5131 Colfax Ave North Hollywood, CA 91601-3623
- Apartment buildings
- 11,424 SF
- 0.19 lot acres
Current Use by Public Records
- G 3 Holding LLC / Holding Company / Real Estate
Property Details for 5131 Colfax Ave
- Year built
- 2008
- Construction
- WOOD
- Lot size
- 0.19 lot acres
- Property size
- 11,424 SF
- Zone code
- LAC2
- Property type
- Apartment buildings
- APN
- 2355-005-065
- APU
- 2355005065
Description
This exceptional 8-unit apartment building in Los Angeles, CA presents a compelling investment opportunity. Built in 2009, this two-story complex boasts 11,424 square feet on an 8,192 square foot lot and features seven 2-bedroom, 2.5-bathroom townhouse-style units and one spacious 4-bedroom, 2.5-bathroom townhouse-style unit. All units include central air and heat, in-unit washers and dryers, and wood flooring. The property offers 18 parking spaces—16 assigned and 2 guest—in a gated, semi-subterranean garage, a highly desirable amenity. The asking price is $4,160,000, representing a price per unit of $520,000 and a price per square foot of $364.15. The property's Net Operating Income (NOI) is $219,621, yielding a 5.28% cap rate. Conveniently located near major studios (CBS, NBC, Universal, Disney, and Warner Bros.), public transportation, Valley Village Park, the NoHo Arts District, and the NoHo West mega-complex, this property benefits from a prime location. The building was originally designed as nine units
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $475,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $688,000
Market price range: $431k - $975k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Hollywood
- County
- Los Angeles
- State
- California
- Longitude
- -118.388
- Latitude
- 34.1641
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
