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5438 Colfax Ave 2 Unit Apartment Building Offered at $1,487,651 CAD North Hollywood, CA 91601
Investment Highlights
- TWO VACANT HOMES ON A LOT!
Executive Summary
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!
Property Facts
| Price | $1,487,651 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $743,825 CAD | Building Size | 1,761 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1952 |
| Zoning | LARD1.5 | ||
| Price | $1,487,651 CAD |
| Price Per Unit | $743,825 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Building Size | 1,761 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1952 |
| Zoning | LARD1.5 |
Amenities
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $6,376 CAD | 815 |
| 1+1 | 1 | $4,959 CAD | 946 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2348-001-052 | Improvements Assessment | $564,364 CAD |
| Land Assessment | $846,545 CAD | Total Assessment | $1,410,909 CAD |
Property Taxes
Parcel Number
2348-001-052
Land Assessment
$846,545 CAD
Improvements Assessment
$564,364 CAD
Total Assessment
$1,410,909 CAD
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5438 Colfax Ave
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