RealKey
‪(213) 433-7766‬

6410 Goodland Avenue, North Hollywood, California 91606, North Hollywood, 91606 - bed, bath

6410 Goodland Avenue, North Hollywood, California 91606 home-pic-0
ACTIVE$1,399,000
6410 Goodland Avenue, North Hollywood, California 91606
0Bed
0Bath
2,324Sqft
6,790Lot
Year Built
1947
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$602
HOA
-
Days on market
-
Sold On
-
MLS number
GD25048604
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(71th), sqft - 2324(43th), beds - undefined(50th), baths - undefined(50th).

A rare chance to own three separate homes on one lot, perfect for investors or owner-occupants. Each unit has its own address (6410, 6412, and 6412 1/2) and individually metered, has its own washer and dryer, and features a private yard. The main house (936 sq. ft.) has been updated with new flooring, offering 3 bedrooms and 1 bath, currently rented for $3,800/month. The second unit (830 sq. ft., SB9, built in 2018) is a modern 2-bed, 2-bath home generating $2,800/month. The third unit (558 sq. ft., ADU) is a charming 1-bed, 1-bath unit with its own driveway and a spacious porch, bringing in $1,800/month. Altogether, this well-maintained property brings in an impressive $8,400/month in rental income, delivering a strong 5.57% CAP rate—an incredible opportunity for investors seeking solid returns. With a new roof, great condition, and prime location near schools, parks, and shopping, this property is also ideal for multi-generational living. Don't miss out on this Valley Glen gem!

Nearby schools

6/10
John B. Monlux Elementary School
Public,•K-5•0.5mi
5/10
Coldwater Canyon Elementary School
Public,•K-5•0.5mi
5/10
Bellingham Elementary School
Public,•K-5•0.8mi
6/10
Erwin Elementary School
Public,•K-5•0.8mi
4/10
Kittridge Street Elementary School
Public,•K-5•1.1mi
5/10
Victory Boulevard Elementary School
Public,•K-5•1.1mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•1.4mi
1/10
Andres And Maria Cardenas Elementary School
Public,•K-5•1.8mi
5/10
Hazeltine Avenue Elementary School
Public,•K-5•1.9mi
3/10
Andres And Maria Cardenas Elementary School
Public,•K-5•1.9mi
3/10
Maurice Sendak Elementary School
Public,•K-5•1.9mi
5/10
Ranchito Avenue Elementary School
Public,•K-5•2.3mi
5/10
James Madison Middle School
Public,•6-8•0.8mi
4/10
Roy Romer Middle School
Public,•6-8•0.9mi
2/10
Van Nuys Middle School
Public,•6-8•2.6mi
6/10
Walter Reed Middle School
Public,•6-8•2.8mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•0.7mi
8/10
North Hollywood Senior High School
Public,•9-12•2.0mi
6/10
Van Nuys Senior High School
Public,•9-12•2.5mi
Condition Rating
Good
This property, a triplex, presents a mixed but overall strong condition. While the main house was built in 1947, the listing explicitly states it has been 'updated with new flooring,' and images confirm modern LVP/laminate flooring and fresh paint. The bathroom in the main house, though clean and functional, shows slightly older tile work compared to the other units. Crucially, the second unit was built in 2018 (making it 6 years old) and is described as 'modern,' which is evident in its contemporary kitchen (white shaker cabinets, subway tile, stainless steel appliances) and bathroom. The ADU is also implied to be recent and modern. The entire property benefits from a 'new roof' and is described as being in 'great condition.' Given that two of the three units are essentially new construction (2018 or recent ADU) and the older main house has received significant, recent updates (new flooring, paint, modern light fixtures), the property is move-in ready with no immediate major renovations required. The blend of new construction and well-maintained, recently updated older components aligns well with the 'Good' rating criteria.
Pros & Cons

Pros

Exceptional Income & CAP Rate: The property generates an impressive $8,400/month in rental income with a strong 5.57% CAP rate, indicating excellent financial performance and a solid return on investment.
Multiple Independent Units: Features three separate, individually metered homes, each with its own address, washer/dryer, and private yard, offering maximum flexibility and tenant appeal.
Versatile Use Case: Ideal for both savvy investors seeking robust cash flow and owner-occupants looking for multi-generational living or significant supplemental income.
Modern & Updated Components: Includes a recently built (2018) SB9 unit and an updated main house with new flooring, suggesting lower immediate maintenance needs and modern appeal.
Prime Location & Condition: Described as a 'Valley Glen gem' in a prime location near schools, parks, and shopping, coupled with a new roof and well-maintained status, enhancing long-term value and desirability.

Cons

Age of Original Structure: The main house was built in 1947, which, despite updates, may still have underlying older systems (plumbing, electrical) that could require future maintenance or upgrades.
Increased Management Demands: Operating three separate rental units, each with its own tenants, leases, and maintenance requirements, demands more time and effort compared to managing a single-family property.
Potential for Varied Unit Conditions: While overall well-maintained, the significant age difference between the 1947 main house and the 2018 SB9 unit/ADU could lead to differing maintenance cycles and costs across the units.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state