8241 Vantage Avenue, North Hollywood, California 91605, North Hollywood, 91605 - 6 bed, 4 bath
ACTIVE$1,299,000
8241 Vantage Avenue, North Hollywood, California 91605
6Beds
4Baths
2,500Sqft
7,152Lot
Year Built
1948
Close
-
List price
$1.3M
Original List price
$1.35M
Price/Sqft
$520
HOA
-
Days on market
-
Sold On
-
MLS number
GD25040283
Home ConditionExcellent
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.30M(67th), sqft - 2500(67th), beds - 6(67th), baths - 4(67th).
Fully Updated * 2 Units On The Property * Front Unit - 3 Bedrooms / 2 Bathrooms * 1,300sqft Living Space * Fully Updated * Laminate Floors * Recessed Lighting * Central A/C & Heat * Large Master Bedroom * Laundry Hook-Ups Inside * Private Separate Yard * 4 Car Driveway Parking * Back Unit - 3 Bedrooms / 2 Bathrooms * 1,200sqft * Fully Updated * Open Floor Plan * Laminate Floors * Recessed Lighting * Central A/C & Heat * Laundry Hook-Ups Inside * Separate Private Yard * 2 Car Private Garage * 1 Car Parking On The Driveway * Both Units Are Tenant Occupied Collecting $6,600/m
Condition Rating
Excellent
Despite being built in 1948, this property has undergone a comprehensive and modern renovation, as evidenced by the 'Fully Updated' description and the provided images. Both units feature contemporary white shaker cabinets, quartz countertops, stainless steel appliances, and subway tile backsplashes in the kitchens. Bathrooms are equally updated with modern vanities, tiled showers/tubs, and current fixtures. The entire property benefits from new laminate flooring, recessed lighting, and central A/C & heat, indicating that all major components are new or virtually new, meeting current quality standards with no deferred maintenance. The style and finishes suggest a renovation within the last 5 years, qualifying it for an 'Excellent' condition score.
Pros & Cons
Pros
Robust Rental Income: The property currently generates a significant $6,600/month from two tenant-occupied units, offering immediate and substantial cash flow for investors.
Fully Updated Interiors: Both units have been extensively updated with modern finishes, including laminate floors, recessed lighting, and central A/C & heat, reducing immediate renovation needs.
Private Outdoor Spaces: Each unit features its own private yard, enhancing tenant privacy and providing desirable outdoor living areas.
Ample Dedicated Parking: The property offers generous parking with a 4-car driveway for the front unit and a 2-car garage plus an additional driveway spot for the rear unit.
Duplex Investment Opportunity: The duplex configuration provides a versatile investment, suitable for multi-unit income generation or owner-occupancy with rental offset.
Cons
Older Property Age: Built in 1948, the property's underlying structure, despite updates, may present potential for older infrastructure issues or higher long-term maintenance requirements.
Tenant Occupancy Constraints: While income-producing, existing tenant occupancy could limit immediate owner-occupancy options or complicate lease adjustments and property access for a new buyer.
Lack of Scenic Views: The property explicitly lacks any notable scenic views, which might be a consideration for buyers prioritizing aesthetic surroundings.