Courtesy of: Roderick 'Rick' Raymundo 01357019 | Marcus & Millichap
Purchase Type: Sale
MLS ID: 21715214
Days On Market: 287
Year Build: 1948
Lot size: 0.22
Status: Active Under Contract
Property Type: Residential Income
New Construction: No
Swimming Pool: No
Address: 6034 Colfax Avenue
County: Los Angeles
City: North Hollywood
Neighborhood: Nho - North Hollywood
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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Listing Agent: Roderick 'Rick' Raymundo 01357019 Courtesy of: Marcus & Millichap The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.
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