5061 Colfax Avenue

    North Hollywood, CA 91601
    • $1,695,000
    • STATUS: Active
    • ON SITE: 42 days
    • ID#: 19485618
    Price Reduced
    $1,695,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,616
      SQFT
    • $367
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    7 Unit apartment building located in prime Valley Village area. Property consists of a front attached house of 2 bedroom + Den + 2 Bathroom (inside washer and dryer), two singles and four 1 bedroom + 1 Bathroom units. The front house was rehabbed in 2016-17. Remodeling included the flooring, lighting, installation of central HVAC unit and complete rehab of both bathrooms. Property is walking distance to Walter Reed Middle School and North Hollywood Senior High with school ratings of 7/10 and 8/10. Potential rental upside is +/-40%

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-20T00:37:44.663. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/96655646

    5061 Colfax Avenue North Hollywood, CA 91601

    • Price: $1,695,000
    • Status: Active
    • ID#: 19485618
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,616
    SQFT
    $367
    $/SQFT
    1940
    Built
    Neighborhood:
    VVL - Valley Village
    County:
    Los Angeles
    Area:
    VVL - Valley Village
    Property Description
    7 Unit apartment building located in prime Valley Village area. Property consists of a front attached house of 2 bedroom + Den + 2 Bathroom (inside washer and dryer), two singles and four 1 bedroom + 1 Bathroom units. The front house was rehabbed in 2016-17. Remodeling included the flooring, lighting, installation of central HVAC unit and complete rehab of both bathrooms. Property is walking distance to Walter Reed Middle School and North Hollywood Senior High with school ratings of 7/10 and 8/10. Potential rental upside is +/-40%
    Exterior Features

    Lot Size Units Square Feet Parking Features Detached CarportGravelConcreteUncovered Parking YN Yes

    Interior Features

    Appliances Disposal Appliances YN Yes Cooling Central AirWall/Window Unit(S) Cooling YN Yes

    Property Features

    Cap Rate 4.46 Fuel Expense 900.00 Gross Multiplier 15.69 Gross Operating Income 111502.00 Improvements Amount 870000 Insurance Expense 3000.00 Land Lease YN No Land Value 580000 Laundry Income 250.00 Net Operating Income 78059.00 Special Listing Conditions Standard Total Expenses 33443.00 Trash Expense 2808.00 Water Sewer Expense 3900.00 Zoning Lard1.5

    Listing provided courtesy of Eddie Safa of Axes Group, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-20T00:37:44.663. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604