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6738 Coldwater Canyon, North Hollywood, California 91606, North Hollywood, 91606 - 4 bed, 2 bath

6738 Coldwater Canyon, North Hollywood, California 91606 home-pic-0
ACTIVE$1,299,000
6738 Coldwater Canyon, North Hollywood, California 91606
4Beds
2Baths
1,330Sqft
8,043Lot

Price Vs. Estimate

The estimated value ($1,129,868.345) is $169,131.655 (13%) lower than the list price ($1,299,000). This property may be overpriced.

Key pros and cons

Top Pros:
Turnkey Assisted Living Facility: The property is fully upgraded and thoughtfully designed to meet RCFE standards, including partial furnishing and resident-focused customizations, making it a ready-to-go solution for care providers.
Top Cons:
Limited Bathroom Facilities: With 4 bedrooms and designed for up to 6 residents, the 1.5 bathrooms (as specified in the description) could be insufficient and potentially inconvenient for multiple residents requiring assistance.

Compared to the nearby listings

Price:$1.30M vs avg $929.0K (+$370,000)82%
Size:1,330 sqft vs avg 1,461 sqft37%
Price/sqft:$977 vs avg $62594%

More Insights

Built in 1947 (78 years old).
Condition: Despite being built in 1947, this property has undergone a comprehensive and recent renovation, with over $100,000 in improvements. The kitchen is brand new with modern white cabinetry, quartz countertops, and stainless steel appliances. New flooring, fresh paint, a newer HVAC system, and a newer roof contribute to an 'excellent' condition, making it virtually new inside and requiring minimal deferred maintenance. The property is move-in ready and meets current quality standards, especially with the added accessibility features for its intended use as an assisted living facility.
Year Built
1947
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$977
HOA
-
Days on market
-
Sold On
-
MLS number
SR25211045
Home ConditionExcellent
Features
Patio
ViewCity Lights,Neighborhood

About this home

Exceptional opportunity to acquire a fully upgraded 4-bedroom, 1.5 bath single-family home operating as an assisted living facility (RCFE). With over $100,000 in recent improvements, this property is thoughtfully designed to meet boarding care standards and is ideal for housing up to 6 residents. Recent upgrades include fresh interior and exterior paint, new flooring throughout, brand-new fully equipped kitchen with modern cabinetry, quartz counter tops, and stainless steal appliances, a newer HVAC system, and a newer roof — offering peace of mind and minimal capital expenses for years to come. Each bedroom has been customized with resident comfort and compliance in mind, and the property comes partially furnished to comply with assisted living requirements—making it a truly turnkey solution for care providers. The home features multiple accessibility enhancements, including wheelchair ramps throughout, grab bar in the full bath. The spacious, gated front yard boasts beautiful landscaping, while the large backyard includes alley access — perfect for ambulance entry and emergency services.Whether you're an experienced operator or looking to enter the growing senior care market, this property is a ready-to-go solution in a high-demand sector.

Nearby schools

5/10
Coldwater Canyon Elementary School
Public,•K-5•0.1mi
5/10
Bellingham Elementary School
Public,•K-5•0.8mi
6/10
John B. Monlux Elementary School
Public,•K-5•0.9mi
4/10
Kittridge Street Elementary School
Public,•K-5•0.9mi
6/10
Erwin Elementary School
Public,•K-5•1.0mi
5/10
Victory Boulevard Elementary School
Public,•K-5•1.3mi
5/10
Hazeltine Avenue Elementary School
Public,•K-5•1.6mi
1/10
Andres And Maria Cardenas Elementary School
Public,•K-5•1.6mi
3/10
Andres And Maria Cardenas Elementary School
Public,•K-5•1.7mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•1.8mi
5/10
Ranchito Avenue Elementary School
Public,•K-5•1.9mi
3/10
Maurice Sendak Elementary School
Public,•K-5•2.2mi
5/10
James Madison Middle School
Public,•6-8•0.3mi
4/10
Roy Romer Middle School
Public,•6-8•1.0mi
2/10
Van Nuys Middle School
Public,•6-8•2.7mi
6/10
Walter Reed Middle School
Public,•6-8•3.2mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•1.1mi
8/10
North Hollywood Senior High School
Public,•9-12•2.4mi
6/10
Van Nuys Senior High School
Public,•9-12•2.4mi
Condition Rating
Excellent
Despite being built in 1947, this property has undergone a comprehensive and recent renovation, with over $100,000 in improvements. The kitchen is brand new with modern white cabinetry, quartz countertops, and stainless steel appliances. New flooring, fresh paint, a newer HVAC system, and a newer roof contribute to an 'excellent' condition, making it virtually new inside and requiring minimal deferred maintenance. The property is move-in ready and meets current quality standards, especially with the added accessibility features for its intended use as an assisted living facility.
Pros & Cons

Pros

Turnkey Assisted Living Facility: The property is fully upgraded and thoughtfully designed to meet RCFE standards, including partial furnishing and resident-focused customizations, making it a ready-to-go solution for care providers.
Extensive Recent Upgrades: Over $100,000 has been invested in recent improvements, including new paint, flooring, a brand-new kitchen with modern cabinetry and stainless steel appliances, a newer HVAC system, and a newer roof, significantly reducing immediate capital expenses.
Accessibility Features: Equipped with multiple accessibility enhancements such as wheelchair ramps throughout and grab bars in the full bath, crucial for an assisted living environment and ensuring compliance.
Strategic Outdoor Space & Access: Features a spacious, gated front yard with landscaping and a large backyard with alley access, which is ideal for ambulance entry and emergency services, as well as resident outdoor enjoyment.
High-Demand Market Niche: The property is positioned in the growing senior care market, offering a ready-to-go solution in a sector with consistent demand for assisted living facilities.

Cons

Limited Bathroom Facilities: With 4 bedrooms and designed for up to 6 residents, the 1.5 bathrooms (as specified in the description) could be insufficient and potentially inconvenient for multiple residents requiring assistance.
Specialized Market Appeal: While ideal for RCFE operators, the property's specific design and upgrades for assisted living may limit its appeal to a broader residential buyer pool, potentially affecting resale value or market time if the RCFE use is discontinued.
Age of Original Structure: Built in 1947, despite extensive recent upgrades, the underlying structure is older, which could lead to unforeseen maintenance issues not covered by the recent renovations in the long term.

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