5844 Colfax Avenue
North Hollywood, CA, 91601
$1,499,000
MLS: 26834813
Beds
3
Baths
1
Sq Ft
1,031
Lot
0.16 ac
Year Built
1940
MLS #
26834813
Days on Market
28
Listed
May 16, 2026
Description
Property will be delivered RTI (Ready-To-Issue) for a proposed 4-unit development project totaling approximately 4,829 Sq Ft, consisting of (2) 3 Bed + 2.5 Bath units and (2) 2 Bed + 2 Bath ADUs, creating a unique opportunity on this approximately 6,700 Sq Ft RD3-zoned lot near NoHo West. Whether for an investor, developer, or owner-user looking for future upside, the property offers outstanding potential in one of the Valley's fastest-growing neighborhoods.The existing single-story home features 3 bedrooms, 1 bathroom, and approximately 1,031 Sq Ft of living space, providing flexibility for immediate use, rental income, or redevelopment. The expansive backyard offers ample space for entertaining, outdoor enjoyment, or future possibilities.Centrally located, the property is moments from NoHo West, the NoHo Arts District, shopping centers, restaurants, television and movie studios, sound studios, freeway access, the Chandler Bike Path, Orange Line Metro access, parks, and Burbank Airport, offering convenience alongside strong long-term growth potential.
Location
North Hollywood, Los Angeles County, CA 91601
Open on Google Maps ↗Listed by: Max Goltz · Equity Union
Payment estimate
$10,969
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $149,900 · Loan: $1,349,100
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $8,545
- Property tax (1.25%)
- $1,561
- Homeowners insurance
- $300
- Mortgage insurance
- $562
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this North Hollywood home with as little as 3.5% down using an FHA loan — roughly $52,465 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See North Hollywood, CA 91601 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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