5914 Coldwater Cyn Ave Valley Village, CA 91607-1029

Property Details for 5914 Coldwater Cyn Ave

Year built

1953

Construction

WOOD

Lot size

0.16 lot acres

Property size

5,978 SF

Zone code

LAR3

Property type

Apartment buildings

APN

2341-007-034

APU

2341007034

Description

This exceptional six-unit apartment building, located at 5914 Coldwater Canyon Ave, Los Angeles, CA 91607, presents a compelling investment opportunity. The property boasts 5,978 square feet on a substantial 6,789-acre lot, offering ample space and potential for expansion. Built in 1953, the building is zoned R3-1, allowing for the possibility of adding three accessory dwelling units (ADUs), significantly increasing rental income and property value. Each of the six units is individually metered for gas and electricity, providing efficient utility management. Three two-car garages offer convenient parking and storage for residents. The asking price is $1,775,000, translating to $304,167 per unit and a price per square foot of $305. The property currently enjoys a 3.25% cap rate, with significant potential for rental upside. Renovating vacant units could boost rents by approximately 50%, capitalizing on the increasing demand for upgraded housing in the desirable Valley Village neighborhood. This area is known for its tranquil suburban setting, excellent schools, and strong community, making it an attractive location for renters. The property's location in Los Angeles County, with its APN 2341-007-034, further solidifies its investment appeal. This is a rare opportunity to acquire a multifamily property with substantial growth potential in a thriving Los Angeles market.

Location Insight

City

Valley Village

County

Los Angeles

State

California

Longitude

-118.413

Latitude

34.1779

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments