5914 Coldwater Canyon Avenue
Valley Village, CA, 91607 $ 1,800,000
Baths0.0 Sq 5,978 Monthly Estimate*
$ 12,574
Studio
for $1,800,000. This 5,978 square foot home was built in 1953 on a lot size of 0.16.
We are pleased to exclusively present 5914 Coldwater Canyon Ave, a remarkable investment opportunity in the heart of Valley Village. Note: Seller may carry. This meticulously maintained 6-unit property spans approximately 5,978 square feet on an approximately 6,789 square feet, zoned R3-1. Nestled in the prestigious Valley Village area, known for its affluent residential character with an average single-family home price of $2,062,857 and a median sales price of $1,745,000, the property stands as a beacon of potential.5914 Coldwater Canyon Ave boasts a well-conceived unit mix, comprising four one-bedroom/one-bathroom units alongside two spacious two-bedroom/one-bathroom units. Its prime location, just a block away from Los Angeles Valley College, anchors the property in a vibrant community and ensures a robust tenant base that includes local college students, offering stability and consistent demand. The investment potential is further enhanced by a rear detached garage, currently offering six parking spaces. This space is primed for the development of two additional 2-bedroom, 1-bathroom Accessory Dwelling Units (ADUs), potentially expanding the total unit count to eight and diversifying the income stream for a discerning investor. In terms of property improvements, 5914 Coldwater Canyon Ave does not disappoint. Four of the units have undergone tasteful remodeling, ensuring modern comfort and appeal. The building's plumbing system has been comprehensively upgraded, laying the groundwork for reduced maintenance concerns. Parking arrangements are currently designated for only two units, presenting an immediate opportunity to boost revenue by optimizing the use of available space. Utility-wise, the property stands out for its efficiency and cost-effectiveness. Each unit is separately metered for gas and electric and benefits from individual water heaters, a strategic setup that significantly lowers operating expenses and enhances the appeal for prospective tenants. In summary, 5914 Coldwater Canyon Ave is not just an investment in real estate; it's an opportunity to own a piece of Valley Village's charm and potential. With a substantial rental upside of over 60% in a high-demand rental area, this property promises to be a lucrative asset and an excellent hedge against inflation.
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FeaturesGeneralZoning LAR3
Year Built 1953
Levels Multi/Split
County Los Angeles
Net Operating Income 61957.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Valley Village
Buyer Agent Compensation 2.50
Senior Community Y/N No
MLS Area VVL - Valley Village
Lot Size Square Feet 6791.0
Street Name Coldwater Canyon
Standard Status Active
Buyer Agent Compensation Type %
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ExteriorParking Features Gated
Lot Size Area 6791.0
Building Area Total 5978.0
Lot Size Acres 0.16
Lot Size Units Square Feet
Land Lease Type Fee
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InteriorTotal Stories 2
Street Suffix Avenue
Total Baths 0
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* Excluded FeaturesList ByCb Richard Ellis, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $12,574
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Valley Village, CA
Average List Price $4,718,750
Percent of Sale Price 162%
About Valley Village, CA 30,228 Population
7% Since 2002
$ 57,870 Median Income
40.27 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/2/2024 | $1,800,000 | -10.00% | Price Down |
2/21/2024 | $2,000,000 | | Listed Price |