6742 Morella Avenue, North Hollywood, California 91606, North Hollywood, 91606 - 4 bed, 4 bath
ACTIVE$1,195,000
6742 Morella Avenue, North Hollywood, California 91606
4Beds
4Baths
2,360Sqft
5,632Lot
Year Built
2003
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$506
HOA
-
Days on market
-
Sold On
-
MLS number
25556289
Home ConditionGood
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.20M(78th), sqft - 2360(86th), beds - 4(63th), baths - 4(84th).
Welcome to 6742, 6744, and 6744 Morella in North Hollywood! This property features a 1,500 sqft, 3-bed, 2-bath, two-story main home, a newly built 360 sqft attached single JDU, and a 500 sqft single ADU in the back. Both the main home and ADU are currently rented to excellent month-to-month tenants. Enjoy flexible options: rent the units for income or live in one and rent the others, great backyard space as well as plenty of parking.
Nearby schools
5/10
Bellingham Elementary School
Public,•K-5•0.5mi
5/10
Victory Boulevard Elementary School
Public,•K-5•0.6mi
4/10
Camellia Avenue Elementary School
Public,•K-5•0.9mi
5/10
Fair Avenue Elementary School
Public,•K-5•0.9mi
2/10
Julie Korenstein Elementary School
Public,•K-5 & ungraded•1.1mi
3/10
Maurice Sendak Elementary School
Public,•K-5•1.2mi
6/10
John B. Monlux Elementary School
Public,•K-5•1.4mi
4/10
Oxnard Street Elementary School
Public,•K-5•1.6mi
5/10
Strathern Street Elementary School
Public,•K-5•1.6mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•1.7mi
6/10
Lankershim Elementary School
Public,•K-5•2.1mi
8/10
Providencia Elementary School
Public,•K-5•2.6mi
8/10
Bret Harte Elementary School
Public,•K-5•2.6mi
7/10
Toluca Lake Elementary School
Public,•K-5•2.9mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•3.3mi
7/10
Rio Vista Elementary School
Public,•K-5•3.4mi
4/10
Roy Romer Middle School
Public,•6-8•0.5mi
6/10
Luther Burbank Middle School
Public,•6-8•2.3mi
6/10
Walter Reed Middle School
Public,•6-8•2.8mi
5/10
David Starr Jordan Middle School
Public,•6-8•4.6mi
6/10
Arroyo Seco Museum Science
Public,•K-8•12.4mi
5/10
Sun Valley Engineering And Technology Magnet
Public,•6-12•1.0mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•1.9mi
8/10
North Hollywood Senior High School
Public,•9-12•1.9mi
3/10
East Valley Senior High School
Public,•9-12•1.9mi
6/10
John H. Francis Polytechnic
Public,•9-12•2.1mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•2.4mi
7/10
Burroughs High School
Public,•9-12•3.9mi
8/10
Burbank High School
Public,•9-12•4.2mi
Condition Rating
Good
The property, built in 2003, includes a main home and newly built JDU and ADU units. The accessory units feature modern finishes, including white shaker cabinets, stainless steel appliances, and contemporary laminate flooring, indicating recent construction/renovation. The main home, while 21 years old, shows well-maintained areas with hardwood-look flooring and recessed lighting. The master bathroom has an updated double vanity, though one other bathroom shows slightly more dated, but functional, finishes. A modern tankless water heater is also present. Overall, the property is move-in ready with significant recent updates to a portion of the living space, aligning with the 'Good' criteria for properties built within 10-20 years or extensively renovated within 5-15 years.
Pros & Cons
Pros
Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Multiple Income-Generating Units: The property features a main home, a newly built attached JDU, and a separate ADU, offering multiple streams of potential rental income.
Flexible Usage Options: Provides versatility for buyers, allowing them to rent all units for investment or live in one and rent the others for supplemental income.
Established Rental Income: Both the main home and ADU are currently rented to 'excellent month-to-month tenants,' ensuring immediate cash flow for a new owner.
Newer Construction Component: The inclusion of a 'newly built 360 sqft attached single JDU' adds modern appeal and potentially lower maintenance for that unit.
Practical Amenities: The property boasts 'great backyard space' and 'plenty of parking,' enhancing livability and convenience for residents.
Cons
Month-to-Month Tenancy: While providing income, month-to-month leases can pose challenges for a buyer seeking immediate owner-occupancy or wishing to implement long-term rental agreements.
Listed Above Estimated Value: The current listing price of $1,195,000 is higher than the property's estimated value of $1,102,253, potentially requiring price negotiation or deterring value-conscious buyers.
Lack of Specific View: The property description explicitly states 'view: None,' which may be a minor drawback for buyers prioritizing scenic outlooks.