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Listing Details

Status
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On Market
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MLS #
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Neighborhood
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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 the Combined LA/Westside Multiple Listing Service as of 2021-09-19T23:42:22.94. 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.haciendagroupinc.com/homes/115803649
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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 2021-09-19T23:42:22.94. 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.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253