6257 Colfax, North Hollywood, California 91606, North Hollywood, 91606 - 2 bed, 1 bath
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North Hollywood, California 91606
This Value-Add Development Asset is listed at $650,000, positioned below the $655,836 Fair Market Value by 1%. This valuation gap provides $5,836 in Instant Equity before accounting for forced appreciation. Currently holding a Condition Rating of 5, the 1937 structure requires a total renovation or redevelopment on its 5,515 square foot lot featuring City Lights views. Located near the NoHo Arts District and zoned for Theodore Roosevelt Elementary (9/10), the property offers significant ROI potential. This is a prime acquisition for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6257 Colfax Subject | $650,000* List Price | 2 | 1 | 1,164 | $563 | - |
A 11457 Oxnard Sold | $645,000 | 2 | 1 | 1,063 | $607 | 0.5 mi |
B 11672 Erwin Street Sold | $715,000 | 2 | 1 | 1,080 | $662 | 0.1 mi |
C 6640 Farmdale Avenue Sold | $700,000 | 3 | 2 | 1,273 | $550 | 0.6 mi |
D 11063 Kittridge Street Sold | $765,000 | 3 | 2 | 1,453 | $526 | 1.0 mi |
E 6444 Ben Avenue Sold | $800,000 | 4 | 2 | 1,450 | $552 | 0.4 mi |
F 6639 Bellingham Avenue Sold | $689,000 | 3 | 1 | 1,215 | $567 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1937 and marketed as an investor opportunity for renovation or redevelopment, the property is sold as-is and likely requires a complete overhaul of all major systems, including the kitchen and bathroom, to meet modern standards. The exterior shows signs of neglect, and the lack of interior photos combined with the 'redevelopment' description suggests significant deferred maintenance.
Elementary School: Theodore Roosevelt Elementary School (9/10).
This property presents a prime opportunity for investors or developers, offering significant potential for renovation, repositioning, or complete redevelopment on a 5,515 square foot lot.
Ideally situated in North Hollywood, the home provides excellent proximity to major freeways, diverse dining options, and local shopping amenities, ensuring high rental and resale demand.
Sold in its current as-is state, the 1937 structure likely requires substantial capital investment for repairs, upgrades, or modernization to meet current market standards.
With only two bedrooms and one bathroom in a 1,164 square foot footprint, the existing configuration may be restrictive for modern families or buyers seeking more spacious living arrangements.
Investor opportunity in North Hollywood. Built in 1937, this single-family residence offers approximately 1,164 square feet of living space on a 5,515 square foot lot per assessor. The home is currently configured as 2 bedrooms and 1 bath and presents a strong opportunity for renovation, repositioning, or redevelopment. Conveniently located near major freeways, shopping, dining, and local amenities. Property sold as-is.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 21% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 1,164 | 1,505 | 30% |
| Lot Size | 5,515 | 6,553 | 23% |
| Price | $650.0K | $890.0K | 4% |
| Price per sq ft | $558 | $599 | 30% |
| Built year | 1937 | 1948 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 175 | 2% |
Apr 17, 2026
$650,000
Initial Listing