FOR SALE
5914 Coldwater Canyon Ave
Valley Village, CA 91607
Valley Glen- 8 Beds
- 6 Baths
- 5,978 sqft
- 8 Beds
- 6 Baths
- 5,978 sqft
8 Beds
6 Baths
5,978 sqft
Local Information
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Description
We are pleased to exclusively present 5914 Coldwater Canyon Ave, a remarkable investment opportunity in the heart of Valley Village. Note: Seller may carry. This meticulously maintained 6-unit property spans approximately 5,978 square feet on an approximately 6,789 square feet, zoned R3-1. Nestled in the prestigious Valley Village area, known for its affluent residential character with an average single-family home price of $2,062,857 and a median sales price of $1,745,000, the property stands as a beacon of potential.5914 Coldwater Canyon Ave boasts a well-conceived unit mix, comprising four one-bedroom/one-bathroom units alongside two spacious two-bedroom/one-bathroom units. Its prime location, just a block away from Los Angeles Valley College, anchors the property in a vibrant community and ensures a robust tenant base that includes local college students, offering stability and consistent demand. The investment potential is further enhanced by a rear detached garage, currently offering six parking spaces. This space is primed for the development of two additional 2-bedroom, 1-bathroom Accessory Dwelling Units (ADUs), potentially expanding the total unit count to eight and diversifying the income stream for a discerning investor. In terms of property improvements, 5914 Coldwater Canyon Ave does not disappoint. Four of the units have undergone tasteful remodeling, ensuring modern comfort and appeal. The building's plumbing system has been comprehensively upgraded, laying the groundwork for reduced maintenance concerns. Parking arrangements are currently designated for only two units, presenting an immediate opportunity to boost revenue by optimizing the use of available space. Utility-wise, the property stands out for its efficiency and cost-effectiveness. Each unit is separately metered for gas and electric and benefits from individual water heaters, a strategic setup that significantly lowers operating expenses and enhances the appeal for prospective tenants. In summary, 5914 Coldwater Canyon Ave is not just an investment in real estate; it's an opportunity to own a piece of Valley Village's charm and potential. With a substantial rental upside of over 60% in a high-demand rental area, this property promises to be a lucrative asset and an excellent hedge against inflation.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$301
Listed
67 days ago
Home Details for 5914 Coldwater Canyon Ave
Interior Features |
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Beds & Baths Number of Bedrooms: 8Number of Bathrooms: 6 |
Dimensions and Layout Living Area: 5978 Square Feet |
Appliances & Utilities Laundry: Laundry Area |
Heating & Cooling Heating: OtherHas CoolingAir Conditioning: OtherHas HeatingHeating Fuel: Other |
Levels, Entrance, & Accessibility Stories: 2Levels: Multi/Split |
Exterior Features |
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Exterior Home Features Other Structures: Other |
Parking & Garage No CarportHas a GarageNo Attached GarageParking Spaces: 6Parking: Garage Is Detached |
Days on Market |
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Days on Market: 67 |
Property Information |
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Year Built Year Built: 1953 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Price & Status |
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Price List Price: $1,800,000Price Per Sqft: $301 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Valley Village |
Agent Information |
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Listing Agent Listing ID: 24-360631 |
Building |
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Building Area Building Area: 5978 Square Feet |
Lot Information |
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Lot Area: 6791.004 sqft |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2.5Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 24-360631 |
Last check for updates: about 15 hours ago
Listing courtesy of Manny Nunez DRE # 01990970, (310) 550-2602
CB Richard Ellis, Inc.
