6034 Colfax Avenue

North Hollywood, CA 91606

$1,120,000
Last Sold Price
6
Beds
4
Baths
2,677 Sq. Ft.
$418 / Sq. Ft.
2,677
Sq. Ft.
$418
per Sq. Ft.

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...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.
  1. Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 6034 Colfax Avenue

Zoning
LAR3
Parcel Number
2334014043
Total Units
4.0
Living Area
2677
Source Living Area
Assessor
Area
North Hollywood (NHO)
Vacancy Rate
0
Lot Size Area
9710

Location

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Sold By Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Add your commute
LISTING UPDATED: 05/05/2023 09:28 AM

Property Details for 6034 Colfax Avenue

StatusSold
MLS #21-715214
Days on Market168
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.22 AC / 9,710 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Sold By Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Add your commute

Building Information for 6034 Colfax Avenue

Stories-Residences-Year Built1948Building Size-Lot Size0.22 AC / 9,710 SF

Payment Calculator

$7,300 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,112

Property Taxes

$1,188

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6034 Colfax Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $61,459
  • Net Operating Income: $39,581.00
  • Gross Income: $63,360
  • Gross Rent Multiplier: $20.44
  • Total Annual Expense: 21879
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2229
  • Lot Size Square Feet: 9710
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 8
  • Parking Features: Assigned
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-06-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,140.00
  • Unit Actual Rent: $2,280.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $277,562.00
  • Assessed Improvement Percent: 51.56
  • Assessed Land Value: $260,736.00
  • Assessed Land Percent: 48.44
  • Assessed Total Value: $538,298.00

Property History for 6034 Colfax Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6034 Colfax Avenue

Taxable ValueLand$969,000Additions$173,400Total$1,142,400
Tax Record2023$14,260 ($1,188 / month)
Home Facts
Total Finished SqFt2,677 SqFtAbove Grade Finished SqFt2,677 SqFtLot Size9,710 SqFtStyleQuadraplexYear Built1948ZoningLAR3CountyLOS ANGELESAPN2334-014-043

Schools near 6034 Colfax Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Victory Boulevard Elementary School
PublicK to 5

Roy Romer Middle School
Public6 to 8

North Hollywood Senior High School
Public9 to 12

New Horizons Charter Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.