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Colfax Terrace 5444 Colfax Ave 4 Unit Apartment Building $1,550,000 ($387,500/Unit) Valley Village, CA 91601
INVESTMENT HIGHLIGHTS
- Renovated Units including Washer/Dryer
- Excellent Access to Surrounding Los Angeles Neighborhoods
- Spacious Carport Parking
EXECUTIVE SUMMARY
CBRE, Inc. is pleased to present 5444 Colfax Avenue, a well-located multifamily property in the sought-after Valley Village neighborhood of Los Angeles. Located between Simpson Avenue and Troost Avenue, with proximity to the Hollywood Freeway and Chandler Boulevard, this property offers an excellent entry point for investors in the Los Angeles market.
This two-story building, constructed in 1954 and fully renovated in 2019, features four units within ±3,787 SF on a ±6,862 SF LARD1.5 zoned lot. Residents benefit from a vibrant surrounding community, with immediate access to a wide array of dining, grocery, and retail options, as well as convenient access to major thoroughfares connecting to North Hollywood, Korea Town, and Larchmont. The property also presents a significant upside potential with the possibility of ADU construction in the existing carport area. 5444 Colfax Ave presents a solid investment opportunity, providing both stability and the potential for long-term appreciation.
This two-story building, constructed in 1954 and fully renovated in 2019, features four units within ±3,787 SF on a ±6,862 SF LARD1.5 zoned lot. Residents benefit from a vibrant surrounding community, with immediate access to a wide array of dining, grocery, and retail options, as well as convenient access to major thoroughfares connecting to North Hollywood, Korea Town, and Larchmont. The property also presents a significant upside potential with the possibility of ADU construction in the existing carport area. 5444 Colfax Ave presents a solid investment opportunity, providing both stability and the potential for long-term appreciation.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,550,000 | Building Class | C |
| Price Per Unit | $387,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,787 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1954/2019 |
| Apartment Style | Low-Rise | Parking Ratio | 2.25/1,000 SF |
| Zoning | LARD1.5 | ||
| Price | $1,550,000 |
| Price Per Unit | $387,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,787 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2019 |
| Parking Ratio | 2.25/1,000 SF |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 812 - 841 |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 2348-001-051 | Improvements Assessment | $604,785 |
| Land Assessment | $906,630 | Total Assessment | $1,511,415 |
PROPERTY TAXES
Parcel Number
2348-001-051
Land Assessment
$906,630
Improvements Assessment
$604,785
Total Assessment
$1,511,415
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Colfax Terrace | 5444 Colfax Ave
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