$1,100,000
$1,060,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 10/28/2020
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB20181972
Sold Date 10/28/20
HOA Y/N No
Year Built 1943
Lot Size 6,534 Sqft
Acres 0.15
Property Description
5451 Colfax is a charming, well-maintained triplex situated on a 6,567 square foot CORNER LARD1.5 lot in amazing Valley Village- moments from the heart of the NoHo Arts District, Studio City & Tujunga Village. It is made up of three adorable 2b/1b units- two of which will be delivered vacant! Electric, plumbing & roof have all been updated, making this property a true steal at $1,060,000. Check out the video tour to find awesome features such as: fireplaces in all units, a huge enclosed patio in the rear, a private patio for the front unit, an enormous front yard, three 1-car garages, beautiful hardwood floors, gorgeous kitchens with breakfast nooks, & ideal floorplans that tenants will fall in love with. 5451 Colfax offers unlimited options for developers, investors & owner occupiers!
1. Build! This property is on a corner LARD1.5 lot with an ALLEY! Based on our nearby new construction sales, we project an estimated value of $2,500,000+ on a fourplex here. Note- 1 tenant still remains- due diligence required on relocations.
2. Invest/fix & flip! These cottage-like units are truly charming & would be the perfect candidate for an easy flip! With 2 units vacant, you could affordably raise the value of this property right away & either re-sell or keep!
3. Owner occupy! The front cottage would be the perfect place to call home! Have the tenants pay your mortgage… Or make it a family compound & occupy both of the units that will be delivered vacant.
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Zoning LARD1.5
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Ceiling Fan(s), Granite Counters, Tile Counters
Laundry Location Common Area
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile, Wood
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Total Parking Spaces 3
Private Pool No
Building
Lot Description Front Yard, Lawn, Level, Near Public Transit, Sprinkler System, Street Level, Value In Land
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2348007020
Acceptable Financing Submit
Listing Terms Submit
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Maria Provenzano • Avenue Homes