Scott Prince Acquires Multifamily Asset In Studio City From Eric McLeod For $2 Million
4350 Colfax Avenue
$2,000,000
$339/SF
Building Size
5,884 SF
Asset Type
MultiFamily
Closing
Nov 21, 2025
AI
The asset involved in this transaction is a multifamily property located at 4350 Colfax Avenue in Studio City. The property has a sale price of $2,000,000 and encompasses 5,884 square feet, resulting in a price per square foot of $339.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Buyer: Scott Prince
- Seller: Eric McLeod
- Brokers: Tony Sameyah & Reza Ghobadi - Colliers
In this transaction, Scott Prince acquired the property from Eric McLeod, with the brokerage services facilitated by Tony Sameyah and Reza Ghobadi representing the seller. The deal took place on November 21, 2025.
Players
Studio City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93