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. Both properties are vacant. Located in a prime area near the NoHo Arts District, shopping, dining, and freeway access — a rare find with exceptional upside!