NOT LISTED FOR SALE

5119 Colfax Ave Los Angeles, CA 91601

6 Beds
5 Baths
2,719 Sq Ft
8,808 Sq Ft Lot

Last Sold November 26, 2019

Last sale price $1,312,500 $483 Per Sq Ft

51 Days on Market

Highlights

  • Air Conditioning
  • Tile Countertops
  • Floor Furnace
  • North Hollywood Senior High School Rated A
  • Shed
  • 4 Car Garage

About This Home

As of November 2019

8808 SQUARE FOOT LOT. 5 UNIT VALLEY VILLAGE INVESTMENT TO ADD TO YOUR PORTFOLIO IS NOW AVAILABLE. FOUR , ONE BEDROOM 1 BATH UNITS. ONE, TWO BEDROOM, ONE BATH UNIT. FIVE INDIVIDUAL GARAGES! ALLEY ACCESS. SOUTH OF MAGNOLIA. THIS 1940'S CHARMER IS ALWAYS RENTED AND RENTS SHOULD BE ADJUSTED UP.REAR UNIT ABOVE GARAGES. CLOSE TO ALL FREEWAYS. WALKING DISTANCE TO SCHOOLS. UNITS SHOWN WITH ACCEPTED OFFER ONLY. TWO OF THE 5 GARAGES ARE NOT RENTED TO ANYONE, CHANCE FOR MORE INCOME! TWO BEDROOM UNIT IS VACANT AND WILL REMAIN SO FOR NEW OWNER! SELLER MAY CARRY WITH 50% DOWN!!

Last Agent to Sell the Property

Bobby Stefano

Compass License #01310669 Listed on: 09/17/2019

Compass

Last Buyer's Agent

Bobby Stefano

Compass License #01310669

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 8,808

Parking

  • 4 Car Garage

Home Design

  • Stucco

Interior Spaces

  • 2,719 Sq Ft Home
  • 1-Story Property
  • Tile Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Air Conditioning
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window

Additional Features

  • Shed
  • 8,808 Sq Ft Lot

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 2355-005-056

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2719
  • Stories: 1
  • Year Built: 1946
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Tile Counters
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 511.22

Exterior Features

  • Construction: Stucco
  • Other Structures: Shed(s)
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Covered Parking: 5
  • Parking Garage: Covered Parking, Garage - 4+ Car, Private Garage
  • Total Parking: 5

Utilities

  • Cooling: Air Conditioning, Wall/Window
  • Heating: Floor Furnace, Natural Gas, Wall
  • Water Expense: 4000.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 4000.00
  • Maintenance Expense: 2500.00
  • Other Expense: 339.00

Lot Info

  • Assessed Improvement Value: 51727
  • Assessed Land Value: 50046
  • Assessor Parcel Number: 2355-005-056
  • Geocode Override: No
  • Lot Size Area: 8808

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 19.00
  • Number Of Units: 5
  • Rent Control: 100
  • Total Annual Expense: 13300
  • Type Of Units: RENTALS
  • Vacancy Rate: 0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2019 11/26/19 Sold $1,312,500 -5.6% $483 / Sq Ft
10/22/2019 10/22/19 Price Changed $1,390,000 -5.4% $511 / Sq Ft
10/14/2019 10/14/19 Price Changed $1,469,000 -3.9% $540 / Sq Ft
09/17/2019 09/17/19 For Sale $1,529,000 -- $562 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-511992

The MLS