Skip To Content

    6034 Colfax Ave

    North Hollywood, CA 91606
    • $1,295,000
    • STATUS: Active
    • ON SITE: 37 days
    • MLS #: 21-715214
    $1,295,000
    • 6
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,677
      SQFT
    • $484
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    The property includes a single-family home, a duplex, and a separate unit above the parking garages, all situated on a large 9,709 square foot lot. A new owner may take advantage of the opportunity to add value by implementing a renovation strategy that may eventually recapture the approximate 30% rent upside. Located near the intersection of Lankershim Boulevard and Oxnard Street, the property is just four blocks from the brand new 25-acre NoHo West development, a 570,000 square foot mixed-use project featuring several major retail and entertainment tenants, including Trader Joes, Regal Cinemas, and Starbucks. The property provides tenants with both private garage and open parking, while public transportation is readily available as well. The North Hollywood Metro Station is only 1.1 miles from the property, allowing residents convenient access to both the Red Line and Orange Line through the San Fernando Valleys largest public transportation hub.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-13T23:42:28.803. 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.
    www.desertarealuxuryhomes.com/homes/115803649
    Print Image

    6034 Colfax Ave North Hollywood, CA 91606

    • Price: $1,295,000
    • Status: Active
    • MLS #: 21-715214
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    2,677
    SQFT
    $484
    $/SQFT
    1948
    Built
    Neighborhood:
    North Hollywood
    County:
    Los Angeles
    Area:
    North Hollywood
    Property Description
    The property includes a single-family home, a duplex, and a separate unit above the parking garages, all situated on a large 9,709 square foot lot. A new owner may take advantage of the opportunity to add value by implementing a renovation strategy that may eventually recapture the approximate 30% rent upside. Located near the intersection of Lankershim Boulevard and Oxnard Street, the property is just four blocks from the brand new 25-acre NoHo West development, a 570,000 square foot mixed-use project featuring several major retail and entertainment tenants, including Trader Joes, Regal Cinemas, and Starbucks. The property provides tenants with both private garage and open parking, while public transportation is readily available as well. The North Hollywood Metro Station is only 1.1 miles from the property, allowing residents convenient access to both the Red Line and Orange Line through the San Fernando Valleys largest public transportation hub.
    Exterior Features

    Lot Size Area 9710 Other Structures Other Parking Garage Assigned Total Parking 8

    Interior Features

    Baths Total 4.00 Cooling Other Equipment None Heating Other

    Property Features

    Assessed Total Value 538298 Gross Income 63360 Gross Operating Income 61459 Like Units1 2 Like Units2 1 Like Units3 1 Net Operating Income 39581.00 Number Of Buildings 3 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 21879 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-13T23:42:28.803. 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.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-715214-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-715214-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-715214-2.jpg
    Logo
    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260