5444 Colfax Ave - Apartments FOR SALE


North Hollywood, CA 91601
$1,550,000 USD
213-631-8788
5444 Colfax Ave, North Hollywood, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

5444 Colfax Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • Renovated Units including Washer/Dryer
  • Spacious Carport Parking
  • Excellent Access to Surrounding Los Angeles Neighborhoods

OVERVIEW

CBRE, Inc. is pleased to present 5444 Colfax Avenue, a well-located multifamily property in the sought-after Valley Village neighborhood of Los Angeles. Located between Simpson Avenue and Troost Avenue, with proximity to the Hollywood Freeway and Chandler Boulevard, this property offers an excellent entry point for investors in the Los Angeles market. This two-story building, constructed in 1954 and fully renovated in 2019, features four units within ±3,787 SF on a ±6,862 SF LARD1.5 zoned lot. Residents benefit from a vibrant surrounding community, with immediate access to a wide array of dining, grocery, and retail options, as well as convenient access to major thoroughfares connecting to North Hollywood, Korea Town, and Larchmont. The property also presents a significant upside potential with the possibility of ADU construction in the existing carport area. 5444 Colfax Ave presents a solid investment opportunity, providing both stability and the potential for long-term appreciation.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$409 USD /SF

# OF UNITS

4

PRICE/UNIT

$387,500

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Colfax Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,861 SF

ZONING

LARD1.5

APN/PARCEL ID

2348-001-051

ASK ABOUT THIS PROPERTY

Jenny EngCBREMore Info
213-631-8788

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Jenny EngCBREMore Info
213-631-8788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.