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North Hollywood Multifamily Redevelopment Opportunity

6260 Colfax Ave. North Hollywood, CA 91606

6260 Colfax Ave., North Hollywood, CA, 91606
$1,850,000
For Sale
Claim this Listing
$1,850,000

Multifamily property in North Hollywood with redevelopment potential.

Property Size4,368 SF
Price / SF$423.53
AddedNov 21, 2025
Days on Market236
Last RefreshMay 9 at 12:24 am

Property Features for 6260 Colfax Ave.

General Information

Standard status
Active
Size
4,368 SF
Property subtype
Multifamily

Building Details

Year Built
1959

Listing office SVN | Rich Investment Real Estate Partners Los Angeles

Listing date Nov 21, 2025

Source Svn

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SVN | Rich Investment Real Estate Partners Los Angeles


Investment Insights

Based on property information with market context.

This multifamily property is located in North Hollywood and features a rare lot size with potential for an Accessory Dwelling Unit (ADU) or redevelopment. The property includes a courtyard with hedges. It is situated in an Opportunity Zone; buyers should independently verify this information. The property size is 4368 square feet.

Key Highlights

  • Rare Lot Size with potential for ADU or Redevelopment
  • Well Located Asset in North Hollywood
  • Beautiful Courtyard with Well Designed Hedges

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $138.9k $31.80
− Vacancy −$11.1k −$2.54
EGI $127.8k $29.26
− OpEx −$57.5k −$13.17
NOI $70.3k $16.09
4,368 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.00M
$878.6K – $1.17M (±1% cap)
NOI $70,285 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M (±1% cap)
NOI $163,703 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

1 800 2 ... Waste Management Facility

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Travel Agency (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Accounting Firm Acupuncture Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - Multifamily property in North Hollywood with redevelopment potential.
Where is this multifamily property located?
The property is located at 6260 Colfax Ave. North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Rare Lot Size with potential for ADU or Redevelopment; Well Located Asset in North Hollywood; Beautiful Courtyard with Well Designed Hedges
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