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4710 Colfax Avenue

North Hollywood, CA 91602

$2,200,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $292 / sqft

1963

calendar_month Built

Property Description

Marcus and Millichap is proud to present the opportunity to acquire 4710 Colfax Avenue, a timeless 8-unit apartment community set in a highly accessible pocket of North Hollywood. Located amongst a diverse set of single family homes, high-end condominiums, and low-density multifamily buildings, the property offers renters a special mix of a suburban and urban landscape. The property lies less than a ten-minute drive to Toluca Lake, Sherman Oaks, Valley Village, and Studio City. The property sits just minutes from the 101 and 170 intersection providing renters with swift access to Downtown Los Angels, Hollywood, Burbank, and other major employment hubs of L.A. County. Renters enjoy the close proximity to the world class amenities of the North Hollywood Arts District, Studio City's Silver Triangle and the endless array of shops and restaurants along Ventura Blvd in Sherman Oaks just a few miles away. The property boasts a great walk score of 78 allowing most errands to be accomplished without the need for a car. The property improvements are comprised of an approximately 7,532 +/- square foot wood frame and stucco structure on a roughly 9,800 square foot lot. The property features an outstanding unit mix of one (1 bed +1 bath ), six (2 bed +1.5 bath ), and one (3 bed + 2 bath) units. The current ownership has taken pride in the property's upkeep and made significant upgrades to select units including recessed lighting, updated flooring, A/C wall units, fans, bathroom and kitchen tiles. The property features one parking spot per unit. The soft story retrofitting work has been completed (Buyer to verify). The demographics of the surrounding area are highly compelling with a population over 36,000 and an average household income over $120,000. A new Buyer has the opportunity to achieve massive rental upside as market rate rents are achieved through unit turn over and rental increases. North Hollywood continues to see massive levels of investment including the planned District NoHo project which is expected to include 1,500 new apartments, office, and retail. * Unit #7 is currently occupied and rented at $1,634 and the Seller is pursuing an eviction and the unit may be coming vacant. Estimated rental rate for unit #7 is $2,400. Buyer to investigate and verify all claims including vacancy and rent projections.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Features Ceiling Fan(s)

Listing Information

Address 4710 Colfax Avenue
City North Hollywood
State CA
Zip 91602
County Los Angeles
Listing Agent Zachary Rosen DRE#01904419
Courtesy Of Marcus & Millichap
MLS 24386419
List Price $2,200,000
Status Active Under Contract
Type Residential Income
Structure Size N/A
Lot Size 9,803
Year Built 1963
DOM 23

Exterior Information

Maps

home_work Nearby Properties

Image

$1,689,000

king_bed N/A
shower N/A
straighten N/A
straighten 9,233
11650 Blix Street,

North Hollywood, CA 91602
Image

$3,995/month

king_bed 2
shower 3
straighten 1,540
straighten 18,755
4711 Colfax Avenue #12,

North Hollywood, CA 91602
Image

$2,561,300

king_bed 4
shower 5
straighten 3,050
straighten 7,799
11659 La Maida Street,

Valley Village, CA 91601
Image

$1,099,000

king_bed 3
shower 3
straighten 1,655
straighten 16,530
4541 Colfax Avenue #112,

Studio City, CA 91602
Image

$1,795,000

king_bed 3
shower 2
straighten 2,128
straighten 7,959
11726 Huston Street,

Valley Village, CA 91607

Listing information courtesy of: Zachary Rosen, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of May 14th, 2024 at 2:19 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.