Views
Address
5451 Colfax Avenue Valley Village, CA
Price
$ 1,060,000
Property Attributes
  • ML#BB20181972
  • TypePending
  • CountyLOS ANGELES
  • CityValley Village
  • AreaValley Village
  • Zip91601
  • Style
  • Price$ 1,060,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2444
  • Lot Size6,569 SqFt
Listing Provided Courtesy Of:
Elizabeth Maddox with The 2-4 Unit Specialists.
Property Description

5451 Colfax is a charming, well-maintained triplex situated on a 6,567 square foot CORNER LARD1.5 lot in amazing Valley Village- moments from the heart of the NoHo Arts District, Studio City & Tujunga Village. It is made up of three adorable 2b/1b units- two of which will be delivered vacant! Electric, plumbing & roof have all been updated, making this property a true steal at $1,060,000. Check out the video tour to find awesome features such as: fireplaces in all units, a huge enclosed patio in the rear, a private patio for the front unit, an enormous front yard, three 1-car garages, beautiful hardwood floors, gorgeous kitchens with breakfast nooks, & ideal floorplans that tenants will fall in love with. 5451 Colfax offers unlimited options for developers, investors & owner occupiers! 1. Build! This property is on a corner LARD1.5 lot with an ALLEY! Based on our nearby new construction sales, we project an estimated value of $2,500,000+ on a fourplex here. Note- 1 tenant still remains- due diligence required on relocations. 2. Invest/fix & flip! These cottage-like units are truly charming & would be the perfect candidate for an easy flip! With 2 units vacant, you could affordably raise the value of this property right away & either re-sell or keep! 3. Owner occupy! The front cottage would be the perfect place to call home! Have the tenants pay your mortgageā€¦ Or make it a family compound & occupy both of the units that will be delivered vacant.

Price History
9/8/2020 Listed $1,060,000

General Features

Attached Structure Attached
Co-Listing Agent Last Name Maddox
Co-Listing Agent Last Name Ian
Co-Listing Agent State License # 02030205
Co-listing Agent Ian Maddox - BRE#02030205
Community Features Curbs, Sidewalks, Street Lights
Cooling Wall/Window Unit(s)
Directions On Colfax, South of Burbank Blvd.
Flooring Tile, Wood
Garage Spaces 3.00
HOA Fee 0.00
Heating Wall Furnace
Interior Features Ceiling Fan(s), Granite Counters, Tile Counters
Levels Two
Listagentaor Burbank
Listing Agent Elizabeth Maddox - BRE#01921425
Listing Agent State License 01921425
MLS Area VVL - Valley Village
Number of Units Leased 1
Pool Features None
Price Per Square Foot 433.72
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Spa Features None
Special Listing Conditions Standard
Total Units 3
View Neighborhood
Zoning LARD1.5

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area 815
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 1 Common Wall
Fireplace Features Living Room
Fireplace Y/N Yes
Heating Y/N Yes
Laundry Features Common Area
Laundry Y/N Yes
Room Type Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 2444.00
Lot Features Front Yard, Lawn, Level with Street, Lot 6500-9999, Level, Near Public Transit, Sprinkler System, Value In Land
Lot Size Acres 0.1508
Lot Size Area 6567.0000
Lot Size Source Assessor
Lot Size Square Feet 6567.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 3
Number of Separate Gas Meters 3
Number of Separate Water Meters 1
Road Frontage Type City Street
Road Surface Type Paved
Total Parking 3.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91601

Price
AVG $1.19M
$1.06M
Visits
AVG 38
27
Year Built
AVG 1962
1943

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