Cray Carlson DRE # 01101138
CB RICHARD ELLIS, (909) 418-2000
Source: CLAW, MLS#24-360631
Price History for 5914 Coldwater Canyon Ave
Date | Price | Event | Source |
---|---|---|---|
04/01/2024 | $1,800,000 | PriceChange | CLAW #24-360631 |
02/21/2024 | $2,000,000 | Listed For Sale | CLAW #24-360631 |
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Comparable Sales for 5914 Coldwater Canyon Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
---|---|---|---|---|---|---|---|
0.08 | Multi-Family Home | $1,700,226 | 02/22/24 | 12 | 8 | 5,910 | |
0.59 | Multi-Family Home | $1,320,000 | 11/07/23 | 8 | 6 | 5,202 | |
0.46 | Multi-Family Home | $2,126,000 | 09/29/23 | 10 | 8 | 5,504 | |
0.99 | Multi-Family Home | $1,340,000 | 04/18/24 | 9 | 7 | 5,020 | |
1.08 | Multi-Family Home | $1,137,500 | 01/29/24 | 8 | 5 | 4,599 | |
1.13 | Multi-Family Home | $1,485,000 | 01/08/24 | 8 | 6 | 5,383 | |
1.09 | Multi-Family Home | $1,175,000 | 02/08/24 | 7 | 5 | 4,599 | |
1.14 | Multi-Family Home | $1,165,000 | 11/29/23 | 8 | 5 | 4,599 | |
1.17 | Multi-Family Home | $2,075,000 | 08/08/23 | 8 | 9 | 4,794 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Valley Glen
- Trulia User
- Resident
- 4mo ago
"There aren’t any. I just live here and work somewhere else. I thought it was a better place but it isn’t. It’s worse than where I came from."
- Trulia User
- Prev. Resident
- 8mo ago
"I lived here when I was younger and it was a good area back then and it is still a good area now . The neighborhood is beautiful."
- Trulia User
- Prev. Resident
- 1y ago
"very dog friendly area. they usually pick up after there dog. everyone is friendly and pet friendly. "
- Trulia User
- Resident
- 1y ago
"The area is close to Hollywood, Downtown or the Beaches. Public schools are generally good. Private schools are local too. Wouldn’t consider this neighborhood today because of the over abundance of apartments. Not sure what else to say. Other than it’s a decent neighborhood besides those things I’ve mentioned. Riverside and Milliken are great schools."
- Trulia User
- Resident
- 2y ago
"fun, enjoyable, great place to visit, sun valley park is a great place to go play ball and go for a run"
- Trulia User
- Resident
- 2y ago
"It is a nice place to raise a family. Safe neighborhoods. Nice parks. Should still exercise caution as you would anywhere in LA."
- Trulia User
- Resident
- 2y ago
"Sherman oaks is a great area to walk around with your family, friends and animals. Saw a pig on a leash the other day😍 We have to watch out for theft on the block and in gated garages unfortunately "
- Trulia User
- Resident
- 2y ago
"There are a lot of folks with dogs who regularly walk them in the neighborhood and who are friendly."
- Trulia User
- Resident
- 2y ago
"Great people and neighbors that are in this community also it's close to dtla and west Los Angeles along with Santa Monica "
- Trulia User
- Resident
- 3y ago
"Great place to live and the neighborhood is well maintained and clean side walk great curb appeal from the homes in the community also a sought after community "
- Trulia User
- Prev. Resident
- 3y ago
"it all depends. on. where. I am going. and how. long. it takes........to. get there. and then. there. is the matter of. taking. up. space"
- Herve A.
- Resident
- 3y ago
"Great place to raise a family . Very quite and family oriented . Nice home . Newly developed shopping areas. Friendly dog walk areas. Safe to ride or walk . Light traffic . Right next to the fwy"
- Herve A.
- Resident
- 3y ago
"Movie night at the park. Neighborhood yard sale soccer matches at the park. But the best events are the movie nights at the park "
- Canei W.
- Resident
- 3y ago
"The main streets are not dog friendly because of the trash, but the single family home areas are nice.."
- Shanelqj
- Resident
- 3y ago
"You see people walking their dogs all the time. There are side walks. And people seem to generally love dogs! "
- Catharine.sowards
- Resident
- 3y ago
"Good when it comes to Burbank/Glendale (25 mins). Not great if you work in the West Valley or the Westside (45 mins to 1 hr). Positively miserable for Santa Monica through Culver City (90 mins + most days)."
- Anna S.
- Resident
- 3y ago
"You see people walking with their dogs all the time and they usually pick up afterwards. The dogs seem welcomed here. "
- Onereliablekaren
- Prev. Resident
- 3y ago
"The sidewalks are small. Some dog owners don’t put their dogs on a leash. There are many nice people and animal lovers. I Tibi this neighborhood is friendly. "
- Trulia User
- Resident
- 4y ago
"Quiet and friendly. The neighborhood has friendly faces and list of space. Horses are clean and well taken care of"
- Cassandra
- Resident
- 4y ago
"Good neighborhoods that get even better the further south you go. Next to Sherman Oaks which has good schools. "
- Craigreid
- Resident
- 4y ago
"There really aren’t any sadly, it would be good to see something like a block party or something similar "
- Andrea C.
