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    6034 Colfax Avenue

    North Hollywood, CA 91606
    • $1,295,000
    • STATUS: Active
    • ON SITE: 171 days
    • ID#: 21715214
    UPDATED: 52 min ago
    $1,295,000
    • 0
      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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-25T07:34:17.027. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
    www.marknazzalrealty.com/homes/115805773
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    6034 Colfax Avenue North Hollywood, CA 91606

    • Price: $1,295,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 21715214
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    2,677
    SQFT
    $484
    $/SQFT
    1948
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - 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

    Parking Features Assigned

    Property Features

    Gross Income 63360 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 39581 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3

    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-25T07:34:17.027. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
     
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    Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
    1473 Ford St., Suite 200
    Redlands CA, 92373