5914 Coldwater Canyon Avenue

Valley Village, CA 91607

$1,800,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $301 / sqft

1953

calendar_month Built

Property Description

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 5914 Coldwater Canyon Avenue
City Valley Village
State CA
Zip 91607
County Los Angeles
Listing Agent Manny Nunez DRE#01990970
Co-Listing Agent Cray Carlson DRE#01101138
Courtesy Of CB Richard Ellis, Inc.
MLS 24360631
List Price $1,800,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 6,791
Year Built 1953
DOM 43

Exterior Information

Maps

Listing information courtesy of: Manny Nunez, Cray Carlson, CB Richard Ellis, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 1st, 2024 at 6:00 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.