Search
5131 Colfax Ave, Valley Village, CA 91601
Image 2 for 5131 Colfax Ave, Valley Village, CA 91601
Image 3 for 5131 Colfax Ave, Valley Village, CA 91601
View Photos

5131 Colfax Ave Valley Village, CA 91601

$4,280,000
  • 18 Beds
  • 20 Baths
  • 11,424 Sq.Ft.
For Sale
$4,280,000 Get Pre-Qualified

Property Overview: 5131 Colfax Ave Valley Village, CA has 18 bedrooms, 20 bathrooms, 11,424 living square feet and 8,194 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Andrew Awaida | BRE #01018186 | Remax Optima
Last checked: 8 minutes ago | Last updated: July 26th, 2024 | Source CRMLS | DOM: 95
Get a $9,630 Cash Reward New

Buy this home with Ardent Real Estate Group and get $9,630 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
8,194
HOA Dues
$0/mo
Year built
2008
Garage
18 Car
Property Type:
Townhouse
Status
Active
MLS#
GD24125901
City
Valley Village
County
Los Angeles
Time on Site
100 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,500
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,775
  • Total Rent: $8,325
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $2,850
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.11%
  • Gross Rent Multiplier: 15.23
  • Gross Scheduled Income: $281,100
  • Net Operating Income: $218,721
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $62,379
  • Electric: $2,010
  • Gas/Fuel: $4,380
  • Trash: $3,548
  • Insurance: $2,492
  • Professional Management: $11,172
  • Water/Sewer: $11,002

Open Houses for 5131 Colfax Ave

No upcoming open houses

Schedule Tour

Property Details for 5131 Colfax Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 18
  • # of Parking Spaces: 18
  • Has Parking
  • Parking Features: Assigned, Subterranean
Lot Information
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 8
  • Parcel Number: 2355005065
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Magnolia Blvd & Colfax Ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Valley Village Agent

Sale History for 5131 Colfax Ave

View property's historical transactions

  • June, 2024

  • Jun 19, 2024

    Date

    Active

    CRMLS: GD24125901

    $4,480,000

    Price

Tax History for 5131 Colfax Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

5131 Colfax Ave is listed 229.74% higher than the median list price for the city of Valley Village which has a median list price of $1,298,000. The median price per/sqft for Valley Village is $672 and this home is listed at $374.65 per/sqft which puts the price per square foot 44.25% lower than the median price per square foot for the city of Valley Village.

About 5131 Colfax Ave

Detailed summary of property

5131 Colfax Ave is a townhouse located in Valley Village, CA 91601 and is currently for sale. This townhouse offers 18 bedrooms, 20 bathrooms, roughly 11,424 living square feet, and sits on an approximately 8,194 square foot lot. 5131 Colfax Ave was first listed on ArdentRealEstateGroup.com on June 19, 2024. The homeowner is currently asking $4,280,000 and was originally asking $4,480,000. The median priced home in Valley Village is $1,298,000 with a median price per square foot of $672. Based on Ardent Real Estate Group's Valley Village Market Data, this home is listed 229.74% higher than the median priced home. While the average home in Valley Village, CA is selling in 72 days, 5131 Colfax Ave has a days on market of 95 days. There are currently 70 homes for sale in the Valley Village real estate market and 42 of them are single family homes while 21 of them are condos and 7 are townhomes. For more information on this home for sale at 5131 Colfax Ave Valley Village, CA 91601 contact Ardent Real Estate Group and we will put you in touch with one of our Valley Village agents.

Public Facts for 5131 Colfax Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

91601 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,000
Median List Price/Sq.Ft.
$747
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$702
Total Inventory
55
Median Sale to List Price %
101.27%
Avg Days on Market
40
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (33.33%), Other (33.33%)

Tour This Home

Buy with Ardent Real Estate Group and save $9,630.

Image Description
Contact Jon
Valley Village Agent
Call, Text or Message
(714) 706-1823
Get a $9,630 Cash Reward New

Buy this home with Ardent Real Estate Group and get $9,630 back.

Call/Text (714) 706-1823

Related Resources to 5131 Colfax Ave

New Listings in 91601
Popular Zip Codes
Popular Cities
Other Valley Village Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Call