This newer 8 unit apartment building was originally built as 9 units. Two units were combined together to approve it as a Condo Project. The process was never completed. The large 4 BR unit is intentionally kept vacant. The new owner could easily re-convert the one large 4 BR unit back into two 1270 sq ft units (one 2 BR 2.5 BA unit & one 2 BR 2.5 BA ADU) making a total of 9 units. Buyer to verify with the City. All units are equipped with Central Air & Heat, Washer & Dryer, wood floors and the property's gated semi-subterranean with 16 assigned parking spaces & 2 additional guest parking spaces add a sought-after element of convenience. Centrally located moments from CBS, NBC, Universal, Disney, and Warner Bros. Studios, public transportation, beloved Valley Village Park, the famed NoHo Arts District and the NoHo West mega-complex. This is the place to invest.
Property Details
Property Features
Property Information:
Year Built: 2008
Stories: 2
Listing Office:
Office Name: Remax Optima
Office Phone: (818) 404-1414
Listing Agent: Andrew Awaida
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 18 spaces
Parking: Assigned, Underground
Lot Features
Lot Information:
Lot Size: 0.19 Acres
Other
Directions Information:
Directions: South of Magnolia Blvd & Colfax Ave
Price Information
Listing Price Info
Price Summary:
List Price: $4,280,000
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $3.2M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #GD24125901
Listing Office:
Office Name: Remax Optima
Office Phone: (818) 404-1414
Listing Agent: Andrew Awaida
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/23/2024, 2:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Colfax Charter Elementary
11724 Addison St
Distance between this listing and this school0.23 miles
Public Charter Grades KG-5
4
/10
Lankershim Elementary School
5250 Bakman Ave
Distance between this listing and this school0.65 miles
Public District Grades KG-5
5
/10
Burbank Boulevard Elementary
12215 Albers St
Distance between this listing and this school0.80 miles
Public District Grades PK-5
Nearby Schools
6
/10
Walter Reed School
4525 Irvine Ave
Distance between this listing and this school0.77 miles
Public District Grades 6-8
5
/10
New Horizons Charter Academy
5955 Lankershim Blvd
Distance between this listing and this school1.05 miles
Public Charter Grades KG-8
4
/10
Roy Romer Middle School
6501 Laurel Canyon Blvd
Distance between this listing and this school1.83 miles
Public District Grades 6-8
Nearby Schools
8
/10
North Hollywood High School
5231 Colfax Ave
Distance between this listing and this school0.13 miles
Public District Grades 9-12
2
/10
Amelia Earhart Continuation
5355 Colfax Ave
Distance between this listing and this school0.28 miles
Public District Grades 9-12
9
/10
Science Academy STEM Magnet
5525 Vineland Ave
Distance between this listing and this school1.04 miles
The neighbors living near this home have an average income of $63,622. The majority of Los Angeles, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5131 Colfax Ave
What is the listing price of this property?
The listing price of 5131 Colfax Ave property is $4,280,000.
What type of property is this?
The property 5131 Colfax Ave is a townhouse located in Valley Village, California, 91601.
Is this property for sale now?
Active Listing: 5131 Colfax Ave is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 5131 Colfax Ave is 2008.
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This home is located at 5131 Colfax Ave in Valley Village, CA and zip code 91601 in the The San Fernando Valley neighborhood. This home, which was built in 2008, sits on a 0.19 acre lot. It has been listed on Rocket Homes since June 20, 2024 and is currently priced at $4,280,000.
In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. The number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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