7060 Morse Avenue, North Hollywood, California 91605, North Hollywood, 91605 - 5 bed, 3 bath
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North Hollywood, California 91605
This Turnkey Multi-Unit Property represents a Strong Value Opportunity, listed at $999,000—positioned well below the $1,092,792 Fair Market Value by 8%. This valuation gap provides $93,792 in Instant Equity. Featuring a Mint Condition Rating, the home includes a modernized kitchen, private pool, and a vacant guest unit for immediate rental income. This versatile asset is perfectly suited for Buy-and-Hold Investors seeking cash flow or Owner-Occupants looking to offset their mortgage through house-hacking.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7060 Morse Avenue Subject | $1,095,000* List Price | 5 | 3 | 2,100 | $545 | - |
A 7848 Melita Avenue Sold | $1,330,000 | 5 | 4 | 2,136 | $623 | 1.0 mi |
B 12952 Elkwood Sold | $1,189,000 | 5 | 4 | 2,338 | $509 | 0.9 mi |
C 6821 Babcock Avenue Sold | $1,060,000 | 4 | 3 | 1,727 | $614 | 0.6 mi |
D 12827 Covello Street Sold | $850,000 | 3 | 3 | 2,084 | $408 | 0.6 mi |
E 7736 Bellaire Avenue Sold | $1,050,000 | 5 | 4 | 2,454 | $428 | 0.9 mi |
F 7042 Morse Avenue Active | $1,050,000 List Price | 4 | 2 | 1,858 | $565 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1955 build date, the property has undergone a comprehensive renovation within the last 5 years. It features a modern kitchen with quartz countertops and stainless steel appliances, fully updated bathrooms with contemporary tile and fixtures, recessed lighting, and new flooring throughout. The home is in mint, move-in ready condition with no apparent maintenance needs.
The property features a main house and a vacant guest unit, offering an immediate opportunity for rental income, a home office, or multi-generational living.
The interior boasts contemporary updates including quartz countertops, stainless steel appliances, wood flooring, and recessed lighting, ensuring a move-in-ready experience.
A gated front yard with a circular driveway provides excellent privacy and parking, while the backyard is optimized for entertaining with a sparkling pool and covered patio.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2100, other record living area = 1659. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The conversion of the garage into a guest unit results in the loss of traditional covered parking and enclosed storage space for the primary residence.
Originally built in 1955, the property may require ongoing maintenance or future upgrades to aging core systems despite its cosmetic renovations.
BOTH Units Are Now Vacant and Move-In Ready!!! Great opportunity in a desirable North Hollywood neighborhood. This updated gated pool home offers plenty of space, flexibility, and potential for owner-users or investors alike. The main house features 4 bedrooms and 3 bathrooms with a comfortable open layout, a cozy living room with fireplace, dining area, and an updated kitchen with quartz countertops and stainless steel appliances. Additional features include wood flooring, recessed lighting, crown molding, and updated bathrooms throughout. The backyard is set up for entertaining with a covered patio, sparkling pool, and plenty of outdoor space to enjoy year-round. The gated front yard and circular driveway provide privacy and ample parking. The converted garage is currently being used as a guest unit and offers great potential for extended family, rental income, or possible future ADU opportunities (Buyer to verify). Conveniently located near shops, restaurants, schools, parks, and easy freeway access. A versatile North Hollywood property with both units vacant and ready for the next owner.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 86% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 2,100 | 1,600 | 83% |
| Lot Size | 7,343 | 6,473 | 68% |
| Price | $1.09M | $855.0K | 83% |
| Price per sq ft | $521 | $571 | 26% |
| Built year | 1955 | 1954 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 159 | 2% |
Jun 6, 2026
$1,095,000
$999,000
+10% Price Increase
Initial Listing
May 15, 2026
$999,000
Initial Listing
Feb 20, 2020
$815,000
Public Record
Jun 11, 2002
$300,000
Public Record