6342 Morse Avenue 205, North Hollywood, California 91606, North Hollywood, 91606 - 2 bed, 2 bath
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North Hollywood, California 91606
This Income-Generating Condominium in Valley Glen is a strategic Value-Add asset, listed at $405,000. While positioned above the $363,115 Fair Market Value, it stands as the lowest-priced entry in the area, offering immediate ROI via a built-in Section 8 Tenant. The interior maintains a Condition Rating of 4 with Granite Countertops and Laminate Flooring. Community infrastructure includes Three Community Pools, proximity to the 8/10 rated North Hollywood Senior High School, and a seller-paid second carport. This acquisition is ideal for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6342 Morse Avenue 205 Subject | $405,000* List Price | 2 | 2 | 900 | $403 | - |
A 6221 Morse Avenue Sold | $515,000 | 3 | 2 | 1,197 | $430 | 0.0 mi |
B 6342 Morse Avenue 207 Active | $450,000 List Price | 2 | 2 | 950 | $474 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, the property features some cosmetic updates such as laminate flooring, fresh paint, and granite countertops. However, it remains largely dated with original 1960s-style pink tile in the bathrooms, popcorn ceilings throughout, and older kitchen appliances including a vintage wall oven. While the listing is move-in ready, the lack of a full modern renovation to the bathrooms and ceilings places it in the fair category.
Positioned as the lowest-priced unit in the area and move-in ready, this property offers an excellent entry point for first-time buyers or investors seeking immediate value.
The condominium features modern laminate flooring, fresh paint throughout, and a functional kitchen with granite countertops, ensuring a contemporary feel without the need for immediate renovations.
Residents benefit from premium HOA amenities including three swimming pools, a recreation room, and a children's play area, plus a rare seller incentive to pay for a second carport space for 2-3 years.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =278668, other record lot size in square feet = 278592.
The monthly HOA fee of $605 is relatively high for this price point, which may impact the debt-to-income ratio for some buyers and overall monthly affordability.
Being currently occupied by a Section 8 tenant may complicate the process for owner-occupants desiring immediate possession, making it more suitable for investors than traditional residential buyers.
Lowest price! Move-in ready!! Priced to sell and ready to go!! Perfect for a single person or young couple. Lovely, neat, and uncluttered condominium featuring 2 bedrooms and 1 3/4 Baths. Freshly painted with beautiful laminate flooring throughout. The kitchen is designed with built-ins and granite countertops, opening to a quaint dining area perfect for cozy meals. Ideal for an investor, single professional or young couple seeking comfort and convenience. Community amenities include 3 sparkling swimming pools, a recreation room, and a children's play area. Seller willing to pay for a second carport space from the HOA for 2-3 years. Conveniently located near schools, shopping, and more! Built-in income Section 8 Tennant occupied.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 900 | 994.5 | 33% |
| Lot Size | 278,668 | 174,284.5 | 67% |
| Price | $405.0K | $513.5K | 33% |
| Price per sq ft | $450 | $440 | 50% |
| Built year | 1964 | 1964 | 50% |
| HOA | $605.0 | $524 | 67% |
| Days on market | 12 | 189 | 17% |
Apr 10, 2026
$405,000
Initial Listing