North Hollywood Multifamily Redevelopment
For Sale
$1,850,000
6260 Colfax Ave., North Hollywood, CA 91606
Multifamily property in North Hollywood with redevelopment potential.
Property Size4,368 SF
Price / SF$423.53
Days on Market326
Property Features for 6260 Colfax Ave.
General Information
Standard status
Active
Size
4,368 SF
Property subtype
Multifamily
Building Details
Building Size
4,368 SF
Year Built
1959
Listing Agency:
SVN | Rich Investment Real Estate Partners Los Angeles
Listed By:
Alejandro Hinostroza · License #CalDRE #01853793
(818) 606-0244
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 8
Last Checked: Oct 12 at 6:34PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,285
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,700
$1.4M
Cap Rate 7%
$1,004,071
$1.0M
Cap Rate 9%
$780,944
$780.9K
Market Conditions
NOI Build-Up for 4,368 SF
Gross rent
$138.9K $31.80/SF
− Vacancy
−$11.1K −$2.54/SF
EGI
$127.8K $29.26/SF
− OpEx
−$57.5K −$13.17/SF
NOI
$70.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,700
Cap Rate 7%
$1,004,071
Cap Rate 9%
$780,944
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$878.6K – $1.17M
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
NOI $163,703 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,872
Businesses Nearby
Explore this area
Business Placement
Demographics for 91606, CA
43,955
Population
16,563
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
78%
High-School Grad
3.3 sq mi
ZIP Area
13,320
Density / Sq Mi
$66,884
Median Household Income
$36,497
Median Earnings
$1,744
Median Rent
$801,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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
