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6410 Goodland Avenue, North Hollywood, California 91606, North Hollywood, 91606 - 6 bed, 4 bath

6410 Goodland Avenue, North Hollywood, California 91606 home-pic-0
ACTIVE$1,399,000
6410 Goodland Avenue, North Hollywood, California 91606
6Beds
4Baths
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
GD25048209
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 45% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.40M(86th), sqft - 2324(86th), beds - 6(94th), baths - 4(84th).

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
Excellent
This property, while featuring a main house built in 1947, includes a second unit built in 2018 and an ADU, both of which appear modern and recently constructed or extensively renovated. The description explicitly states the main house has been 'updated with new flooring' and the property has a 'new roof'. Images reveal modern kitchens with white shaker cabinets, stainless steel appliances, and contemporary countertops. Most bathrooms are also updated with modern tiling and fixtures, including glass shower enclosures. The flooring throughout is modern laminate or wood-look tile, and lighting consists of recessed lights and modern pendants. The overall impression is of a property that has undergone extensive recent renovations and new construction, meeting current quality standards with minimal physical depreciation, aligning with the 'Excellent' criteria.
Pros & Cons

Pros

Exceptional Income Potential: The property features three separate, individually metered units generating a combined $8,400/month in rental income, offering a robust cash flow opportunity.
Strong Capitalization Rate: Boasts an impressive 5.57% CAP rate, indicating a high return on investment for potential investors.
Modern & Updated Units: Includes a recently built SB9 unit (2018) and an updated main house with new flooring, complemented by a new roof, ensuring good overall condition.
Versatile Occupancy Options: Ideal for both investors seeking substantial rental income and owner-occupants looking for multi-generational living arrangements.
Prime Location: Situated in a desirable North Hollywood (Valley Glen) location, providing convenient access to schools, parks, and shopping amenities.

Cons

Significant Price Discrepancy: The listing price is substantially higher than the automated property estimation, potentially indicating overpricing or a challenging valuation for lenders.
Age of Main Structure: The main house, built in 1947, is considerably older than the newer units, which may raise concerns about potential future maintenance or outdated systems.
Absence of Scenic Views: The property does not offer any specific scenic views, which could be a minor detractor for buyers prioritizing such an amenity.

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