4180 Fair Avenue 5, North Hollywood, California 91602, North Hollywood, 91602 - 1 bed, 1 bath

4180 Fair Avenue 5, North Hollywood, California 91602 home-pic-0
ACTIVE$795,000
4180 Fair Avenue 5, North Hollywood, California 91602
1Bed
1Bath
996Sqft
33,463Lot
Year Built
2006
Close
-
List price
$795K
Original List price
$865K
Price/Sqft
$798
HOA
$450
Days on market
-
Sold On
-
MLS number
25546551
Home ConditionExcellent
Features
Good View: Hills, Mountain(s)
Pool
ViewHills, Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $795.0K(59th), sqft - 996(19th), beds - 1(13th), baths - 1(13th).

Imagine waking up each day to a home that inspires you. Welcome to Penthouse 5, a fresh & elegant retreat nestled in the heart of Studio City. Thoughtfully re-designed in 2023, this sophisticated 1BR/1BA corner Penthouse, captures the essence of modern California living with its 1,000 sf expansive open floor plan. Every detail invites a sense of calm accented by its newer wood floors, to the airy feeling created by high ceilings. Natural light streams in through oversized windows & skylight, effortlessly blending indoors w the cozy, private 20sf balcony. Picture yourself sipping morning coffee here, watching the city awaken beneath you. The newly remodeled kitchen embodies simplicity and style, boasting sleek stainless-steel appliances and pristine cabinetry that transforms everyday cooking into moments of quiet joy. The bathroom, equally refined w new cabinetry & finishes, becomes your personal spa-like sanctuary. As a corner unit, this penthouse offers unmatched tranquility & privacy. You'll also find comfort & convenience w two dedicated parking spots in the secure, gated garage. Make this bright, beautifully curated Penthouse your own & start every day in a home that truly speaks to you. Schedule your private tour today

Price History

Date
Event
Price
08/02/25
$795,000
06/02/25
$865,000
Condition Rating
Excellent

This penthouse, built in 2006, has undergone an extensive and thoughtful redesign in 2023, making it virtually new. The description highlights 'newer wood floors,' a 'newly remodeled kitchen' with 'sleek stainless-steel appliances and pristine cabinetry,' and a 'refined' bathroom with 'new cabinetry & finishes.' The images confirm these updates, showcasing a modern, bright aesthetic with high-quality materials and contemporary fixtures throughout the kitchen and bathroom. All components appear new or virtually new, aligning perfectly with the 'Excellent' condition criteria for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

Recent Extensive Remodel: Thoughtfully re-designed in 2023, this penthouse features newer wood floors, a newly remodeled kitchen with sleek stainless-steel appliances and pristine cabinetry, and a refined bathroom with new finishes, offering a move-in ready, modern aesthetic.
Penthouse Corner Unit Advantages: As a penthouse corner unit, the property offers unmatched tranquility, privacy, and abundant natural light streaming in through oversized windows and a skylight, creating an airy and bright living space.
Dedicated Secure Parking: The inclusion of two dedicated parking spots in a secure, gated garage is a significant convenience and value-add in a dense urban area like Studio City/North Hollywood.
Open Floor Plan & High Ceilings: The expansive 1,000 sqft open floor plan combined with high ceilings creates a spacious and contemporary living environment, highly desirable for modern lifestyles.
Desirable Location & Views: Nestled in the heart of Studio City, the property benefits from a prime location and offers appealing city, hills, and mountain views from its penthouse position.

Cons

Small Balcony Size: The private balcony is only 20 square feet, which is quite small and limits its utility for outdoor living, dining, or entertaining compared to larger outdoor spaces.
1 Bedroom/1 Bathroom Configuration: As a 1 bedroom, 1 bathroom unit, the property's appeal is limited to individuals or couples, potentially narrowing the buyer pool compared to units with more bedrooms or bathrooms.
Monthly Association Fee: The $450.00 monthly association fee is a recurring cost that adds significantly to the overall housing expense, which could be a consideration for budget-conscious buyers.

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