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6138 Vineland Avenue, North Hollywood, California 91606, North Hollywood, 91606 - 3 bed, 2 bath

6138 Vineland Avenue, North Hollywood, California 91606 home-pic-0
ACTIVE$1,005,000
6138 Vineland Avenue, North Hollywood, California 91606
3Beds
2Baths
1,453Sqft
4,756Lot
Year Built
1927
Close
-
List price
$1M
Original List price
$1.09M
Price/Sqft
$692
HOA
-
Days on market
-
Sold On
-
MLS number
CV25044101
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 45% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.00M(65th), sqft - 1453(49th), beds - 3(50th), baths - 2(50th).

This unique single-family home offers 1,453 sq ft of versatile living space within a 4,754 sq ft lot. It features a billboard that generates rental income, providing an excellent opportunity for additional revenue. The property includes three dedicated parking spots, with space available for more to be added, and boasts high visibility, making it ideal for home-based businesses or food vendors and restaurants. The home has a brand new AC with central air and a new solar panel system, which will save on energy costs. It includes three bedrooms, 1.5 baths, and a separate kitchen. The attached business unit has been remodeled into a nail spa salon but has potential to be used as office space, a doctor's office, a law office, or other home-based businesses. Additionally, the property features a spacious patio with ample storage space and plenty of backyard area. This home is perfect for entrepreneurs looking to operate a business from home while enjoying the benefits of a residential setting. Must see it ##

Nearby schools

4/10
Oxnard Street Elementary School
Public,•K-5•0.2mi
5/10
Fair Avenue Elementary School
Public,•K-5•0.5mi
3/10
Maurice Sendak Elementary School
Public,•K-5•0.6mi
6/10
Lankershim Elementary School
Public,•K-5•1.3mi
5/10
Victory Boulevard Elementary School
Public,•K-5•1.3mi
8/10
Bret Harte Elementary School
Public,•K-5•1.4mi
8/10
Providencia Elementary School
Public,•K-5•1.5mi
4/10
Camellia Avenue Elementary School
Public,•K-5•1.7mi
7/10
Toluca Lake Elementary School
Public,•K-5•1.7mi
5/10
Bellingham Elementary School
Public,•K-5•1.8mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•1.8mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•1.9mi
6/10
John B. Monlux Elementary School
Public,•K-5•2.3mi
2/10
Julie Korenstein Elementary School
Public,•K-5 & ungraded•2.3mi
7/10
Rio Vista Elementary School
Public,•K-5•2.4mi
5/10
Strathern Street Elementary School
Public,•K-5•2.8mi
6/10
Luther Burbank Middle School
Public,•6-8•1.1mi
4/10
Roy Romer Middle School
Public,•6-8•1.6mi
6/10
Walter Reed Middle School
Public,•6-8•2.3mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.2mi
6/10
Arroyo Seco Museum Science
Public,•K-8•11.1mi
3/10
East Valley Senior High School
Public,•9-12•0.8mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•1.1mi
5/10
Sun Valley Engineering And Technology Magnet
Public,•6-12•1.5mi
8/10
North Hollywood Senior High School
Public,•9-12•1.5mi
7/10
Burroughs High School
Public,•9-12•2.6mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•2.7mi
8/10
Burbank High School
Public,•9-12•3.1mi
6/10
John H. Francis Polytechnic
Public,•9-12•3.3mi
Condition Rating
Good
Despite being built in 1927, the property has undergone significant recent updates, including a brand new AC with central air and a new solar panel system, which are major system improvements. The interior features modern wood-look laminate flooring, fresh paint, and a recently updated kitchen with white shaker cabinets and contemporary countertops. The bathroom also appears updated with a modern vanity and fixtures. The attached business unit has also been remodeled. While the exterior parking lot shows some wear, and the original structure is old, the critical systems and visible interior elements are move-in ready and functional, aligning with a 'Good' condition score due to extensive renovations within the last 5-15 years.
Pros & Cons

Pros

Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Diverse Income Generation: The property includes a billboard that generates rental income, providing a unique and consistent additional revenue stream.
High Visibility & Business Versatility: Boasts high visibility and an adaptable attached business unit (currently a nail salon, with potential for office, medical, or other home-based businesses), ideal for entrepreneurs.
Modern Energy Efficiency: Equipped with a brand new central AC system and a new solar panel system, promising significant savings on energy costs.
Ample Parking & Expansion Potential: Features three dedicated parking spots with space to add more, addressing a crucial need for both residential and commercial use.
Functional Outdoor Space: Includes a spacious patio with ample storage and a generous backyard area, enhancing livability and utility.

Cons

Significant Price Discrepancy: The listing price of $1,005,000 is substantially higher than the estimated property value of $546,654.48, suggesting a potential overvaluation or a unique value proposition not fully captured by standard estimations.
Age of Property: Built in 1927, the property's age may imply potential for older infrastructure or ongoing maintenance requirements beyond the recently updated AC and solar.
Limited Bathroom Count: A 3-bedroom home with 1.5 bathrooms may be considered insufficient for modern family living or for comfortably accommodating both residential and business occupants.

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