$4,280,000
5131 Colfax Avenue Valley Village, CA 91601
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$4,280,000
Est. payment /mo
10 Beds
12 Baths
8,194 Sqft Lot
UPDATED:
10/15/2024 11:54 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD24125901
Bedrooms 10
HOA Y/N No
Lot Size 8,194 Sqft
Property Description
This newer 8 unit apartment building was originally built as 9 units. Two units were combined together to approve it as a Condo Project. The process was never completed. The large 4 BR unit is intentionally kept vacant. The new owner could easily re-convert the one large 4 BR unit back into two 1270 sq ft units (one 2 BR 2.5 BA unit & one 2 BR 2.5 BA ADU) making a total of 9 units. Buyer to verify with the City. All units are equipped with Central Air & Heat, Washer & Dryer, wood floors and the property's gated semi-subterranean with 16 assigned parking spaces & 2 additional guest parking spaces add a sought-after element of convenience. Centrally located moments from CBS, NBC, Universal, Disney, and Warner Bros. Studios, public transportation, beloved Valley Village Park, the famed NoHo Arts District and the NoHo West mega-complex. This is the place to invest.
This newer 8 unit apartment building was originally built as 9 units. Two units were combined together to approve it as a Condo Project. The process was never completed. The large 4 BR unit is intentionally kept vacant. The new owner could easily re-convert the one large 4 BR unit back into two 1270 sq ft units (one 2 BR 2.5 BA unit & one 2 BR 2.5 BA ADU) making a total of 9 units. Buyer to verify with the City. All units are equipped with Central Air & Heat, Washer & Dryer, wood floors and the property's gated semi-subterranean with 16 assigned parking spaces & 2 additional guest parking spaces add a sought-after element of convenience. Centrally located moments from CBS, NBC, Universal, Disney, and Warner Bros. Studios, public transportation, beloved Valley Village Park, the famed NoHo Arts District and the NoHo West mega-complex. This is the place to invest.
This newer 8 unit apartment building was originally built as 9 units. Two units were combined together to approve it as a Condo Project. The process was never completed. The large 4 BR unit is intentionally kept vacant. The new owner could easily re-convert the one large 4 BR unit back into two 1270 sq ft units (one 2 BR 2.5 BA unit & one 2 BR 2.5 BA ADU) making a total of 9 units. Buyer to verify with the City. All units are equipped with Central Air & Heat, Washer & Dryer, wood floors and the property's gated semi-subterranean with 16 assigned parking spaces & 2 additional guest parking spaces add a sought-after element of convenience. Centrally located moments from CBS, NBC, Universal, Disney, and Warner Bros. Studios, public transportation, beloved Valley Village Park, the famed NoHo Arts District and the NoHo West mega-complex. This is the place to invest.
Location
State CA
County Los Angeles
Area North Hollywood (91601)
Zoning Assessor
Exterior
Garage Unit1:Assigned
Building
Lot Description Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Others
Monthly Total Fees $139
Acceptable Financing Cash
Space Rent $4,500
Listing Terms Cash
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Listed by Andrew Awaida • Remax Optima
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "