5126 Colfax Avenue, Valley Village, California 91601, Valley Village, 91601 - bed, bath

5126 Colfax Avenue, Valley Village, California 91601 home-pic-0
ACTIVE$2,269,900
5126 Colfax Avenue, Valley Village, California 91601
0Bed
0Bath
3,552Sqft
4,946Lot
Year Built
1953
Close
-
List price
$2.27M
Original List price
$2.27M
Price/Sqft
$639
HOA
-
Days on market
-
Sold On
-
MLS number
DW25098992
Home ConditionGood
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.27M(56th), sqft - 3552(56th), beds - undefined(50th), baths - undefined(50th).

Prime Valley Village Location 4 Units! Rare opportunity to own 4 beautiful units in fantastic location near great schools! (1) 2 bed, 1 bath + Den; (1) 2 bed, 1 bath; (2) 1 bed, 1 bath. 3 of 4 units were extensively remodeled with new Goodman Central Heat & Air, In-Unit laundry with stainless steel LG appliances or GE appliances, new custom fiberglass entry doors, new kitchen cabinets with countertops, new beautiful bathrooms, recess LED lighting and all upgraded electrical with new subpanels, and Pergo laminate wood flooring. Property is gated and was recently painted on the exterior, new decking, and new cool roof installed. Property features 4 automatic door garage parking spaces (1 per unit) accessible through separate alley access. Property also has CCTV surveillance system equipped with wifi monitoring available. This is a unique opportunity for the saavy investor/end-user!

Price History

Date
Event
Price
06/19/25
$2,269,900
Condition Rating
Good

The property was built in 1953, but the listing states that 3 of the 4 units were extensively remodeled. The remodeled units feature new kitchens with stainless steel appliances, new bathrooms, new flooring, and updated electrical. The exterior also has new decking and a cool roof. While the building is older, the extensive renovations bring the condition up to 'good'.
Pros & Cons

Pros

Prime Location: Located in the desirable Valley Village area, near excellent schools, enhancing its appeal to families and investors.
Remodeled Units: Three out of four units have been extensively remodeled with modern amenities, attracting high-quality tenants and potentially commanding higher rents.
New HVAC & In-Unit Laundry: The installation of new Goodman Central Heat & Air and in-unit laundry with stainless steel appliances significantly increases tenant comfort and property value.
Security Features: The property is gated and equipped with a CCTV surveillance system, providing enhanced security and peace of mind for tenants.
Recent Upgrades: Recent exterior paint, new decking, and a new cool roof contribute to reduced maintenance costs and improved curb appeal.

Cons

One Unrenovated Unit: One of the four units has not been remodeled, potentially impacting overall rental income and property value compared to the renovated units.
Limited Parking: Although there are 4 garage parking spaces, it's only one per unit, which might be insufficient for tenants with multiple vehicles or guests.
Year Built: Built in 1953, the property may require ongoing maintenance and potential upgrades to meet modern building standards and tenant expectations.

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