like in-unit laundry or dedicated laundry closets in most spaces, alongside a communal laundry room. Positioned in a premier neighborhood celebrated for its top-tier school district and affluent demographics, this stabilized asset offers a historically low vacancy rate and unmatched macroeconomic resilience. For the investor seeking a passive, hands-off asset with proven high yields in an elite location, this property checks every single box.

FOR SALE DETAILS

PRICE

$3,698,000 USD

PRICE/SF

$499 USD /SF

# OF UNITS

1

PRICE/UNIT

$3,698,000

CAP RATE

5.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

R335U, Agoura Hills

APN/PARCEL ID

2055-007-060

ASK ABOUT THIS PROPERTY

Sam LiberowMarcus & MillichapMore Info
718-406-3128

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Sam LiberowMarcus & MillichapMore Info
718-406-3128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.