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5734 Colfax Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 3 bed, 2 bath

5734 Colfax Avenue, North Hollywood, California 91601 home-pic-0
ACTIVE$899,000$1,517/sqft
5734 Colfax Avenue, North Hollywood, California 91601
3Beds
2Baths
1,517Sqft
6,970Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Dual Dwelling & Income Potential: The property features two detached homes (2BD/1BA main, 1BD/1BA guest house with kitchenette and separate entrance), offering significant multi-family living or rental income opportunities.
Top Cons:
Requires Extensive Renovation: Explicitly marketed as a 'fixer,' indicating the property will require significant investment in renovations and upgrades to realize its full potential.

Compared to the nearby listings

Price:$899.0K vs avg $1.35M ($-451,000)10%
Size:1,517 sqft vs avg 2,919 sqft10%
Price/sqft:$593 vs avg $47690%

More Insights

Built in 1950 (76 years old).
Condition: Built in 1950 and explicitly marketed as a 'fixer' requiring 'extensive renovation,' this property shows significant signs of age and deferred maintenance. The kitchens and bathrooms in both the main house and guest house are severely outdated with original-era tile, cabinets, and fixtures. HVAC appears to be limited to window AC units and wall heaters. While the main house has some hardwood flooring, the guest house features worn carpet. The overall condition indicates a need for substantial repairs and rehabilitation to meet modern standards.
Year Built
1950
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$593
HOA
-
Days on market
-
Sold On
-
MLS number
SR26013284
Home ConditionPoor
Features
View-

About this home

An incredible opportunity in a great neighborhood of North Hollywood for investors, developers, or savvy buyers looking to add value! This gated property features two detached homes on a large lot — ideal for multi-family living, rental income, or future development. The main home at 5734 Colfax offers 2 bedrooms / 1 bathroom (917 sq feet), while the guest house at 5736 Colfax includes 1 bedroom / 1 bathroom (600 sq feet) with a convenient kitchenette and separate entrance. Additional features include a detached garage with ADU potential (buyer to verify), a spacious backyard offering plenty of room to expand or reimagine outdoor living, and a runway-style side driveway that provides ample space for extra parking or storage. With tons of potential as a fixer, this property is a blank canvas for those with vision and creativity. Located in a prime area of North Hollywood near the NoHo Arts District, shopping, dining, and freeway access — a rare find with exceptional upside!

A
Arash Davidi
Listing Agent
Condition Rating
Poor
Built in 1950 and explicitly marketed as a 'fixer' requiring 'extensive renovation,' this property shows significant signs of age and deferred maintenance. The kitchens and bathrooms in both the main house and guest house are severely outdated with original-era tile, cabinets, and fixtures. HVAC appears to be limited to window AC units and wall heaters. While the main house has some hardwood flooring, the guest house features worn carpet. The overall condition indicates a need for substantial repairs and rehabilitation to meet modern standards.
Pros & Cons

Pros

Dual Dwelling & Income Potential: The property features two detached homes (2BD/1BA main, 1BD/1BA guest house with kitchenette and separate entrance), offering significant multi-family living or rental income opportunities.
Value-Add & Development Opportunity: Positioned as an ideal 'fixer' for investors, developers, or savvy buyers seeking to add substantial value and capitalize on its 'exceptional upside' as a blank canvas.
ADU Conversion Potential: Includes a detached garage with verified ADU potential, presenting a clear path for increased property value and additional income streams.
Prime North Hollywood Location: Situated in a highly desirable North Hollywood area, providing convenient access to the NoHo Arts District, diverse shopping, dining, and major freeways.
Generous Lot Size & Parking: Boasts a large 6,970 sqft lot with a spacious backyard for expansion and a runway-style driveway offering ample off-street parking and storage.

Cons

Requires Extensive Renovation: Explicitly marketed as a 'fixer,' indicating the property will require significant investment in renovations and upgrades to realize its full potential.
Age of Property: Built in 1950, the property likely features older systems and finishes, which may necessitate comprehensive updates to meet modern standards and preferences.
ADU Potential Verification Required: While ADU potential exists, it requires buyer verification, which could involve additional time, cost, and uncertainty in the permitting process.
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