- Resident
- 4y ago
"Valley Glen Community Park is my favorite local park where I like to take my two small dogs. The park was recently remodeled! It’s a wonderful park with shady spots, a child play area, and plenty of tables and benches."
- C. J.
- Resident
- 4y ago
"My neighborhood use to be quite and nice. it has become a canvas for sprat painting street racing and police activity has picked up tremendously! I moved here in 2017 and am now looking to move away! "
- Jacqui G.
- Resident
- 4y ago
"Lots of freeways. Very little traffic to get to most day-to-day places, and central to most other cool areas. There is often construction, which can cause ramp closures but it’s usually only one exit and it’s and easy detour."
- Janelebowitz
- Resident
- 4y ago
"Schools nearby. Friendly. I raised my children in this neighborhood and my grandchildren. Shopping and malls very near. Public transportation is very convenient."
- Jk Smith
- Resident
- 4y ago
"There are good dogs with terrible owners, as well as bad dogs with good owners. Both are equal in this area. No poo pickup, from the Walker or owners and bad behavior from the dogs. "
- Suzee M.
- Resident
- 4y ago
"Be careful crossing your small street as there are drivers who feel like the streets here are freeways they can speed! "
- Juan Z.
- Resident
- 5y ago
"Dead end street and the fact that we don’t have a lot of traffic in our street and it’s so peaceful compared to other parts of the neighborhood "
- Nelamocanu
- Resident
- 5y ago
"It’s a nice quiet neighborhood safe to walk around ... people go jogging , walk dogs, people are friendly... there is a public swimming pool close by ... restaurants close by , and the freeways are close by ... pretty central location "
- Josselyn M.
- Resident
- 5y ago
"My neighborhood will love to take the dog to the park it alot dog there all the dogs are frenly and also there is a place for kids."
- Juan Z.
- Resident
- 5y ago
"I like my neighborhood because it is quiet and very safe I also love the fact that I can walk to the store and I know my neighbors by name "
- Juan Z.
- Prev. Resident
- 5y ago
"I like the fact that it’s safe and there haven’t been any burglaries or crime in our area since we moved here in 2013"
- Talikaf
- Resident
- 5y ago
"I’ve lived here for nearly 10 years and it’s been a safe and quiet neighborhood that continues to change and grow. "
- Brian G.
- Resident
- 5y ago
"I work in century city and it usually takes me 45 min in the fall and winter and about 35 minutes in the spring and summer. It’s not a bad commute at all "
- Sujey
- Resident
- 5y ago
"Great neighborhood. Very peaceful. I’ve been living here for 11 years now. I won’t move any time soon. "
- JKS818
- Resident
- 5y ago
"The residents are mostly renters and we keep to ourselves a lot. Since people move in and out so fast you dont have the opportunity to make lasting friendships. Traffic and Parking is terrible. And there are lots of Homeless incampments and vagrants asleep in doorways. "
- Trulia User
- Resident
- 5y ago
"Nice neighborhood where you can still find value in home price. Great pockets with larger lots. Quiet and peaceful."
- Valdiviaisabel2912
- Resident
- 5y ago
"the quiet people. nobody gets into trouble with anyone else and they are friendly and above all it is the neighborhood in which I have lived and gives me confidence"
- Dorotheacarterhughes
- Resident
- 5y ago
"I’m been ready to leave for 8 years now. Moving back to Pasadena my childhood home! Culture not diverse enough for me!"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Manny Nunez, CB Richard Ellis, Inc.
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. 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. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
5914 Coldwater Canyon Ave, Valley Village, CA 91607 is a 8 bedroom, 6 bathroom, 5,978 sqft multi-family built in 1953. 5914 Coldwater Canyon Ave is located in Valley Glen, Valley Village. This property is currently available for sale and was listed by CLAW on Feb 21, 2024. The MLS # for this home is MLS# 24-360631.