Entitled to build 12 Single Family Homes, the current design calls for homes with 4 bedrooms, 3.5 bathrooms, an open-floor concept with kitchen, dining & living room on one level, a master suite & a large and comfortable roof-top deck. One bedroom and bathroom are on the ground level. The property includes two separate parcels in prime Valley Village & will be delivered with a Letter of Determination for a Small Lot Subdivision. The project needs to be finished (only Architectural done) & submitted for LADBS approvals. This sale includes Architectural Plans, approved Soils Report & Vesting Tentative Tract. Phase 1 environmental reports have been done for both parcels & both show a clean history with no limitations to construction. Currently, one parcel contains a large, single story subdivided office building. The second lot includes a front restaurant & three vacant apartments in the back. Both parcels will be delivered vacant. 5137-5149 Colfax Ave. APNs 2355-005-037 & 38.
Originally part of North Hollywood, Valley Village is a small community with tree-lined streets and simple residential charm.
Real Estate: Valley Village has a wide variety of single-family homes for sale, including two-story homes with pools. Some larger estates are located in the area. There are also many condo and townhouse units available for sale. Apartments are available along Riverside Drive including IMT Valley Village.
Community Life: Streets are lined with mature magnolia, pine, oak, and elm trees. Magnolia Boulevard and Laurel Canyon Boulevard are home to plenty of fun restaurants including the Steampunk Coffeebar. Valley Village is conveniently located near North Hollywood and Studio City. There are several local parks including Valley Village Park which is located across the freeway from the much larger North Hollywood Park. Valley Village is represented by the Neighborhood Council Valley Village, which connects Valley Village residents with city hall.
Education: Valley Village is served by the Los Angeles Unified School District including Burbank Boulevard Elementary, North Hollywood Senior High, and Amelia Earhart Continuation. Local private schools include Oakwood Secondary, The Country School, and Beth Hillel Day.
Transportation: Valley Village is easily accessed by the 101 Freeway. It is served by the Laurel Canyon Orange Line Station and several Metro bus lines.
Local Attractions: Valley Village is primarily a residential neighborhood. Most of the local attractions can be found in nearby areas including North Hollywood and Universal City.
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