5438 Colfax Avenue
Valley Village, CA, 91601 $ 1,050,000
Baths0.0 Sq 1,761 Monthly Estimate*
$ 6,630
Studio for $1,050,000. This 1,761 square foot home was built in 1952 on a lot size of 0.16.
Presenting a rare and valued investment opportunity located in prime Valley Village: A vibrant, picturesque tree lined community and one of the most sought after neighborhoods in the San Fernando Valley. A beautifully reimagined property that offers the versatility of TWO VACANT HOMES ON A LOT with LARD1.5 zoning. An exceptional offering for investors, owner-users, or those seeking the ideal multi-generational living arrangement. Thoughtfully designed to balance privacy, comfort, and shared outdoor living, the property embodies the flexibility and lifestyle today's buyers desire. The gated exterior is a well-manicured, eco-friendly fusion of garden and greenery offering exceptional curb appeal. The front residence has been extensively remodeled and showcases a light-filled two-bedroom, one-bath floorplan where contemporary finishes and thoughtful design create a warm, inviting atmosphere. The modernized bath features sleek subway tile and Kohler fixtures. The kitchen is an open culinary center where style, form and function unite with sleek quartz countertops and high end Viking professional appliances. Privately positioned beyond the sparkling pool, the rear residence offers a charming one-bedroom, one-bath layout enhanced by a spacious loft that provides endless flexibility as an office, creative studio, guest accommodations, or additional living space. A generous freshly landscaped gated grassy backyard creates a peaceful retreat ideal for outdoor recreation, gardening, or quiet relaxation. The resort-inspired solar heated pool serves as the centerpiece of the property, creating a natural gathering place while thoughtfully separating the two homes to provide both connection and privacy. Each residence is independently equipped with its own washer and dryer, adding convenience and enhancing the property's livability. Centrally located with proximity to Universal, Burbank, Disney, CBS, and Warner Bros. Studios, beloved Valley Village Park, the Metro Line, the famed NoHo Arts District and the NoHo West mega-complex. Whether you're looking to generate rental income, accommodate extended family, or enjoy the flexibility of living in one home while leasing the other, this exceptional property presents a wealth of possibilities. A unique investment opportunity combining versatility, lifestyle, and enduring value. Welcome!
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FeaturesGeneralLiving Area 1761
Heating Central
Cooling Central Air
Zoning LARD1.5
Architectural Style Traditional
Security Features Gated Community
Year Built 1952
Levels One
County Los Angeles
New Construction false
Property Type Residential Income
HOA false
Status Active
City Valley Village
Senior Community Y/N false
MLS Area VVL - Valley Village
Lot Size Units Square Feet
Lot Size Square Feet 6863
Spa Features In Ground
Property Condition Updated/Remodeled
Virtual Tour https://my.matterport.com/show/?m=ajzwtPp6jjW&play=1
Structure Type None
Standard Status Active
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InteriorInterior Amenities Ceiling Fan(s) Open Floorplan Recessed Lighting
Flooring Tile Wood
Fireplace Features Living Room Outside
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Dryer Included Washer Included
Total Baths 0
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ExteriorParking Features Driveway
Lot Features Landscaped Lawn Back Yard
Water Source None
Lot Size Area 6863
Spa false
Building Area Total 1761
Lot Size Acres 0.16
Door Features Sliding Doors
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* Excluded FeaturesList ByMichael J. OkunListing Agent
Sotheby's International RealtyBroker
Michael@theMJOgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,630
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $1,679,095
Percent of Sale Price 60%
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.
4827338 Elementary School
0 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/9/2026 | $1,050,000 | | Listed Price |