Investment Opportunity: Three Separate Homes on One Lot in North Hollywood

Investment Opportunity: Three Separate Homes on One Lot in North Hollywood

Rare chance to own three separate homes on one lot, each with its own address and private yard. Main house has been updated and currently rented for $3,800/month. Second unit is a modern 2-bed, 2-bath generating $2,800/month. Third unit is a charming 1-bed, 1-bath with its own driveway and porch bringing in $1,800/month. Well-maintained property with impressive rental income and ideal for multi-generational living.

Price
$1,399,000
Bed
6
Bath
4
Sq ft
2,324
Investment Opportunity: Three Separate Homes on One Lot in North Hollywood
Investment Opportunity: Three Separate Homes on One Lot in North Hollywood
Investment Opportunity: Three Separate Homes on One Lot in North Hollywood
Investment Opportunity: Three Separate Homes on One Lot in North Hollywood

6410 Goodland Ave North Hollywood, CA 91606

Listing Courtesy Of: Coldwell Banker HallmarkDijamco, Kevin, 01472137

Price: $1,399,000
SqFt: 2,324

MLSGD25048209IT

Type: Single Family

Year Built: 1947

Status: Active

City: North Hollywood

Days on Market: 9

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4

Roofing

  • Shingle

Cooling

  • Central

Heating

  • Central

Fireplace

  • None

Laundry

  • Dryer
  • Dryer Included
  • Gas Dryer Hookup
  • In Closet
  • Inside
  • Laundry Closet Stacked
  • Other
  • Stackable W/D Hookup
  • Washer
  • Washer Hookup
  • Washer Included

What's Special About This Home

Welcome to this unique property in North Hollywood offering a rare investment opportunity.

This single family property features three separate homes on one lot, perfect for investors or owner-occupants looking for additional rental income.

Each unit has its own address and is individually metered, providing privacy and convenience.

The main house, built in 1947 and boasting 936 square feet, has been updated with new flooring and offers 3 bedrooms and 1 bath.

Currently rented for $3,800/month, this home is a great source of steady income.

The second unit, built in 2018 and spanning 830 square feet, is a modern 2-bed, 2-bath home generating $2,800/month in rental income.

The third unit is a charming 1-bed, 1-bath ADU with its own driveway and spacious porch, bringing in an additional $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 and great condition, this property is also ideal for multi-generational living.

Located near schools, parks, and shopping, this Valley Glen gem is not to be missed.

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