8142 Vantage Avenue, North Hollywood, California 91605, North Hollywood, 91605 - bed, bath

8142 Vantage Avenue, North Hollywood, California 91605 home-pic-0
ACTIVE$2,230,000
8142 Vantage Avenue, North Hollywood, California 91605
0Bed
0Bath
3,339Sqft
7,501Lot
Year Built
1947
Close
-
List price
$2.23M
Original List price
$2.23M
Price/Sqft
$668
HOA
-
Days on market
-
Sold On
-
MLS number
DW25099559
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s), Neighborhood
ViewCity Lights,Mountain(s),Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $2.23M(67th), sqft - 3339(67th), beds - undefined(50th), baths - undefined(50th).

An Amazing Investment Opportunity You Can't Afford to Miss!: Fully Vacant Four Units in the Prime North Hollywood neighborhood!!! Discover an exceptional investment or owner-user opportunity at 8142 Vantage Ave in the highly desirable North Hollywood area. Located on a residential street, this completely remodeled unit with 3 newly constructed units, offers approximately 3,339 square feet of living space on a generous 7,501 square foot lot, presenting a rare chance to establish market rents and generate immediate cash flow. Enjoy the comfort and privacy of a residential neighborhood with the bonus of additional residential income. Step inside to find stylish laminate floors flowing throughout the property. The thoughtfully designed unit mix caters to a variety of tenant needs or provides flexible living arrangements for an owner-occupier. This property is positioned for an owner to live in one unit and rent out the remaining three for substantial income or an investor operator seeking a good return on investment. This property is currently fully vacant, allowing you to set market-leading rents from day one. Imagine the possibilities of tailoring the tenant base and maximizing your return on investment. Beyond the excellent income potential, this turnkey property offers modern living in a prime location. Enjoy easy access to the vibrant NoHo Arts District, renowned for its theaters, art galleries, eclectic dining, and lively entertainment options. Commuting is a breeze with proximity to major transportation routes and studios. Local amenities, including shops, parks, and schools, are also conveniently close. This property boasts stunning kitchens featuring sleek quartz countertops, ample cabinetry, and premium finishes. Every detail is brand new: roof, windows, floors, kitchen, bathrooms, plumbing and electrical. As a bonus solar panels in rear units have been paid for. Don't miss this unique opportunity to own this one-of-a-kind property in a sought-after North Hollywood neighborhood. This is more than just an investment; it's a chance to secure a piece of prime real estate with immediate income potential and long-term growth.

Condition Rating
Excellent

Despite the original 1947 build year, the property has been extensively renovated and includes three newly constructed units, with the listing explicitly stating that 'every detail is brand new: roof, windows, floors, kitchen, bathrooms, plumbing and electrical.' The images confirm a modern aesthetic throughout, featuring sleek white shaker cabinets, quartz countertops, and stainless steel appliances in the kitchens, and contemporary double vanities, modern fixtures, and stylish tiling in the bathrooms. New laminate flooring and recessed lighting are present in all living areas. The property meets current quality standards with all components appearing new or virtually new, indicating no deferred maintenance and minimal physical depreciation.
Pros & Cons

Pros

Immediate Income Potential: The property is fully vacant, allowing the new owner to establish market-leading rents from day one and generate immediate cash flow.
Comprehensive Modernization: Featuring a completely remodeled unit and three newly constructed units, with 'every detail brand new' including roof, windows, floors, kitchen, bathrooms, plumbing, and electrical, offering a turnkey modern living experience.
Prime North Hollywood Location: Situated in a highly desirable residential neighborhood with excellent access to the vibrant NoHo Arts District, major transportation routes, studios, and local amenities.
Energy Efficiency: The inclusion of paid-for solar panels on the rear units provides an attractive bonus, contributing to reduced utility costs for tenants or the owner.
Versatile Investment Opportunity: Ideal for both investors seeking substantial income and owner-occupiers looking to live in one unit while generating rental income from the other three.

Cons

Undisclosed Unit Mix Details: The description lacks specific details on the bedroom and bathroom count for each of the four units, making it challenging to fully assess rental income projections without further inquiry.
Unspecified Parking Availability: For a four-unit property in an urban area, the absence of explicit mention of dedicated parking spaces could be a drawback for tenants and may impact rental desirability.
Age of Original Structure (Partial): While extensively remodeled, one unit originates from the 1947 structure. Despite 'brand new' systems, the underlying age of the original foundation or framing might still be a consideration for long-term maintenance or insurance.

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