6501 Kraft Avenue, North Hollywood, California 91606, North Hollywood, 91606 - 0 bed, 0 bath
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North Hollywood, California 91606
This Quadruplex Residential Income Asset is a Strong Value Opportunity, listed at $1,800,000—positioned well below the $1,950,676 Fair Market Value by 7%. This valuation gap offers $150,676 in Instant Equity. Featuring an Excellent Condition Rating with a remodeled primary residence, solar panels, and newer roofing, the property provides immediate rental stability. Located near Top-Rated Schools like Theodore Roosevelt Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-producing property in North Hollywood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6501 Kraft Avenue Subject | $1,800,000* List Price | 0 | 0 | 4,000 | $488 | - |
A 6441 Satsuma Avenue Active | $1,889,000 List Price | 0 | 0 | 3,282 | $576 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1940, the property has undergone significant recent renovations. The front unit features a fully remodeled kitchen with custom cabinetry and stainless appliances, along with updated bathrooms. Modern interior finishes like recessed lighting and laminate flooring, combined with major system upgrades such as solar panels and newer roofing across all units, place this in the excellent category.
Elementary School: Theodore Roosevelt Elementary School (9/10).
This rare quadruplex features four distinct units totaling 4,000 square feet, offering a high-yield opportunity for investors or owner-users looking to offset their mortgage through rental income.
The front house has been extensively remodeled with a designer kitchen, custom cabinetry, and premium finishes, providing a turnkey luxury living space that commands higher market value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4000, other record living area = 1816.
Built in 1940, the property may possess aging core systems such as plumbing and electrical that could require future capital expenditures, particularly in the units that have not been fully modernized.
With three units ranging from only 700 to 800 square feet, the smaller living areas may limit the tenant profile to individuals or couples, potentially increasing turnover compared to larger residential spaces.
Welcome to 6501 Kraft Avenue, a rare residential income opportunity in the heart of North Hollywood. This versatile 4-unit property offers approximately 4,000 square feet of combined living space with 6 bedrooms and 5 bathrooms, making it ideal for investors, owner-users, or multi-generational living. The property consists of four units, including a front house with 2 bedrooms, 2 bathrooms, and approximately 1,000 square feet; Unit 2 with 1 bedroom, 1 bathroom, and approximately 700 square feet; Unit 3 with 1 bedroom, 1 bathroom, and approximately 700 square feet; and Unit 4 with 2 bedrooms, 1 bathroom, and approximately 800 square feet. The front residence features a remodeled kitchen with custom cabinetry, designer finishes, premium countertops, and stainless-steel appliances. Bright living spaces, recessed lighting, updated bathrooms, and spacious bedrooms create a comfortable and inviting atmosphere throughout. The expansive paved yard offers abundant parking and low-maintenance outdoor space. Conveniently located near shopping, dining, entertainment, major freeways, and employment centers, this unique property presents an excellent opportunity to own an income-producing asset in one of North Hollywood's most desirable locations.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,000 | 2,379.5 | 83% |
| Lot Size | 7,376 | 7,320 | 50% |
| Price | $1.80M | $823.0K | 83% |
| Price per sq ft | $450 | $412 | 50% |
| Built year | 1940 | 1943 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 112 | 17% |
May 29, 2026
$1,800,000
Initial Listing
Feb 1, 2022
$1,000,000
Public Record
Mar 29, 2010
$342,000
Public Record
Aug 31, 2006
$630,000
Public Record