5914 Coldwater Cyn AveLos Angeles, CA 91607

This exceptional six-unit apartment building, located at 5914 Coldwater Canyon Ave, Los Angeles, CA 91607, presents a compelling investment opportunity. The property boasts 5,978 square feet on a substantial 6,789-acre lot, offering ample space and potential for expansion. Built in 1953, the building is zoned R3-1, allowing for the possibility of adding three accessory dwelling units (ADUs), significantly increasing rental income and property value. Each of the six units is individually metered for gas and electricity, providing efficient utility management. Three two-car garages offer convenient parking and storage for residents. The asking price is $1,775,000, translating to $304,167 per unit and a price per square foot of $305. The property currently enjoys a 3.25% cap rate, with significant potential for rental upside. Renovating vacant units could boost rents by approximately 50%, capitalizing on the increasing demand for upgraded housing in the desirable Valley Village neighborhood. This area is known for its tranquil suburban setting, excellent schools, and strong community, making it an attractive location for renters. The property's location in Los Angeles County, with its APN 2341-007-034, further solidifies its investment appeal. This is a rare opportunity to acquire a multifamily property with substantial growth potential in a thriving Los Angeles market.