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5302-5304 Colodny Dr 1 Unit Apartment Building $3,698,000 ($3,698,000/Unit) 5.66% Cap Rate Agoura Hills, CA 91301
Investment Highlights
- Turnkey Asset with Extensive Capital Improvements
- Premium, High-End Unit Renovations
- Brand New ADUs & Proven Market Rents
- Modern, In-Demand Tenant Amenities
Executive Summary
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.
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.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$321,604
|
$43.41
|
| Other Income |
$11,400
|
$1.54
|
| Vacancy Loss |
$9,648
|
$1.30
|
| Effective Gross Income |
$323,356
|
$43.65
|
| Taxes |
$43,930
|
$5.93
|
| Operating Expenses |
$70,155
|
$9.47
|
| Total Expenses |
$114,085
|
$15.40
|
| Net Operating Income |
$209,271
|
$28.25
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $321,604 |
| Annual Per SF | $43.41 |
| Other Income | |
|---|---|
| Annual | $11,400 |
| Annual Per SF | $1.54 |
| Vacancy Loss | |
|---|---|
| Annual | $9,648 |
| Annual Per SF | $1.30 |
| Effective Gross Income | |
|---|---|
| Annual | $323,356 |
| Annual Per SF | $43.65 |
| Taxes | |
|---|---|
| Annual | $43,930 |
| Annual Per SF | $5.93 |
| Operating Expenses | |
|---|---|
| Annual | $70,155 |
| Annual Per SF | $9.47 |
| Total Expenses | |
|---|---|
| Annual | $114,085 |
| Annual Per SF | $15.40 |
| Net Operating Income | |
|---|---|
| Annual | $209,271 |
| Annual Per SF | $28.25 |
Property Facts
| Price | $3,698,000 | Apartment Style | Low-Rise |
| Price Per Unit | $3,698,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 5.66% | Building Size | 8,172 SF |
| Gross Rent Multiplier | 11.5 | Average Occupancy | 100% |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Zoning | R335U, Agoura Hills | ||
| Price | $3,698,000 |
| Price Per Unit | $3,698,000 |
| Sale Type | Investment |
| Cap Rate | 5.66% |
| Gross Rent Multiplier | 11.5 |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 8,172 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | R335U, Agoura Hills |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | - | 550 |
| 1+1 | 4 | - | 850 |
| 2+1 | 1 | - | 825 |
| 2+2 | 3 | - | 1,100 |
| Studios | 2 | - | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2055-007-060 | Total Assessment | $1,954,320 (2025) |
| Land Assessment | $785,400 (2025) | Annual Taxes | $43,930 ($5.38/SF) |
| Improvements Assessment | $1,168,920 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2055-007-060
Land Assessment
$785,400 (2025)
Improvements Assessment
$1,168,920 (2025)
Total Assessment
$1,954,320 (2025)
Annual Taxes
$43,930 ($5.38/SF)
Tax Year
2026
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